Category: Exploration & Development

Saudi Aramco discovers two new oil and gas fields

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said

Venezuela restarts gasoline output at Cardon refinery reformer unit

The move will provide partial relief to widespread fuel shortages in the once-prosperous OPEC nation, whose 1.3 million- bpd refining network is mostly halted because of years of underinvestment and lack of maintenance

Brazil pushes new rounds of oil exploration tenders to 2021 and 2022

The seventeenth round of bidding was scheduled to take place in November this year, while the eighteenth round was slated for 2021

Trump administration finalizes oil drilling plan in Alaska wildlife refuge

The Trump administration finalized a plan to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, putting it on track to issue decades-long leases in the pristine wilderness area before a potential change in US leadership

BP poised to sell assets even if oil prices rally

BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy

Mexico’s proven oil reserves up 2% to reach more than 8 bln barrels

Mexico’s oil regulator said the country’s total proven oil reserves as of Jan. 1 stood at 8.062 billion barrels of oil equivalent (boe), up 2.1% from a year earlier

Norway plans big expansion of Arctic oil exploration

The government will auction up to 136 new oil exploration blocks in a major licensing round, with 125 of those in the Arctic Barents Sea, a relatively unspoiled corner of the planet

José Luis Manzano: “Vaca Muerta continues to be an opportunity”

During the second day of the XXIX edition of La Jolla Energy Conference 2020, the head of Integra Capital, José Luis Manzano, analyzed the current outlook of the energy industry in Argentina and highlighted the importance of Vaca Muerta

Vaca Muerta: Oil and gas output climb in the last 12 months

The report published by the IAE highlights that the oil output of the basins in Argentina grew 3.2% in March, compared to the same month last year, and accumulated a 3.7% increase in the last 12 months

YPF authorized to transfer 50% offshore exploration licence to Equinor

The government authorized YPF to transfer 50% of an offshore exploration licence to the Norwegian firm Equinor, with the Resolution 55/2020 of the Energy Secretariat published in the Official Gazette