Activist investor Carl Icahn is pushing to oust and replace four directors at Occidental Petroleum’s board over what he recently labeled a misguided “bet-the-company” acquisition of Anadarko by Oxy in which he owns shares. The 83-year-old whose net worth has been estimated at around $18 billion, has previously slammed Oxy over its decision to pay... 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 today announced the expansion of its portfolio in Colombia following the successful Agencia Nacional de Hidrocarburos (ANH) bid round in June 2019.... Continue Reading →

June 27, 2019 Gas Natural Açu (GNA Açu), a joint venture formed by Prumo Logística, BP and Siemens, is studying the possibility of building a natural gas liquefaction plant at Porto do Açu Port. The interest is motivated by the prospect of increased volumes produced in the pre-salt. "We can have a plant to export... Continue Reading →

June 27, 2019 The ANP will hold on September 10 the auction to offer areas for the first cycle of the permanent offer, which will tender offshore and onshore exploratory blocks already tendered or returned. The first cycle will open on Thursday, 27 of Sept , and companies interested in participating have until July 17... Continue Reading →

June 26, 2019 The government estimates that the end of the monopoly of the natural gas market could generate investments of up to R $ 32.8 billion in expansion of transportation infrastructure and fuel outflow. In addition, it sees an increase of R $ 2 billion in the collection of royalties and R $ 5.3... Continue Reading →

June 26, 2019 Wärtsilä signed a contract with Sapura Brasil for the monitoring and maintenance of equipment of six Pipe Laying Support Vessels (PLSVs), currently contracted by Petrobras. Wärtsilä will service the fleet through a parts contract and a local service contract. In total, 34 engines and 42 propellers from the Finnish manufacturer will be... Continue Reading →

June 26,2019 The National Agency for Petroleum, Natural Gas and Biofuels (ANP) published on May 23, 1919 Resolution No. 789 which specifies waterborne fuels by reducing the maximum limit of sulfur content in bunker fuels for do not have an exhaust gas cleaning system. This standard complies with Annex VI of MARPOL, which is incorporated... Continue Reading →

The company has 26 vessel repair contracts for 2019 an increase over 2018 with 24 completed . Wilson Sons shipyard will conclude the maintenance of the PSV (Platform Supply Vessel) Zarapito and the tugboat Vega by the end of this month. The operations started on 4 June, in Guarujá, and includes repair procedures for the structural, mechanical, electrical... Continue Reading →

Baker Hughes, a GE company (BHGE) and C3.ai have formed a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s AI software suite to deliver digital transformation technologies for the oil and gas industry. The joint venture combines BHGE’s extensive oil and gas technology domain expertise with C3.ai’s AI software... Continue Reading →

TechnipFMC (NYSE:FTI) (Paris:FTI) has agreed to resolutions with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC) Staff and the Brazilian authorities (the Federal Prosecution Service (MPF), the Comptroller General of Brazil (CGU), and the Attorney General of Brazil (AGU)) to resolve anti-corruption investigations in Brazil and relating to the intermediary,... Continue Reading →