Category: Exploration & Development

Pampa Energía requests inclusion in RIGI for project in Vaca Muerta

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

Petrobras, Chevron win blocks in Foz do Amazonas auction

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

YPF to drill three exploratory wells in the Palermo Aike formation

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 sets record activity in May

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

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

Brazil: Shell plans drilling operation and new field development in 2025

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 […]

Trump says he will revoke Biden offshore drilling ban immediately

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

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

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

Vaca Muerta achieves record activity in 2024

The number of fracturing stages totaled 17,796 throughout 2024 in Vaca Muerta. This figure surpasses the previous record set in 2023 by 20.6%, which saw 14,747 fracturing stages

Eni presses supercomputer power button in bid to speed up oil and gas finds

The move is expected to go a long way towards helping Eni sift through large amounts of data and discover new oil and gas reservoirs, while also helping with its clean energy and decarbonisation calculations