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.
Permian 2.0? The Case for Argentina’s Vaca Muerta
Argentina’s Neuquén Province Energy Minister Alejandro Rodrigo Monteiro spoke with Hart Energy’s International Managing Editor Pietro D. Pitts in an exit interview about the importance of the Vaca Muerta and how the South American country is building a strong case for the play to be referred to as the Permian 2.0.
Turn Down Service: AICDs Restricting Unwanted Fluids
Autonomous inflow control devices have evolved from a simple on-off switch to reservoir management tools.
Global Energy Watch: Chevron and the US’ Geopolitical Chess Match with Venezuela
To allow Chevron Corp. to recoup outstanding debts in Venezuela, Washington has had to make two risky board moves in a geopolitical chess match with the South American country.
Field Digital Twin Planned for Pre-salt Mero Field
Halliburton is working with Libra Consortium, led by Petrobras, to develop the twin, which will allow the consortium to run “what if” scenarios.
E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
Petrobras Eyes Capex of $102B Under New Strategic Plan
Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
Commentary: LatAm Outlook 2024—Top Five Economies to Watch and Why
In 2024, energy investors interested in Latin America will likely find the most attractive opportunities linked to developments in Argentina, Brazil, Guyana, Mexico and Venezuela. That’s if they can hold their nerves amid ongoing uncertainties mainly tied to politics in many of the countries.