CHART TALK: Gasoline Prices Soar South of the US-Mexico Border
Drivers in Mexico are paying a hefty 125% premium for gasoline and an average 122% more for diesel compared to their U.S. counterparts, according to Hart Energy analysis.
August 23, 2023
YPF Boosting Production—and Debt
Argentina’s state-owned energy giant YPF SA boosted its total production in the second quarter, driven mainly by robust shale operations, but the company reported lower net income while its debt continues to rise.
August 22, 2023
Q&A: US Sanctions Ravage Venezuelans as Democracy Withers [WATCH]
Datanalisis President Luis Vicente León spoke with Hart Energy about the realities of U.S. sanctions on Venezuela to force free elections and the results: President Nicolás Maduro’s chief political rival is barred from holding office.
August 22, 2023
Ecopetrol Set to Drill Orca Norte 1 Offshore Well
Colombia’s Ecopetrol S.A. is preparing to drill the Orca Norte-1 delimiting well in the fourth quarter 2023 to verify the resource potential of the company’s December 2014 discovery.
August 17, 2023
Repsol Optimizing Venezuelan Gas, Focused on US Consolidation
Spain’s Repsol S.A. has an eye on optimizing its Venezuelan natural gas production as well as consolidating the U.S. as a key growth area, according to the company’s CEO and executive director Josu Jon Imaz San Miguel.
August 16, 2023
Venezuela’s Burning Through Gas and Cash
Home to the world’s seventh-largest natural gas reserves, the OPEC member has a massive flaring problem which, if resolved, could allow it to monetize its onshore associated gas production.
August 11, 2023
Ecopetrol’s Permian JV Production Leads in Absolute Growth
Colombia’s state-owned Ecopetrol SA reported a 61% drop in net income in the second quarter 2023 compared to the second quarter 2022 amid lower commodity prices, while in the Permian its operations lead the company’s production increases in absolute terms.
August 11, 2023
Shell Eyes Adding 8.6 mtpa to Portfolio Beyond 2025
European energy giant Shell plc looks to add around 8.6 mtpa of net liquefaction capacity to its portfolio through four projects spanning three continents beyond 2025.
August 10, 2023
Commentary: Venezuelan Gas, Trinidad and the US Meddling in the Middle
Gas-rich Venezuela on its own is unable to monetize its reserves abroad while neighboring Trinidad and Tobago is short of gas to feed its LNG, methanol and ammonia export facilities. And an agreement to appease both governments isn’t easy especially with Washington meddling in the middle.
August 9, 2023
APA Corp.’s Confidence Grows in Developing Suriname Oil Hub
APA Corp.’s confidence is growing offshore Suriname, where the company sees the potential to develop the South American country’s first offshore oil hub while it continues to run five rigs in the Permian Basin.
August 7, 2023