Category: Exploration & Development

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 to auction oil and gas leases in Alaska reserve

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, TotalEnergies, Shell to start production at Lapa Southwest in Brazil

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 sets conditions for drilling near the Amazon River 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

U.S. to control Venezuela’s oil sales for an “indefinitely”

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

Continental partners with PAE in Vaca Muerta

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

Canada moves forward with a new pipeline project

The memorandum of understanding outlines a plan for a pipeline running from Alberta to the Pacific coast to boost oil exports to Asia, in line with Carney’s goal of expanding foreign trade to offset the impact of the trade war launched by U.S. President Donald Trump

YPF, ENI to explore offshore Uruguay

Covering approximately 17,000 square kilometers with a maximum water depth of 4,100 meters, OFF-5 is located “in a strategic area due to its geological potential,” Argentina’s largest oil and gas producer highlighted

Petrobras to complete drilling of well off the Amazon in five months

“This is the fifth-deepest well Petrobras has ever drilled, and it is a pioneer well in an unexplored area. That requires great care,” said Sylvia Anjos, Petrobras’ Exploration and Production director, at a press conference