Category: Investments

Continental Resources to buy 50% of Phoenix Global Resources

Mercuria and Continental will become equal partners in Phoenix Global Resources. and plan to triple the output to over 100,000 barrels of oil equivalent per day

YPF ups 2026 investment estimate to $6.2 billion

Argentine oil company YPF projects investments ​of up to $6.2 billion in 2026, above the ‌previous estimate of up to $5.8 billion, CEO Horacio Marin said in a presentation to investors

TotalEnergies to buy Shell’s wind and solar businesses in Europe

Total will acquire around four gigawatts of electricity production, mainly solar and wind power in operation or being built in Italy and the Netherlands, as well as solar, wind and battery storage projects in Italy, Britain and Spain

Chevron applies for Argentina RIGI program with $13.8 billion investment plan

US oil major Chevron has submitted a $13.8 billion investment project in Argentina and requested its inclusion under the Large Investment Incentive Regime (RIGI)

YPF unveils $25 billion investment project in Vaca Muerta

State-controlled oil company YPF announced plans to invest $25 billion to “accelerate the export development” of Argentina’s Vaca Muerta unconventional shale formation

Vista Energy completes acquisition of Equinor assets in Vaca Muerta

Vista Energy finalized the acquisition of Equinor’s assets in Argentina’s Vaca Muerta shale formation in a deal valued at $712 million. The transaction gives the company led by Miguel Galuccio non-operated stakes in two shale oil blocks in the Neuquén Basin

Shell to acquire Canada’s ARC in output-boosting $16.4 billion deal

Anglo-Dutch oil major Shell said it has agreed to acquire Canadian company ARC Resources for $16.4 billion, a deal that strengthens its strategy to expand in shale gas and its presence in North America

Pluspetrol, GyP seek RIGI approval for multi-billion Vaca Muerta project

According to the Neuquén provincial government, the companies are seeking approval for a $12 billion investment project to develop the Bajo del Choique–La Invernada area

YPF awards Halliburton long-term contract for unconventional well completions

State-owned oil company YPF has awarded U.S. oilfield services provider Halliburton a multi-million-dollar contract to carry out long-term unconventional well completions in Argentina

Tecpetrol, GyP seek RIGI approval for Vaca Muerta project

Oil companies Tecpetrol and GyP have applied for their multi-billion-dollar project in Argentina’s Vaca Muerta unconventional formation to be included under the Large Investment Incentive Regime (RIGI), launched in 2024