Category: Companies

YPF, Shell on track to sign an agreement to keep the mega LNG project alive

Argentina’s Chief of Staff, Guillermo Francos, mentioned that YPF will sign the agreement with one of the world’s largest companies, valued at $140 billion. The contract will span 20 years

Chevron to sell assets worth $6.5 billion to Canadian Natural Resources

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said as it puts in motion its divestiture plan

YPF to lower fuel prices in October

The oil company said in a statement that it will lower its fuel prices starting on October 1, although a tax increase and the devaluation of the peso will limit the impact on retail prices

YPFB: Gas exports to Argentina end in September

Bolivia’s natural gas exports to Argentina will come to an end this month, following local media reports indicating that the neighboring country’s exports had been halted

TotalEnergies begins production at Fénix gas field

This offshore field, located 60 kilometers off the coast of Tierra del Fuego, has a production capacity of 10 million cubic meters per day, the equivalent of 70,000 barrels of oil per day

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said

Tecpetrol to put new drilling rig into operation at Fortín de Piedra

Tecpetrol, the Argentine company that controls about 15% of the country’s shale gas production, will soon put a new drilling rig into operation at Fortín de Piedra, the company’s CEO, Ricardo Markous, told industry executives in Houston

Vista to invest USD 1.1B to boost production in Vaca Muerta

Vista, Argentina’s second-largest unconventional oil and gas operator, plans to invest around $1.1 billion in 2024 to accelerate production in Vaca Muerta, the company’s founder and CEO, Miguel Galuccio said

Qatar negotiates possible purchase of Rosneft stake in German refinery

Qatar is in talks with the German government about a possible purchase of Russian energy group Rosneft’s stake in the German refinery PCK Schwedt, which Berlin placed under trusteeship following Russia’s invasion of Ukraine

Exxon: Oil will remain “essential” in 2050 due to industrial use

The largest U.S. oil company, Exxon Mobil, stated that oil and natural gas “will remain essential” in 2050, despite climate goals and changes in energy demand, due to their increasing use in the industrial sector