Category: Investments

Repsol explores sale of minority stake in South Texas oil assets

Repsol is open to selling as much as a 49% interest in the assets, which include over 800 producing wells spread across about 80,000 net acres with production of about 50,000 barrels of oil equivalent per day

ConocoPhillips to buy Marathon Oil

ConocoPhillips, considered one of the largest oil companies in the United States, has agreed to acquire its smaller rival Marathon Oil for $17.1 billion in stock plus an additional $5.4 billion in debt

US oil and gas M&A hits quarterly record after blockbuster 2023

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said

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)

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

Petrobras will invest in the decarbonization technology HISEP

Brazilian state-owned oil company Petrobras and its partners will invest around $1.5 billion to implement decarbonization technology in one of its fields, informed the company’s CEO

Major oil companies are adjusting their portfolios with $30 per barrel in mind

Major oil companies are focusing on new fields that can be profitable even if prices fall to around $30 per barrel, leveraging a third consecutive year of demand growth to adjust their portfolios amid uncertainty about the sector’s future

YPF will focus on Vaca Muerta to increase its value

The oil company YPF will focus over the next four years on its areas within the massive Vaca Muerta unconventional hydrocarbon formation in the southwest of the country

Global energy transition to require an annual investment of $4.1 trillion by 2050

According to EY’s latest report, solar and wind energy will power “almost everything” for the next decade. Renewables, in general, will align supply with demand, and oil and gas will become more environmentally friendly