Pietro D
Pitts
Hart Energy
Ecoanalítica: Venezuelan Oil Production, Economy to Grow in 2024
Venezuelan consultancy Ecoanalítica expects the OPEC country’s oil production and economy to grow in 2024—aided primarily by a recent license granted to the benefit of oil and gas companies by the U.S. government.
What's Affecting Oil Prices This Week? (Jan. 8, 2024)
For the upcoming week, Stratas Advisors predicts oil prices will bounce upwards with geopolitical news, but the price increase will quickly fade as the oil continues to flow.
Pitts: Is Vaca Muerta Argentina’s Permian?
Can Argentina’s Vaca Muerta Shale play truly garner the title of the Permian 2.0, which is a play that replicates the Permian Basin’s success? Yes, in terms of geology and game-changing potential, but no in terms of eventual production volumes.
Energy Transition in Motion (Week of Jan. 5, 2024)
Here is a look at some of this week’s renewable energy news, including a step forward for BP’s efforts to transform an old oil refinery into a biofuel facility.
Paisie: Prices to Depend on Whether OPEC+ Keeps Cuts in Place
To convince the market of OPEC+’s ability to sway oil prices, the international organization will have to take back control and maintain production cuts at least until the second quarter of 2024.
Angola Leaves OPEC, in Blow to Producer Group
Angola, which joined OPEC in 2007, produces about 1.1 MMbbl/d, compared with 28 MMbbl/d for the whole group.
E&P Highlights: Dec. 18, 2023
Here’s a roundup of the latest E&P headlines, including approval of an amended development plan for the Hebron Field and new decommissioning rules.
Venezuelan Lawmakers Back Extension for PDVSA, Chevron Tie-ups
Venezuela's national assembly approved a 15-year extension for a pair of joint ventures between state-owned oil company PDVSA and U.S. major Chevron.
Venezuela's PDVSA, Chevron Request 15-year Extension for Two Joint Ventures
More investment is needed for PDVSA and Chevron to reach production levels seen before oil sanctions were first imposed in 2019.
Nations Strike Deal at COP28 to Transition Away From Fossil Fuels
After two weeks of negotiations at the COP28 climate summit, nearly 200 countries have reached an agreement to begin reducing global consumption of fossil fuels.