South America

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

Investment , Exploration & Production , Lithium

M4E Lithium Closes Funding for Brazilian Lithium Exploration

M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.

March 15, 2024

Reservoir Evaluation , Field Development , Deepwater , Seismic

E&P Highlights: March 4, 2024

Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.

March 4, 2024

Discoveries , Emerging Plays , International , Policy & Regulations , Crude Oil , Natural Gas

Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest

Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.

March 4, 2024

Exploration & Production

Deadline in Trinidad and Tobago’s Bid Round Extended

Bids for the 13 shallow water blocks offshore Trinidad and Tobago are now due on May 27.

February 29, 2024

International , Natural Gas , Crude Oil , Liquefied Natural Gas (LNG) , Shale Plays

APA’s Permian to Pick up Production Slack Amid Overseas Headaches

With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.

February 26, 2024

Renewables , Energy Storage , Solar , Wind , Hydrogen

Energy Transition in Motion (Week of Feb. 23, 2024)

Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.

February 23, 2024