The Latest

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.

ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds

As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.

Haynesville DUC Count Questioned as US Gas Production Forecast to Slip

The U.S. Energy Information Administration sees natural gas output falling by 147 MMcf/d in September, but the Haynesville Shale and Appalachia region continue to pump out more gas than last year.

Chevron’s Unconventional Answers to Success

Chevron showcased its plans to safely deliver higher returns and lower its carbon footprint to attendees at URTeC.

URTeC: Shale Production? It’s Complicated.

As the industry continues to adopt new technologies and finetune its approach to developing shale plays, the quest for optimization makes the job more difficult.

Report: Colombia’s Oil, Gas Reserves Running Out

Colombia’s reserves-to-production ratios for oil and gas are now both less than eight years, according to recent data released by the country’s National Hydrocarbon Agency (ANH).

Gaspar: Energy ‘Not Going Out of Style’

Devon is thinking about energy ‘beyond oil and gas’ as it looks to supply future needs.

Ecopetrol Says Permian ‘Strategic’ to Its Portfolio

Colombia state energy giant Ecopetrol, partnered in the Permian Basin with Occidental Petroleum, continues to view its U.S. shale assets as ‘strategic’ within its portfolio.

Permian Paradox: Patterson CEO Says Fewer Rigs Demand More Workers

Patterson-UTI CEO Andy Hendricks said the Lower 48’s hottest play has tapped out the local workforce, requiring the drilling company to bring employees into the Permian Basin.