Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country. ExxonMobil and its partner Hess Corporation launched oil Continue Reading
Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d maximum capacity, up from 435,000 Continue Reading
Argentina’s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country’s economic revival. Argentina has some Continue Reading
Drillers in Argentina have sought for years to replicate the success of the U.S. shale boom in its huge oil and gas deposits in the Vaca Muerta shale play. The Continue Reading
Venezuela’s PDVSA produced between 926,000 and 965,000 bpd of crude oil last month, up by as much as 20 percent from the previous month when the average was 761,000 bpd, Continue Reading
YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global Continue Reading
Venezuela has released six Citgo executives who were arrested and sent to jail on charges of corruption two years ago, Reuters reports , citing unnamed sources. The prison sentences have Continue Reading
Brazil is carrying on with its plans to drill in the prolific pre-salt area even after UN leaders today urged countries to steadfastly curb emissions of “climate-altering” gases that stem Continue Reading
Highlights AES, Engie commit to accelerated shutdown plan Chile wants to be carbon neutral by 2040 Santiago, Chile — Engie will close its newest power plant in Chile after just Continue Reading
Argentina’s YPF has drilled the longest horizontal well to date in the oil window of Vaca Muerta, where the state-backed energy company is focusing its investment for oil and natural Continue Reading
