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Nov 7 (Reuters) - Argentine state-controlled energy company YPF (YPFDm.BA), opens new tab swung to a net loss of $198 million in the third quarter, the company said on Friday, saying the loss reflected a deferred tax charge. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a key measure of industry profitability, stood at... Continue Reading →
Nov. 6 - Petrobras achieved a net profit of R$ 32.7 billion (US$ 6 billion) in the third quarter of 2025. Compared to the second quarter of 2025, profit grew by 23%. The operational performance of this quarter, driven by oil and gas production of 3.14 MMboed (million barrels of oil equivalent per day), led... Continue Reading →
Nov 4 (Reuters) - Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale process for its Castrol lubricants unit, the centre-piece of... Continue Reading →
Oct 31 (Reuters) - Chevron beat analyst estimates on Friday as record oil and gas production, boosted by its $55 billion acquisition of Hess, and stronger refining margins lifted the No. 2 U.S. oil producer's results for the third quarter. Adjusted earnings for the three-month period ended September 30 were $3.6 billion or $1.85 per share,... Continue Reading →
Oct. 3 (PN) The consortium formed by Heftos, a subsidiary of Azevedo & Travassos, and Colares Linhares announced that it has signed a contract with Petrobras for the construction of the Hydrogen Generation Unit at the Boaventura Complex (formerly Comperj), in Itaboraí, Rio de Janeiro. The contract is worth R$1.76 billion. The contract provides for... Continue Reading →
Sept. 30 (oilprice) Billionaire Carlos Slim’s Grupo Carso SAB has signed a $1.99 billion contract with state oil company Pemex to drill 32 wells at the Ixachi natural gas field in Veracruz over the next three years. The Ixachi field, one of Mexico’s most important onshore deposits, currently produces about 93,000 barrels of oil and... Continue Reading →
Aug 8 (Reuters) - Hopes among foreign energy companies that Colombia's coast could serve as a key source of oil and gas for the future are being dashed as many exploration projects lag expectations, with unwelcomed regulation further deflating optimism. The disappointing finds and regulatory roadblocks are pushing some energy firms to abandon the Andean nation for... Continue Reading →
Aug 7 (Reuters) - Argentina's state-controlled energy company YPF on Thursday reported a nearly 90% plunge in second-quarter net profit to $58 million, dragged down by lower fuel prices. Revenues dropped 6% from a year earlier to $4.64 billion, as softer prices for refined products and lower seasonal demand for naphtha weighed on sales. YPF's performance... Continue Reading →
Petrobras announces that its Board of Directors, at a meeting held today, approved, within the scope of the strategic elements of the company's Strategic Plan, the inclusion of Petrobras' Positioning in Distribution in the Downstream and G&E and Low Carbon segments, under the following terms: • Positioning in Distribution: Operate in profitable businesses and partnerships... Continue Reading →
Aug 5 (Reuters) - Mexico's government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by a series of measures to bring down debt and stabilize production. Mexican President Claudia Sheinbaum, flanked by her energy and finance ministers and the chief executive... Continue Reading →
