Category: Production

Exxon and Chevron quarterly balance exceeds expectations

Chevron earned USD 14.422 billion in the first 9 months of the year compared to the figure recorded in 2023, while Exxon Mobil earned USD 26.070 billion in the same period

Argentina completes pipeline to deliver gas to the central-northern region, Brazil

Argentina inaugurated the reversal of the Gasoducto Norte pipeline, which will now supply northern and central Argentina as well as allow exports to Brazil from Vaca Muerta

OPEC positive on global oil demand, sees no peak on horizon

The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu Dhabi

OPEC+ could delay December oil output hike, sources say

OPEC+ could delay December’s planned increase to oil production by a month or more, sources close to the matter said, citing concern about soft oil demand and rising supply

Petrobras: Output falls 8.2% in 3Q

Petrobras’ oil production dropped 8.2% year-over-year in the third quarter to 2.13 million barrels per day (bpd), reported the company

Aramco CEO sees average demand of 104.5 mln bpd in 2024

The oil market is currently balanced and demand is expected to average 104.5 million barrels per day this year, the CEO of Saudi Arabian oil giant Saudi Aramco said

Oil prices plunge more than 5%

Oil prices have plunged more than 5% after Israel’s weekend airstrikes on Iran targeted military objectives, avoiding oil and nuclear facilities

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

As US Permian crude turns lighter, it risks losing favor with refiners

Companies drilling for the crude that turned the U.S. into the world’s top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners

Indian oil minister hopes global oil prices will come down

India’s oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market