-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 →
Petrobras announces teasers for the sale of downstream assets in Brazil
Rio de Janeiro, June 28, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release issued on April 26, 2019, announces the beginning of the opportunity disclosure stage (teaser) related to the sale of refining and associated logistics assets in Brazil. The divestments account for about 50% of the national refining capacity, with... Continue Reading →
Petrobras Chief Financial Officer Andrea Marques de Almeida discusses the company’s business plan
June 26th, 2019, 8:35 PM Petrobras Chief Financial Officer Andrea Marques de Almeida discusses the company's business plan with Bloomberg's Romaine Bostick, Joe Weisenthal and Caroline Hyde on "Bloomberg Markets: What'd You Miss?" (Source: Bloomberg) See video: https://www.bloomberg.com/news/videos/2019-06-26/petrobras-working-on-cutting-debt-and-progressing-on-divestments-cfo-says-video
Total sees record production in Tierra del Fuego
The CMA-1 Consortium, operated by French oil major Total, has achieved record production in Tierra del Fuego with a volume of 22.8 million cubic meters/day from the offshore fields located north of the Province of Tierra del Fuego. The CMA-1 Consortium is composed of Total Austral (operator with a 37.5% interest), Wintershall Dea (37.5%), and... Continue Reading →
Porto do Açu aims to export gas
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 →
ANP Permanent Offer areas will be auctioned on September 10; Rosneft Registered
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 →
Petrobras stake sale raises 7.3 billion reais for Brazil lender Caixa
Caixa Economica Federal raised about 7.3 billion reais (S$2.57 billion) by selling a stake in oil and gas giant Petroleo Brasileiro SA (Petrobas) as Brazil's biggest state-owned lender works to help the government reduce its debt. Caixa sold about 241.3 million shares at 30.25 reais apiece, according to a person familiar to the matter who... Continue Reading →
Talos done with Zama appraisal. FID in 2020
U.S. oil company Talos Energy has completed the appraisal at the third and final appraisal well at its giant Zama offshore oil discovery in Mexico, aimed to better define the resource potential of the discovery made in 2017. The Zama-2 and Zama-2 ST1 appraisal penetrations, both drilled in the first half of 2019, generated results... Continue Reading →
Breakdown of the gas monopoly may attract R $ 32.8 billion in pipelines and terminals, estimates MME
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 →
Wärtsilä to maintain fleet of PLSVs of Sapura Brasil
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 →