Colombia’s election of leftist Gustavo Petro as its next president creates numerous uncertainties for U.S oil and gas investors and Washington.
Unconventional oil production in Argentina saw a 57% jump from the same time last year. Shale gas production, meanwhile, saw a year-on-year increase of 39%.
APA Corp. Reveals Resources Off Suriname at Krabdagu Well Houston-based APA and partner TotalEnergies continue with exploration and appraisal activities in the lead-up to a final investment decision that would be Suriname’s first major deepwater development.
In a separate filing, Petrobras added that its chief exploration and production officer, Fernando Borges, was appointed interim CEO. Borges will become Petrobras’ fourth CEO since Brazilian President Jair Bolsonaro took office in 2019.
The joint venture between Canada-based Frontera and CGX Energy eyes potential offshore Guyana in hopes of replicating success seen in the nearby Stabroek block.
Energy A&D Transactions from the Week of June 15, 2022 Here’s a snapshot of recent energy deals including Devon Energy’s $856 million bolt-on acquisition of RimRock Oil and Gas in the Bakken plus BP’s exit from the Canadian oil sands.
The government of Trinidad and Tobago has been slow to alter its fiscal regime amid the ongoing reality that the country’s natural gas reserves could run out in less than 10 years, data provided in BP’s Statistical Review of World Energy shows.
Under US Sanctions, Iran and Venezuela Sign 20-year Cooperation Plan The 20-year plan between Iran and Venezuela includes cooperation in the fields of oil, petrochemicals, defense, agriculture, tourism and culture plus the repair of Venezuelan refineries and the export of technical and engineering services.
Hess CEO John Hess, who said the U.S.-based oil producer is “not interested in M&A right now,” shares the key to sustainable production growth from the Bakken shale play to the Guyana-Suriname hotspot.