Category: Companies

Argentina launches crucial tender for the YPF-Petronas LNG project

YPF has announced the launch of a key tender for the development of a multi-billion-dollar project in partnership with Malaysian company Petronas to produce and export liquefied natural gas (LNG)

Petrobras reports a 6% decline in the fourth quarter

For the entire year 2023, the company’s recurring net income of 136.0 billion reais exceeded analysts’ estimate of 125.0 billion reais surveyed by LSEG, but represented a 24.2% decline compared to the previous year

YPF’s investment to reach USD 5 billion in 2024

The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

YPF approved optimization of its conventional fields portfolio

The board of directors of the oil company YPF approved a plan to optimize its portfolio of conventional fields, which will lead it to focus its investments on more profitable conventional and unconventional areas, the company said in a statement

ExxonMobil weighs offers for Argentina shale assets

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region

Vista to invest USD 900 million in Argentina this year

According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024

TotalEnergies sells gas stations in 4 European countries

TotalEnergies announced that it has received 3.4 billion euros in cash from the sale of its gas station network in Germany, the Netherlands, Belgium, and Luxembourg to the Canadian group Couche Tard

Chevron to take up to $4 billion in charges in Q4

Chevron said it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold

Exxon Mobil foresees an increase in spending on projects and a rise in production

Exxon Mobil will target annual spending on projects between $22 billion and $27 billion until 2027, the company said in an update that largely continues with existing spending and production goals

Petronas makes another discovery off the coast of Suriname

This marks the second discovery by the company in Block 52, with the first one in 2020, confirmed by Petronas Suriname E&P, a subsidiary of Petronas, and Suriname’s national oil company, Staatsolie