Tag Archive

Tullow Issues Trading Statement & Operational Update

Tullow Issues Trading Statement & Operational Update

January 10, 2018 No Comments

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2017. This is in advance of the Group’s Full Year Results, which are scheduled for release on Wednesday 7 February 2018. The information contained herein has not been audited […]

Suriname signs oil deals with Exxon, Hess and Statoil

Suriname signs oil deals with Exxon, Hess and Statoil

July 14, 2017 No Comments

Suriname’s state oil company Staatsolie said on Thursday it signed production sharing contracts involving Exxon Mobil Corp , Hess Corp and Statoil ASA for two blocks off the coast of the South American nation according to a Reuters report. The thirty-year exploration and production agreements involve the areas known as Block 59, to be developed […]

DEA opens office in Brazil

DEA opens office in Brazil

June 19, 2017 No Comments

DEA Deutsche Erdoel AG is stepping up its presence in South America. The German E&P Company opened an office in Rio de Janeiro and appointed a new General Manager for Brazil. Christoph Schlichter is responsible for evaluating market opportunities in the Brazilian upstream industry. DEA had already founded the subsidiary DEA Petróleo e Gás do […]

Amerisur Resources commences drilling on the Platanillo field

Amerisur Resources commences drilling on the Platanillo field

June 24, 2016 No Comments

Amerisur Resources announced that it has commenced drilling operations on well Platanillo 8 on Pad 5 in the Platanillo field in the Putumayo basin of Colombia. Platanillo 8 is being drilled using the Serinco D-10 rig and is the first of a minimum of two infill wells to be drilled this year and will take […]

Polarcus awarded an additional broadband 3D project offshore South America

Polarcus awarded an additional broadband 3D project offshore South America

June 15, 2016 No Comments

Polarcus Limited (OSE: PLCS) announced that the Company has received a Letter of Intent (“LOI”) from an undisclosed client for an additional broadband 3D marine seismic survey offshore South America. The project will commence in early Q4 2016 and run for approximately three months. Commenting on the award, Richard Price, Senior Vice President, North & […]

AGR to support Colombia’s development of significant heavy oil resources

February 19, 2016 No Comments

AGR announced that it has finalised a contract with Colombia’s Agencia Nacional de Hidrocarburos (ANH) supporting further the company’s growth strategy in the South American region. AGR team will provide ANH a full scale review of global fiscal incentive schemes that promote enhanced oil recovery (EOR) and secondary recovery, to support the development of Columbia’s […]

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Amerisur announces acquisition of Platino Energy

January 26, 2016 No Comments

Amerisur Resources, the oil and gas producer and explorer focused on South America, has announced the acquisition of Platino Energy (Barbados), a private company, from COG Energy for a total consideration of US$7 million. Highlights: Payment to COG of a total of US$7MM on closing. The consideration will be paid in Amerisur stock and the […]

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Statoil Brazil awards Peregrino OMM contract to Wood Group

September 21, 2015 No Comments

On behalf of the Peregrino licence partners, Statoil is awarding a contract to Wood Group to provide four-year operations and maintenance for our two wellhead platforms (Alpha and Bravo) and modification services for both units and the FPSO Peregrino. The contract’s scope includes offshore services and covers all production processes and equipment except drilling services […]

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SAExploration Announces $90 Million of New Project Awards

September 16, 2015 No Comments

SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) announced three new project awards for onshore logistical support and seismic data acquisition services in North and South America, collectively valued at approximately $90 million. The largest of the three projects is a multi-year program, which SAE expects to begin during the fourth quarter of 2015 and complete in the […]

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CGG Announces First Quarter 2014 Results

May 7, 2014 No Comments

CGG (ISIN: 0000120164 – NYSE: CGG), world leader in Geoscience, announced today its non-audited 2014 first quarter results. First quarter results reflecting execution of contracts secured end-2013 in low market conditions Highlights: – Revenue at $806m – Operating income at $35m in line with expectations – EBIT at $18m, including a $(17)m negative contribution of […]

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