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, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025
U.S. weekly imports of Mexican crude oil fell to its lowest on record in the first week of April, as Mexico's state energy company Pemex has cut exports to supply more oil to its domestic refineries
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
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
YPF will face "macroeconomic stress" and regulatory framework changes this year, according to a report released by the credit rating agency Moody's on Latin American state-owned enterprises
The president of COP28, Sultan Al Jaber, stated that the China National Petroleum Corp (CNPC) will soon join the commitment of oil and gas companies to reduce methane emissions to zero by 2030 and achieve net-zero emissions before 2050
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)
