The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

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

Brazilian state-owned oil company Petrobras and its partners will invest around $1.5 billion to implement decarbonization technology in one of its fields, informed the company’s CEO

Major oil companies are focusing on new fields that can be profitable even if prices fall to around $30 per barrel, leveraging a third consecutive year of demand growth to adjust their portfolios amid uncertainty about the sector’s future

The oil company YPF will focus over the next four years on its areas within the massive Vaca Muerta unconventional hydrocarbon formation in the southwest of the country

According to EY’s latest report, solar and wind energy will power “almost everything” for the next decade. Renewables, in general, will align supply with demand, and oil and gas will become more environmentally friendly

The head of Brazil’s state oil firm Petrobras said it will sign a memorandum of understanding with mining giant Vale to study potential joint ventures in renewable energy, even as looks to new suppliers for diesel

Vista, the second-largest producer of unconventional oil in Argentina, plans to put a total of 138 new “shale oil” wells into production between 2024 and 2026

Brazilian state-run oil company said it has decided to halt some key asset sales after concluding a broad revision of divestment processes, which were launched during the country’s previous administration

Britain committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent