Pietro D
Pitts
Hart Energy
Pemex Reports Higher Q3 Production, Lower GHG Emissions
Mexico’s Pemex, still the world’s most indebted energy company, continues to boost production while making significant inroads to reduce flared volumes and greenhouse-gas emissions.
Venezuela’s VP Says Guyana Follows Exxon Mobil Script to Rob Resources
Venezuela’s Vice President Delcy Rodríguez accused Guyana’s president Mohamed Irfaan Ali of following mandates from Exxon Mobil Corp. and the U.S. Southern Command regarding the small English-speaking country’s claims to the disputed Essequibo territory located between the two South American countries.
Cheaper Canadian Oil, Gas Valuations Lure Potential US Buyers North
The largely untapped potential of Canadian shale is a draw for investors.
Chevron CEO: Upstream Returns to be ‘Structurally Higher’ than Downstream
Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.
Despite JV Reports, BP Focused on Organic Growth Not M&A—CEO
BP remains focused on its transformation into an integrated energy company, interim CEO Murray Auchincloss said during a quarterly webcast, ruling out M&A for now despite reports the company was seeking joint venture partners.
Analysis: How Chevron’s Hess Deal Boosts LatAm Position
Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.
Petrobras Reports Rise in Q3 Production
Petrobras reported a near double digit rise in combined production in the third quarter 2023 to 2.88 MMboe/d, owing to better operating performance, new wells and the ramp-up of various offshore platforms.
TotalEnergies Eyes New South America, Africa Cash Flow Potential
TotalEnergies SE CEO Patrick Pouyanné believes recent exploration successes in South America and Africa hold potential to boost the French company’s production and cash flow.
CNOOC’s Enping 18-6 Field in South China Sea Goes Online
CNOOC’S shallow water field production is expected to peak at 9,300 bbl/d in 2024.
CNOOC’s Penglai 19-3 Oilfield Area Project Starts Production
CNOOC’s Bohai Sea project is expected to reach output of nearly 30,000 bbl/d by 2027.