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(BUSINESS WIRE)--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 September 30, 2020 (“Third Quarter” or “3Q2020”). A conference call to... Continue Reading →
- Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), informs its shareholders and the market in general that it has signed binding documents with Gas Bridge SA (“Gas Bridge”), concerning the sale of the 10% interest held by the Company in the Manati Field ("Field" or “Manati”). Total transaction value is R$ 144.4 million and includes... Continue Reading →
(Reuters) - Malaysian state-owned energy giant Petroliam Nasional Berhad, or Petronas, said on Thursday it aims to become a net zero emitter of greenhouse gases by 2050 and also plans to increase its investments in renewable energy. Burning of oil and gas accounts for the vast majority of the world’s carbon emissions, and many investors... Continue Reading →
CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties will continue the marine acquisition partnership, but also with... Continue Reading →
Offshore accommodation rig provider Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates following the Covid-19 pandemic and oil price crash. Prosafe said on Thursday that its EBITDA for the third quarter was negative by $1.2 million compared to a positive of $26.3 million... Continue Reading →
Oil and gas company Apache Corporation has selected its fifth exploration well offshore Suriname in Block 58 and filed appraisal plans for two previous discoveries. Apache said in its third-quarter financial report that the company has selected its fifth exploration well – named Bonboni –situated in the North Central portion of Block 58. The company... Continue Reading →
A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according to Hess Corporation. Greg Hill, Chief Operating Officer, explained to investors on the company’s Q3 earnings call last week that the 9 billion barrels of oil equivalent (boe) upgrade that was... Continue Reading →
Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown. Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a signal traders expected production to run below consumption and inventories to fall. Over the last ten days, however,... Continue Reading →
Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about 185 kilometers off the Brazilian coast – south of São Paulo – at a water depth of around 2,050 meters.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has readjusted, on 11/01/2020, the sales prices of natural gas for distributors for the contracts started in January 2020. The adjustments occurred according to parameters negotiated in contractual formulas, due to variations in Brent oil prices and the Real/Dollar exchange rate in the last quarter. The readjustment... Continue Reading →
