This offshore field, located 60 kilometers off the coast of Tierra del Fuego, has a production capacity of 10 million cubic meters per day, the equivalent of 70,000 barrels of oil per day

Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said

Pemex struck a deal with Mexico-based CME Oil and Gas to reactivate the Bacab and Lum fields, mature wells that are part of the massive Ku-Maloob-Zaap complex

The Brazilian state oil company Petrobras announced that it has confirmed a natural gas discovery at the Uchuva-2 well off the coast of Colombia

The Bolivian state oil company YPFB will invest around 400 million dollars to drill gas wells and build facilities in a recently discovered “mega” natural gas field, the company reported

The President of Bolivia, Luis Arce, announced the discovery of 1.7 trillion cubic feet (TCF) of natural gas in a “mega field” located in the western department of La Paz, making it the “third largest producing field” in the Andean country

In June, activity in the formation was once again led by YPF, with a total of 886 fractures. They were followed by Argentina’s Vista with 226 fractures and the U.S. company Chevron with 208 fractures

China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources

The blockade lasted more than 24 hours and put the supply at risk in Buenos Aires and other points of the gas consumption network at a time of high demand due to low temperatures

Vista, the second-largest unconventional hydrocarbons operator in Argentina, announced that it will import a second fracturing set to accelerate its activity Vaca Muerta