Energy producers Santos, Repsol explore sale of stakes in Alaska
Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion
Category: Exploration & Development
US restricts drilling and mining in Alaska wilderness
The Biden administration took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources
US finalizes higher fees for oil and gas companies on federal lands
President Joe Biden’s administration finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there
Petrobras discovers oil deposits in ultra-deep waters of Potiguar basin
This is the second well in Potiguar where the firm has found hydrocarbons. Both finds are still subject to further studies, Petrobras said
Vaca Muerta reaches a new record in March
The number of fracking stages – a technical measure of activity in unconventional reservoirs – reached 1,643 in the third month of this year in Vaca Muerta, according to a report from the Energy Contacts Foundation
YPF approved optimization of its conventional fields portfolio
The board of directors of the oil company YPF approved a plan to optimize its portfolio of conventional fields, which will lead it to focus its investments on more profitable conventional and unconventional areas, the company said in a statement
Vista to invest USD 900 million in Argentina this year
According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024
JPMorgan forecasts an average oil price of $83 per barrel in 2024
JPMorgan, one of the leading global financial services companies, has adjusted its outlook for the oil market, projecting that oil prices will average $83 per barrel in 2024
Norway boosts oil, gas drilling, including in Arctic
Norway awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor, opens new tab, boosting the amount of acreage offered as the country seeks to pump for decades to come
‘Stating that oil must remain underground will lead to energy chaos’
The Secretary-General of OPEC, Haitham al-Ghais, said during a panel discussion at the COP28 climate summit in Dubai that stating that oil has to remain underground will not lead to an energy transition but to energy chaos