Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Argentina's Vaca Muerta Shale Formation Drives Record Oil Production in February
Argentina's Neuquen province hit a record for daily oil production in February.
New Fortress Energy Acquires 1.6 GW Capacity Reserve Contract
New Fortress Energy now has over 2.2 gigawatts of contracted power at Barcarena, Brazil, after acquiring a contract from Ceiba Energy.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
E&P Highlights: March 4, 2024
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
Deadline in Trinidad and Tobago’s Bid Round Extended
Bids for the 13 shallow water blocks offshore Trinidad and Tobago are now due on May 27.
APA’s Permian to Pick up Production Slack Amid Overseas Headaches
With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.
Energy Transition in Motion (Week of Feb. 23, 2024)
Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.