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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 →
Brazil’s Supreme Court began debating on Thursday whether to overturn a three-year-old rule that convicted criminals must go to prison right after losing their first appeal and not wait until they have exhausted their appeal options. The rule contributed to the success of Brazil’s biggest corruption investigation, the so-called Car Wash operation that put dozens... Continue Reading →
October 17, 2019 - We posted a solid operating performance in 3Q19, delivering significant growth in oil, NGL and natural gas production, which reached 2,878 kboed, 9.3% higher than 2Q19, led by the 17.0% increase in pre-salt production, which reached 1,367 kboed, representing 60.4% of oil production in Brazil. Pre-salt’s performance is due to 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 →
Australia’s BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago with one discovery made, and one well classified as dry. BHP said in its operational update for the third quarter published on Thursday that the two wells were located in the Northern licenses and were a... 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 →
October 17, 2019 CNPE will evaluate proposed inclusion of assets located within the polygon that have already been auctioned or returned On the agenda of the next meeting of CNPE, the inclusion of exploratory blocks located within the pre-salt polygon in the permanent offer regime was approved by the ANP board of directors meeting .... 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 →
Oct 17, 2019 The electricity sector has entered the radar of major global oil companies, eager to consolidate in Brazil a consumer market for their respective natural gas production, whether from pre-salt or from abroad, through the importation of liquefied natural gas (LNG). ). Encouraged by the process of opening the Brazilian gas market, companies... Continue Reading →
