Argentina’s macro environment will continue to weigh on state-owned shale producer YPF despite strong second-quarter financial results that benefitted from robust commodity prices and a strong recovery in energy demand across the South American country.
Brazil’s Petrobras has selected Keppel Shipyard Limited for the construction of the P-80 FPSO to be installed in the Buzios field in the Santos Basin pre-salt area.
Venezuela is on path to double-digit oil production growth this year compared to last, a feat that last occurred in 2004, according to OPEC data compiled by Hart Energy.
Mexico’s Petroleos Mexicanos (Pemex) continues to flare significant gas volumes amid a lack of regulatory or economic incentive for the company to do the contrary, an analyst with Houston-based Welligence told Hart Energy.
Ecopetrol and Shell boast success at the ultra-deep-water Gorgon-2 well, which confirms the extension of a natural gas province offshore Colombia’s southern Caribbean coast.
The decarbonization plan of Ecopetrol, Colombia’s largest oil and gas producer, includes a commitment to produce 1 million tonnes per annum of green, blue and white hydrogen by 2040.
APA Corp. eyes returning at least $1.8 billion of its capital to shareholders through dividends and share buybacks by year-end while also lowering its production guidance for 2022 by 2%.
Petrobras looks to drastically boost production from Brazil’s presalt and post-salt offshore formation in the next four years with the addition of 14 new FPSO units.
Brazil’s state-owned Petrobras announced further reduction in its gross debt to $53.6 billion and a shareholder remuneration of $16.8 billion to holders of common and preferred shares.
DeNovo Energy is using technologies from natural user interface to asset integrity management to continuous monitor operations at two platforms offshore Trinidad and Tobago.
