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August 8, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its subsidiary Petrobras Biocombustíveis S.A. (PBIO) signed today a contract to sell its 50% stake in Belem Bioenergia Brasil (BBB) to Galp Bioenergy B.V., which holds the other 50% stake in the company. BBB was established in 2011 by Petrobras and Galp for the production... Continue Reading →
Aug 8, 2019 UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental. Continental, an established air diving service provider to the offshore oil sector in Brazil, provided inspection, repair and maintenance services to... Continue Reading →
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 reports its consolidated financial results for the three-month period ended June 30, 2019 (“Second Quarter” or “2Q2019”). A conference call to discuss... Continue Reading →
SBM Offshore 2019 Half-Year Earnings August 8, 2019 Highlights US$6.3 billion order intake year-to-date, driving a 36% backlog increase Contracted cash flow from Lease and Operate fleet provides visibility up to 2045 Four major projects under execution in Turnkey, including three FPSOs, of which two based on Fast4Ward® 2019 Directional[1] revenue guidance increased to “above... Continue Reading →
Oil services company Archer returned to profit in the second quarter of this year from a loss in the same period last year. Archer posted a net income of $3.5 million for the second quarter of 2019 compared to a loss of $7.4 million in the prior-year quarter. The company’s revenues increased to $235.6 million... Continue Reading →
U.S.-based oil and gas company Talos Energy bounced back to the black in the second quarter of 2019 on the back of higher revenues boosted by record production levels. Talos on Wednesday posted a net income of $94.8 million for the second quarter of 2019 compared to a loss of $75 million in the same... Continue Reading →
Occidental Petroleum is selling bonds to help finance its $38 billion acquisition of Anadarko, as debt issuers show faith in Tuesday’s market rebound. Occidental is selling bonds in as many as 10 parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, may yield 2.7 percentage... Continue Reading →
UK’s marine engineering services provider James Fisher and Sons has decided to acquire a 60% of the share capital of Continental Participação E Administração Ltda., the holding company of Serviços Marítimos Continental S.A. James Fisher said on Wednesday that the acquisition will be done for a total cash consideration of £7.5 million ($9.1M), where £4.9m is... Continue Reading →
Aug 5, 2019 Willing to take advantage of the window of opportunity that the market offers in terms of interest rates and assets for sale, PetroRio is preparing to issue dollar funds next month that will give it the firepower to buy assets and develop those that already exist. The company has consulted with investors... Continue Reading →
Aug 5, 2019 Diamond Offshore Drilling (DO) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -11.24%. A... Continue Reading →
