Category: Companies

ExxonMobil held tense backchannel talks with Rosneft over Russia return

Exxon Mobil Corp has held confidential negotiations with Russian state energy giant Rosneft regarding a potential return to the Sakhalin-1 project, according to The Wall Street Journal

Fluxus enters Argentina, will operate in Vaca Muerta

The agreement sets that Fluxus must make an initial investment of 21.3 million dollars for the reactivation of 54 wells between 2026 and 2027, as well as for the maintenance of existing facilities

YPF to invest USD400 million in sustainable jet fuel venture

Argentine state oil firm YPF will invest around $400 million as part of a new joint venture to produce and sell sustainable aviation fuel (SAF)

YPF purchases Total Austral’s stake in Vaca Muerta for USD 500 million

The acquired blocks in Vaca Muerta, “La Escalonada” and “Rincón La Ceniza,” have active unconventional exploitation concessions valid until 2051

BP announces largest oil, gas discovery in 25 years in Brazil

The company stated that it drilled the 1-BP-13-SPS exploration well in the Bumerangue block, in the Santos Basin, 404 kilometers (218 nautical miles) off the coast of Rio de Janeiro, at a depth of 2,372 meters

TotalEnergies’ profits fall to lowest level in 4 years

Adjusted net income fell to $3.6 billion for the quarter ending June 30, down from $4.7 billion a year earlier and $4.2 billion in the first quarter

Argentina to appeal U.S. Judiciary to suspend transfer of YPF shares

Argentina will file a request this Tuesday in U.S. courts to suspend the order related to the multi-billion-dollar lawsuit over the 2012 nationalization of Yacimientos Petrolíferos Fiscales (YPF), seeking to postpone the transfer of the company’s shares as ordered by New York Judge Loretta Preska

US supports Argentina in lawsuit against the nationalization of YPF

company YPF.

The U.S. Department of Justice has notified the New York Court of Appeals that it will appear in the case as an amicus curiae (friend of the court) in favor of Argentina, local media reported

US judge delays turnover of Argentina’s 51% YPF stake to allow appeal

A U.S. judge temporarily halted the enforcement of an order requiring Argentina to hand over its 51% stake in oil and gas company YPF to satisfy a $16.1 billion court judgment partially

Pampa Energía requests inclusion in RIGI for project in Vaca Muerta

Pampa Energía announced that it has requested inclusion in an incentive regime to build an oil and gas treatment plant at its Rincón de Aranda field, with an investment of $426 million