Category: Companies

Chevron earns 9.13 billion euros in the first half of the year

The American oil company Chevron reported a net profit of $9.935 billion in the first half of the year, a decrease of 21% compared to the same period last year

Petrobras confirms a gas discovery in Colombia

The Brazilian state oil company Petrobras announced that it has confirmed a natural gas discovery at the Uchuva-2 well off the coast of Colombia

Repsol’s profit grows 14% despite drop in gas prices

The Spanish energy company Repsol announced a new share buyback program after reporting a 14% year-on-year increase in profit in the first half of the year

ENAP to invest $83 million over 5 years to increase production in Ecuador

The Chilean state oil company ENAP (Empresa Nacional de Petróleo) will invest approximately $90 million over the next five years to increase crude oil production in Ecuador from Block 46 Mauro Dávalos Cordero (MDC)

YPFB to invest USD 400 million to exploit “mega field” of natural gas

The Bolivian state oil company YPFB will invest around 400 million dollars to drill gas wells and build facilities in a recently discovered “mega” natural gas field, the company reported

Saudi Aramco returns to debt market with dollar bond sale

Saudi state oil giant Aramco made its return to the debt market after a three-year hiatus, joining top companies and governments in the Gulf that have tapped markets this year to fund investments

BP shares drop after weak Q2 operating results

Shares of BP traded lower after the company revealed its operations update for the second quarter of fiscal year 2024, with oil operations expected to be weak following a strong first quarter

Vaca Muerta sets a new activity record

In June, activity in the formation was once again led by YPF, with a total of 886 fractures. They were followed by Argentina’s Vista with 226 fractures and the U.S. company Chevron with 208 fractures

Vista Oil & Gas imports new fracturing equipment to accelerate production in Vaca Muerta

Vista, the second-largest unconventional hydrocarbons operator in Argentina, announced that it will import a second fracturing set to accelerate its activity Vaca Muerta

Russia’s Gazprom reduced gas output to all-time annual low in 2023

Russian energy giant Gazprom Group GAZP.MM cut natural gas production by 13% to an all-time annual low of 359 billion cubic metres (bcm) in loss-making 2023 from 412.94 bcm in 2022, the company said in its annual report