Category: Companies

Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said

Tecpetrol to put new drilling rig into operation at Fortín de Piedra

Tecpetrol, the Argentine company that controls about 15% of the country’s shale gas production, will soon put a new drilling rig into operation at Fortín de Piedra, the company’s CEO, Ricardo Markous, told industry executives in Houston

Vista to invest USD 1.1B to boost production in Vaca Muerta

Vista, Argentina’s second-largest unconventional oil and gas operator, plans to invest around $1.1 billion in 2024 to accelerate production in Vaca Muerta, the company’s founder and CEO, Miguel Galuccio said

Qatar negotiates possible purchase of Rosneft stake in German refinery

Qatar is in talks with the German government about a possible purchase of Russian energy group Rosneft’s stake in the German refinery PCK Schwedt, which Berlin placed under trusteeship following Russia’s invasion of Ukraine

Exxon: Oil will remain “essential” in 2050 due to industrial use

The largest U.S. oil company, Exxon Mobil, stated that oil and natural gas “will remain essential” in 2050, despite climate goals and changes in energy demand, due to their increasing use in the industrial sector

Chevron earns 9.13 billion euros in the first half of the year

The American oil company Chevron reported a net profit of $9.935 billion in the first half of the year, a decrease of 21% compared to the same period last year

Petrobras confirms a gas discovery in Colombia

The Brazilian state oil company Petrobras announced that it has confirmed a natural gas discovery at the Uchuva-2 well off the coast of Colombia

Repsol’s profit grows 14% despite drop in gas prices

The Spanish energy company Repsol announced a new share buyback program after reporting a 14% year-on-year increase in profit in the first half of the year

ENAP to invest $83 million over 5 years to increase production in Ecuador

The Chilean state oil company ENAP (Empresa Nacional de Petróleo) will invest approximately $90 million over the next five years to increase crude oil production in Ecuador from Block 46 Mauro Dávalos Cordero (MDC)

YPFB to invest USD 400 million to exploit “mega field” of natural gas

The Bolivian state oil company YPFB will invest around 400 million dollars to drill gas wells and build facilities in a recently discovered “mega” natural gas field, the company reported