The Brazilian oil company has signed a contract with the multinational Seatrium O&G Americas to acquire two new offshore platforms to expand production in deepwater areas

The oil companies YPF and Compañía General de Combustibles (CGC) have completed the drilling of the first exploratory well in Palermo Aike, the second-largest unconventional hydrocarbon reserve in the country

According to BRICS News, this reserve could contain up to 511 billion barrels of oil, significantly surpassing the North Sea’s production over the last five decades

Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion

The Biden administration took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources

President Joe Biden’s administration finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there

This is the second well in Potiguar where the firm has found hydrocarbons. Both finds are still subject to further studies, Petrobras said

The number of fracking stages – a technical measure of activity in unconventional reservoirs – reached 1,643 in the third month of this year in Vaca Muerta, according to a report from the Energy Contacts Foundation

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

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