Post Tagged with: "South America"

Source: Qatar Petroleum

Qatar Petroleum Partners with Total in Africa, South America

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya
Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock

Source: Citgo

U.S. Court Confirms Citgo Board Appointed by Venezuela’s Opposition

From The Houston Chronicle


In a victory for Venezuela’s opposition government, a U.S. judge confirmed Citgo Petroleum’s board of directors appointed by Juan Guaido, squashing socialist leader Nicolas Maduro’s efforts to regain control over the Houston oil refiner.

On Wednesday …

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

From Reuters


The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …

Anadarko Petroleum Beats Profit Estimates on Higher Output

Anadarko Petroleum Beats Profit Estimates on Higher Output

From Reuters


Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil.…

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

Latin America-based GeoPark Limited (stock ticker: GPRK) has been extending its reserves and announced plans to buy back shares in 2019.

Last month, GeoPark increased its equity interest to 100% in its Colombian and Chilean businesses, blocks, and reserves, including

December 21, 2018 - 1:35 pm Closing Bell Story‎, International
Slow Deepwater Rebound Threatened by Rising Rig Costs, Falling Oil Prices

Slow Deepwater Rebound Threatened by Rising Rig Costs, Falling Oil Prices

From Houston Chronicle

 

The slow deepwater recovery in the Gulf of Mexico and the rest of the world is now threatened by falling oil prices and the projected cost rise of drilling rigs and other services.

A new report …

November 30, 2018 - 1:30 pm Closing Bell Story‎, Energy News
Light Oil Discovery in Colombia

Light Oil Discovery in Colombia

Toronto-based Frontera Energy Corporation (ticker: FECCF) announced a light oil discovery in the Llanos-25 Block in Colombia. The discovery was made on the Acorazado-1 exploration well.

According to a presentation from Frontera, the Llanos-25 property is a 168,805-acre property for

GeoPark to Present at The Oil and Gas Conference

GeoPark to Present at The Oil and Gas Conference

GeoPark (NYSE: GPRK)

Company Overview

GeoPark, founded in 2002, is an independent Latin American oil and gas explorer, operator and consolidator with assets and growth platforms in Argentina, Brazil, Chile, Colombia and Peru.

GeoPark is currently ranked the third-largest …

Canacol Energy Ltd.: Largest Caribbean Supplier of Natural Gas

Canacol Energy Ltd.: Largest Caribbean Supplier of Natural Gas

Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. …

GeoPark Produced 10.2 MMBOE in 2017, Receives Reserve Report

GeoPark Produced 10.2 MMBOE in 2017, Receives Reserve Report

‘For every barrel produced, we replaced it with almost three proven barrels’ – GeoPark CEO James Park

EnerCom Dallas presenter GeoPark Limited (ticker: GPRK) recently received an independent appraisal of reserves covering 100% of the company’s assets in Colombia, Chile, …

EnerCom Dallas Conference Presenter: GeoPark Limited

EnerCom Dallas Conference Presenter: GeoPark Limited

GeoPark Limited (ticker: GPRK) is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru.

The company has 29 blocks in nine basins across five countries …

January 12, 2018 - 1:53 pm Closing Bell Story‎, EnerCom Dallas 2018, Energy News
GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.

GeoPark’s 2018 work program and budget is $100-$110 million. …

Gran Tierra Energy Plans 27% Production Growth

Gran Tierra Energy Plans 27% Production Growth

Gran Tierra Energy Inc. (ticker: GTE) has released its 2018 capital budget and production guidance.

Highlights

  • 2018 average production of 36,500 to 38,500 BOEPD, representing growth of 20 to 27% over 2017 year to date average production
  • 2018 capital budget
$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

Statoil ASA (ticker: STO) and Petroleo Brasileiro S.A. – Petrobras (ticker: PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The transaction nearly triples Statoil’s production in …

Image: Oil & Gas 360

Ecopetrol Makes 2nd Oil Discovery in Columbia, $3.5-$4 Billion Investment Plan

Ecopetrol (ticker: EC) said that the Coyote-1 well confirmed the presence of oil in the Middle Magdalena Valley basin in Santander. The finding was recorded between 2,042 and 2,177 meters in depth, confirming the presence of medium crude. The API …

PentaNova Llancanelo Aerial View

PentaNova and YPF Heading to Argentina’s Largest Heavy Oil Fields

PentaNova Energy Corp. (ticker: PNO) signed the final agreement with Argentina’s National Oil Producer YPF to farm in on 11% of the Llancanelo heavy oil field. The agreement takes PentaNova to a 50% working interest partnership in the field.

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