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GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended September 30, 2019 (“3Q2019”). All figures are expressed in US Dollars and... Continue Reading →
October 18, 2019 Further to the announcement dated September 30, 2019 confirming its participation in the public sale auction of the equity ownership of Serviços de Petróleo Constellation S.A. (“Constellation”) in the lease and operating companies related to five Brazilian FPSOs (“the entities”), SBM Offshore confirms it has been formally designated as the... Continue Reading →
Singapore Keppel Corporation’s Offshore & Marine business division saw its revenue and profit increase in the third quarter of 2019. While the division is famous for its rig building capabilities, the company has so far this year secured one rig order, and 60 percent of contracts in the first nine months arrived from gas and... Continue Reading →
Oilfield services provider Baker Hughes, a GE company, has announced its name change to Baker Hughes Company. The company will be known as Baker Hughes and, on Friday, October 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”, Baker Hughes said on Thursday. Baker... Continue Reading →
Oct 17, 2019 (Reuters) - Brazil’s auction of oil prospecting rights may reduce the government deficit in 2019 to below 100 billion reais ($24.10 billion), Treasury secretary Mansueto Almeida told GloboNews TV channel on Thursday. According to Mansueto, the Brazilian government expects to receive 48 billion reais from the transfer of rights oil auction. Mansueto... Continue Reading →
Norwegian seismic services provider Petroleum Geo-Services (PGS) returned to profit in the third quarter of the year from a loss in the corresponding quarter of 2018 as its revenues received a boost amid improving market environment. In its report for the third quarter of 2019, PGS on Thursday reported total revenues of $276.5 million, compared to... Continue Reading →
October 16, 2019 SBM Offshore is pleased to announce that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will... Continue Reading →
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However, the owners of the large number of Brazil flagged vessels that were built but did... Continue Reading →
Oct 15, 2019 The National Bank for Economic and Social Development (BNDES) intends to lead the structuring of a model that enables the construction of gas pipelines to drain future gas production from pre-salt fields, which in addition to financing the works will include the search for investors for the ventures, a bank superintendent told... Continue Reading →
Oct 15, 2019 Petrobras and Pre-sal Petróleo SA (PPSA) signed a document of expenses and volumes equalization for the Tartaruga shared oil field in the Campos Basin. As a result of the contract, the Union will receive about R $ 210 million from Petrobras. The funds will go into the National Treasury single account by... Continue Reading →
