The drop in oil demand by refiners at local level and the exports limited to a minimum at global level due to the coronavirus pandemic, pushed storage capacity to the limit in the producing provinces
The British giant said it slumped into a u$s4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. "Our industry has been hit by supply and demand shocks on a scale never seen before," BP's CEO stated
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
President-Elect Donald Trump said that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office
The number of fracturing stages totaled 17,796 throughout 2024 in Vaca Muerta. This figure surpasses the previous record set in 2023 by 20.6%, which saw 14,747 fracturing stages
According to a statement sent to the Comisión Nacional de Valores (CNV), the outstanding bonds to be purchased have a principal value of $756.966 million
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025
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
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
Argentina consolidated a surplus in its energy trade balance last November, driven by a significant increase in hydrocarbon exports and a drop in fuel imports, according to official sources
