IMF Grants Argentina Access to $4.7B as Inflation Surpasses 200%
With rampant inflation, the IMF granted Argentina access to $4.7 billion for policies to restore macroeconomic stability, a move that could lead to more international investment, including from oil and gas companies.
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.
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.
Private Equity Firm Voyager Interests Acquires Aegion Coating Services
The acquisition of Aegion Coating Services will help expand Voyager’s presence in the Middle East, South America and Asia.
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.
Harbour to Buy Wintershall Dea’s Global Upstream Assets for $11.2B
Harbour Energy reached an agreement with Wintershall Dea shareholders BASF and LetterOne to buy its upstream assets in Europe, South America, North America and Africa.
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.
Oil Jumps More than 3% on Red Sea Tanker Attack, Reroutings
A Norwegian-owned vessel was attacked in the Red Sea on Dec. 18, causing shipping firms to avoid the route.
Welligence: Healthy Interest in Brazil’s Latest Bid Rounds
A record number of blocks sold in the latest Brazilian bid round, ANP says.
TotalEnergies Expands Acreage Offshore Suriname
The new block comes out of Bid Round 2022-2023 for what Staatsolie refers to as the Demerara Acreage.