Mercuria and Continental will become equal partners in Phoenix Global Resources. and plan to triple the output to over 100,000 barrels of oil equivalent per day

Argentine oil company YPF projects investments ​of up to $6.2 billion in 2026, above the ‌previous estimate of up to $5.8 billion, CEO Horacio Marin said in a presentation to investors

Total will acquire around four gigawatts of electricity production, mainly solar and wind power in operation or being built in Italy and the Netherlands, as well as solar, wind and battery storage projects in Italy, Britain and Spain

The British energy company said it will sell its UK North Sea business, marking the end of oil production in its home country after six decades of operations. The assets include five production hubs located in the Central North Sea and west of the Shetland Islands

Shell reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion recorded a year earlier, driven by strong trading and refining performance

During the second quarter, GeoPark drilled and completed six wells in the Llanos 34 and Llanos 123 blocks in Colombia, and drilled five wells in Vaca Muerta, which were undergoing hydraulic fracturing at the end of the quarter. The company operated a total of eight rigs, including four drilling rigs and four workover rigs

Oil prices appear to have settled into a ​range of $72 to $75 a barrel, although the market has yet ‌to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil’s state-run oil firm Petrobras

US oil major Chevron has submitted a $13.8 billion investment project in Argentina and requested its inclusion under the Large Investment Incentive Regime (RIGI)

Argentina’s energy trade balance could post a surplus of $11 billion in 2026, according to estimates by state-controlled oil company YPF

State-controlled oil company YPF announced plans to invest $25 billion to “accelerate the export development” of Argentina’s Vaca Muerta unconventional shale formation