Category: Companies

YPF awards Halliburton long-term contract for unconventional well completions

State-owned oil company YPF has awarded U.S. oilfield services provider Halliburton a multi-million-dollar contract to carry out long-term unconventional well completions in Argentina

Tecpetrol, GyP seek RIGI approval for Vaca Muerta project

Oil companies Tecpetrol and GyP have applied for their multi-billion-dollar project in Argentina’s Vaca Muerta unconventional formation to be included under the Large Investment Incentive Regime (RIGI), launched in 2024

US appeals court voids $16.1 billion judgment against Argentina over YPF seizure

A New York appeals court overturned a ruling that had ordered Argentina to pay $16.1 billion in damages over the 2012 nationalization of oil company YPF

Mega seeks RIGI approval for multi-million Vaca Muerta project

According to the company, the $360 million project aims to expand production capacity and boost the development of liquids associated with oil and natural gas from Vaca Muerta

US Court grants Argentina relief in YPF nationalization case

The U.S. Court of Appeals for the Second Circuit accepted Argentina’s emergency request to halt the discovery process related to enforcing a 2023 judgment issued by New York District Judge Loretta Preska

Vista net profit rises 50.5% in 2025

Vista Energy, whose operations are focused on Argentina’s Vaca Muerta unconventional hydrocarbon formation, reported a net profit of $719 million last year, up 50.5% from 2024

YPF reports net loss of $799 million in 2025

State-controlled Argentine oil company YPF reported a net loss of $799 million in 2025, compared with a net profit of $2.393 billion in 2024. .477 billion. Total hydrocarbon production reached 527,000 barrels of oil equivalent per day last year

BP suspends share buybacks to strengthen balance sheet

The British giant posted a $3.4 billion loss in the fourth quarter, compared with a $1.2 billion profit in the previous quarter. The loss included $4.3 billion in adjustments, mainly related to impairments in its gas and low-carbon energy businesses

Shell increases annual profit by 11%

The company reported that its pre-tax income in 2025 decreased by 0.5% to $29.756 billion, while revenue from the sale of property and equipment totaled $1.148 billion, representing a 29.1% year-over-year decline

Trump encourages U.S. oil companies to invest in Venezuela

U.S. President Donald Trump is promising incentives and compensation to oil companies that invest in Venezuela, but the industry remains hesitant due to a “lack of clarity” around support, political uncertainty, and the deterioration of Venezuela’s infrastructure