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

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

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

A consortium led by Brazil’s state-run oil company Petrobras, which includes ExxonMobil, was awarded five blocks in the controversial Foz do Amazonas basin during an auction held by the national energy regulator ANP

The oil company has signed a commitment with the province of Santa Cruz to drill three exploratory wells this year in the unconventional hydrocarbon formation Palermo Aike

Vaca Muerta achieved a new record level of activity in May, according to industry sources. The number of fracture stages in Vaca Muerta during the fifth month of the year reached 2,588

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

Shell, the second-largest oil producer in Brazil with an average of 450,000 barrels of crude per day last year, announced plans for a drilling operation in one of its concessions and the development of a new oil field in the country by 2025. The development of the new field, called Gato do Mato, depends on […]

President-Elect Donald Trump said that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office

US President Joe Biden has announced a ban on new offshore oil and gas drilling along most of America’s coastline, weeks before Donald Trump takes office