OGDC: Profitability to plunge by 24% YoY in 2QFY21 We expect OGDC’s earnings in 1HFY21 to arrive at PKR 42,964mn (EPS: PKR 9.99), down by 19% YoY. The fall is anticipated owed to i) drop in oil prices by 32% YoY given weak oil demand internationally and ii) 4% and 5.8% YoY dip in oil…
LUXEMBOURG: Subsea 7 S.A. has announced the award of a large contract by ConocoPhillips Australia Barossa Pty Ltd to deliver the SURF scope for the Barossa Project, and a substantial contract by Murphy Exploration and Production Company – USA for the subsea installation services related to the Samurai, Khaleesi, and Mormont developments tying back to…
HOUSTON: TGS-NOPEC Geophysical Company has announced a new 3D multi-client project offshore Argentina. The Malvinas 3D survey will cover approximately 7,300 square kilometers of highly prospective Malvinas Basin, which saw spirited interest during Argentina Round 1 earlier this year. The survey will employ one Shearwater vessel, with operations set to commence in Q4 2019 and…