Category: Companies

Phoenix Global Resources confirms major investment in Vaca Muerta

Phoenix Global Resources confirmed a multi-billion-dollar investment in Vaca Muerta in southwestern Argentina, after terminating an agreement signed a year ago with Colombia’s GeoPark

Petrobras announces new deepwater discovery

Brazilian oil company Petrobras announced that it has discovered “high-quality” oil in the ultra-deep waters of the Santos Basin, in the Atlantic Ocean

YPF expects to complete divestment from mature fields by Q3

Argentina’s state-controlled oil company YPF expects to complete its divestment from mature conventional production fields by the third quarter of 2025, CEO Horacio Marín said

Pampa Energía begins natural gas exports to Chile’s Biobío region

Pampa Energía has exported natural gas to Chile’s Biobío region for the first time, using the Pacific Gas Pipeline that connects Argentina’s Neuquén province with its neighboring country, the company announced in a statement

YPF cuts gasoline, diesel prices by 4%

YPF, the leading company in Argentina’s fuel market with over 50% share, has announced an average 4% reduction in gasoline and diesel prices nationwide

Argentina’s YPF rules out building land-based LNG plant, local media reports

Argentina’s state-run oil firm has ruled out building an onshore natural gas liquefaction plant, opting instead to rely on floating vessels for this process, YPF’s chief executive said

Russian order slashes Kazakh oil export capacity amid OPEC+ row

Russia has ordered the Black Sea terminal handling Kazakhstan’s oil exports pumped by U.S. majors Chevron and Exxon Mobil to close two of its three moorings amid a standoff between Kazakhstan and OPEC+ over excess production

Trump revokes permits for oil companies exporting Venezuelan crude

U.S. President Donald Trump has notified the partners of Venezuela’s state oil company PDVSA—including Spain’s Repsol—that their permits to export crude oil and derivatives from Venezuela have been canceled

YPF expands with four new areas in Vaca Muerta

The Argentine state-controlled oil company has acquired four new oil and gas concessions in the massive Vaca Muerta shale formation and plans to invest $12.9 billion for large-scale development

Chevron and Shell join key Argentine pipeline project

U.S. oil giant Chevron and Anglo-Dutch company Shell will join as partners in the consortium building the Vaca Muerta Sur pipeline, a project that will boost Argentina’s crude oil exports