Argentine state-owned oil company YPF and Italy’s Eni have reached an agreement with the investment arm XRG of Abu Dhabi National Oil Company (ADNOC) to join Argentina’s liquefied natural gas (LNG) project

Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation

In total, 100,000 cubic meters of natural gas entered Brazil via pipelines passing through Bolivia, to test the “commercial and operational framework” of the agreement

Argentina’s state-controlled oil company YPF has begun drilling three new exploratory wells in Palermo Aike, the country’s second-largest unconventional hydrocarbon reserve after Vaca Muerta

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