Chevron and Shell join key Argentine pipeline project
U.S. oil giant Chevron and Anglo-Dutch company Shell will join as partners in the consortium building the Vaca Muerta Sur pipeline, a project that will boost Argentina’s crude oil exports
Category: Investments
OPEC: The oil sector needs $17.4 trillion by 2050
The Organization of the Petroleum Exporting Countries (OPEC) reiterated its view that the global oil sector requires $17.4 trillion in investments by 2050, averaging $650 billion per year
YPF, Shell sign agreement for LNG project
The agreement, signed in The Hague, Netherlands, establishes that Shell will join the project, with both parties committing to advance the development of the first phase of the Argentina LNG project
Vaca Muerta Sur: YPF and other oil companies approve its construction
The Argentine oil company YPF announced that its new partnership with three other oil companies has approved the construction of a pipeline for the export of unconventional oil extracted from Vaca Muerta Sur
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
Vista plans to reach 100,000 boe per day output by 2025
The company, led by Miguel Galuccio, will invest between $1.1 billion and $1.3 billion in 2025 to achieve this production level by connecting 60 new wells and will announce a new long-term strategic plan next year
US buys 6 million barrels of oil for Strategic Petroleum Reserve
The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels in an effort to control fuel prices
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
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