Search results for: BPZ

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  • 27 April 2012
    Business & Finance

     Pacific Rubiales Energy Corp. announced today that it has reached an agreement with BPZ Resources, Inc. to enter into a series of transactions ultimately resulting in the acquisition of beneficial ownership of a 49% undivided participating interest in the Z-1 exploration and development block (“Block Z-1”), offshore in Peru. Under the terms of the agreement, […]

  • 7 August 2012
    Business & Finance, Operations & Maintenance

    Houston-based BPZ Energy and Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced the successful load out and sail away of the world’s first Buoyant Tower drilling and production platform destined for installation at BPZ Energy’s Corvina field located offshore Peru. The CX-15 platform was safely completed and successfully delivered to […]

  • 23 December 2014
    Project & Tenders

    BPZ Energy, an independent oil and gas exploration and production company, has started production from another Corvina well, offshore Peru. In its operational update, BPZ said that the Corvina CX15-14D development well was completed in early December. The well was drilled to a total measured depth of 7,845 feet and completed in six weeks. For […]

  • 6 August 2012
    Business & Finance

    Houston-based BPZ Energy and Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful load out and sail away of the world’s first Buoyant Tower drilling and production platform destined for installation at BPZ Energy’s Corvina field located offshore Peru. The CX-15 platform was safely completed and successfully delivered […]

  • 2 December 2010
    Business & Finance

    BPZ Resources, Inc. announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production. The Company has started operating the gas compressor at the CX-11 Corvina platform to re-inject the associated gas and thus avoid gas flaring. The Company is now in the process of reopening […]

  • 3 April 2013

    BPZ Energy , an independent oil and gas exploration and production company, today provided an update on offshore Block Z-1 in Peru. Platform monitoring and control system modifications to facilitate operation of the CX-15 platform before new drilling can begin are being worked on by the Block Z-1 partners. Temporary equipment is tracking platform response […]

  • 4 July 2012
    Business & Finance

    BPZ Energy, an independent oil and gas exploration and production company, announced yesterday that the Peruvian Ministry of Energy and Mines (MEM) had granted extension of the gas flaring permit for the Company’s Albacora field operations through December 28, 2012, allowing oil production testing to continue. Peruvian regulations require permits for gas flaring if gas […]

  • 6 August 2012
    Business & Finance

    Houston-based BPZ Energy and Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful load out and sail away of the world’s first Buoyant Tower drilling and production platform destined for installation at BPZ Energy’s Corvina field located offshore Peru. The CX-15 platform was safely completed and successfully delivered […]

  • 28 December 2012

    BPZ Energy , an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest (“closing”) in offshore Block Z-1 to Pacific Rubiales Energy Corp. The Board of Directors of Perupetro and the Ministry of Energy and Mines have […]

  • 7 June 2011
    Business & Finance

      CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas,announces the appointment of Edward G. Caminos as Senior Vice President and Chief Financial Officer of the Company, effective as of July 1, 2011, and the appointment of Alan W. Halsey as Senior Vice President, Exploration […]

  • 5 October 2010

    BPZ Resources, Inc. announced today that the A-17D well in its Albacora field located offshore northwest Peru has been deemed a dry hole. As a result, the Company has made a decision to suspend drilling operations at Albacora until its planned 3D seismic acquisition program, originally started in 2009, but suspended at the request of […]

  • 5 April 2012
    Business & Finance

    BPZ Energy , an independent oil and gas exploration and production company, announced today that Mr. Stephen R. Brand and Ms. Jerelyn Eagan have accepted positions as Independent Directors. Their appointments are effective immediately. Mr. Brand has extensive experience in the oil and gas business, starting his career in 1976 as a geologist with Phillips […]

  • 2 October 2013

    BPZ Energy has announced spudding of the A-18D development well at the Albacora field platform, located in offshore Block Z-1 in Peru. Drilling and completion of the well is expected to take up to twelve weeks. Targeted depth of the well will be approximately 12,000 feet subsea. BPZ Energy President and CEO Manolo Zuniga commented, […]

  • 9 June 2015
    Business & Finance

    BPZ Energy an independent oil company with assets in Peru, has announced that its Board of Directors has determined that it is in the best interest of the Company’s stakeholders for the Company to undertake an organized process to attempt to sell, in a single transaction, substantially all of its assets, subject to the necessary approvals […]

  • 23 October 2007

    Inc. d/b/a BPZ Energy announced today that short term contracts have been finalized and signed with the commercial area of the Peruvian Navy to lease two tankers to transport oil to market earlier than scheduled. The two tankers leased from the Navy each have capacity of approximately 6,000 barrels. With the current production facilities and […]

  • 10 March 2015

    BPZ Resources, Inc., an independent oil and gas company with assets in Peru, has filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Texas seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. None of the company’s direct or indirect subsidiaries has […]

  • 17 April 2013
    Business & Finance, Project & Tenders

    BPZ Energy, an independent oil and gas exploration and production company, yesterday provided an operational update for offshore Block Z-1. For the first quarter ended March 31, 2013, average combined production from the Corvina and Albacora fields at offshore Block Z-1 was 1,491 net (2,924 gross) barrels of oil per day (bopd). CORVINA FIELD CX-15 […]

  • 1 March 2013

    BPZ Energy, an independent oil and gas exploration and production company, today announced an update to Block Z-1 operations in Peru. Corvina CX-15 Drilling Preparations for the new CX-15 development drilling campaign continue with some delays deemed necessary to make adjustments to the platform’s draft (submerged depth). As a result, the first well spud is […]

  • 15 November 2011
    Business & Finance

    Shanghai-based Wison Offshore & Marine Ltd., an upstream oil and gas division of the Wison Group, has secured contracts to engineer, procure and construct the world’s first Buoyant Tower drilling and production platform. The  facility, which will be known as the CX-15 platform, will be supplied for BPZ Energy’s Corvina field located offshore Peru. Wison […]

  • 15 November 2011
    Business & Finance

    Shanghai-based Wison Offshore & Marine Ltd., an upstream oil and gas division of the Wison Group, has secured contracts to engineer, procure and construct the world’s first Buoyant Tower drilling and production platform. The  facility, which will be known as the CX-15 platform, will be supplied for BPZ Energy’s Corvina field located offshore Peru. Wison […]

  • 3 May 2012
    Business & Finance, Equipment

    GMC & Horton Wison Deepwater confirm Joint Venture for ground breaking Shallow Water Buoyant Tower Design and Supply – First contract secured and underway

  • 1 October 2012

    BPZ Energy, an independent oil and gas exploration and production company, announced that the hull tower for the CX-15 platform was successfully floated off the transport vessel, uprighted and ballasted. Subsequently, the topside facility was also successfully mated to the hull tower. The CX-15 platform is now anchored at the West Corvina field location, one […]