Argentina’s Energy Secretariat said the Vaca Muerta shale formation holds an estimated 30.17 billion barrels of recoverable oil, according to a new technical study

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

US Interio Department said it would lower state bonding requirements for wells to $25,000 per state, down from the $500,000 level established during the Biden administration

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

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

The U.S. government will hold an auction for oil and gas drilling rights in the National Petroleum Reserve in Alaska, the first since 2019, in what marks the latest test of industry interest in developing resources in the state

Repsol, through the joint venture Repsol Sinopec Brasil and in a consortium with TotalEnergies and Shell, has started oil production at Lapa Southwest, located in the Santos Basin

Brazil’s National Agency of Petroleum (ANP) said it will impose conditions before authorizing state-owned oil company Petrobras to resume drilling a controversial offshore well near the mouth of the Amazon River, after operations were suspended on Sunday due to a leak of fluid from company equipment

The United States will control Venezuela’s oil sales for an “indefinite” period and will deposit the proceeds from those transactions into accounts controlled by Washington, U.S. Energy Secretary Chris Wright said

U.S. oil producer Continental Resources has signed an agreement with Pan American Energy (PAE) to develop four areas in the Vaca Muerta region jointly