South America

Acquisitions & Divestitures , Shale Plays

GeoPark to Acquire Interests in Vaca Muerta

GeoPark Ltd. entered into a binding offer to acquire a non-operated working interest in Argentina’s Neuquen Basin’s Vaca Muerta Formation as it extends its reach across Latin America.

April 11, 2024

Crude Oil , Pipelines

US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten

Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.

April 10, 2024

Field Development , International , Legislation

Pitts: Heavyweight Battle Brewing Between US Supermajors in South America

Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.

April 9, 2024

Emissions , Technology , Methane , CERAWeek

Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost

Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.

April 8, 2024

International , Crude Oil

US Decision on Venezuelan License to Dictate Production Flow

The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.

April 5, 2024

Crude Oil , Natural Gas , Unconventional , Conventional , International

CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential

Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.

March 28, 2024

Exploration & Production , Crude Oil , Natural Gas , International , CERAWeek

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.

March 26, 2024

Liquefied Natural Gas (LNG) , Crude Oil

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.

March 22, 2024

Acquisitions & Divestitures

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.

March 20, 2024

Finance , Investment , Crude Oil

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.

March 18, 2024