Category: Exploration & Development

Eni presses supercomputer power button in bid to speed up oil and gas finds

The move is expected to go a long way towards helping Eni sift through large amounts of data and discover new oil and gas reservoirs, while also helping with its clean energy and decarbonisation calculations

PAE requests to align LNG Project with new investment regime

The oil company Pan American Energy (PAE) has requested that its multi-million-dollar project to export liquefied natural gas (LNG), developed in partnership with the multinational Golar LNG, be included in the recently launched Incentive Regime for Large Investments (RIGI)

Petrobras pitches five-year $111 bln business plan

Petrobras announced that its management proposed to the company’s board a $111 billion business plan for 2025-2029, according to a securities filing

Petrobras brings forward the operation of new offshore platform

Petrobras announced the early operation of a new offshore platform with the capacity to extract up to 100,000 barrels of oil per day (bpd) and 5 million cubic meters of natural gas

OPEC defends strategy supporting all energy sources

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Kuwaiti Haitham al Ghais, defended in Brazil a strategy that supports all energy sources and stated that achieving this requires “adequate” investment over many decades

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

Pemex reaches agreement with drilling company to reactivate Gulf fields

Pemex struck a deal with Mexico-based CME Oil and Gas to reactivate the Bacab and Lum fields, mature wells that are part of the massive Ku-Maloob-Zaap complex

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

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