The board of directors of Brazilian state-owned Petrobras approved Tuesday an addendum to a transfer-of-rights oil contract which establishes a $9 billion reimbursement, Kallanish Energy reports.
Oil and gas exploration company GeoPark announced Wednesday the acquisition of two blocks in Ecuador, Kallanish Energy reports.
The purchase is the first investment in Ecuador for the company, headquartered in Chile, with operations in other South American countries.
