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(Reuters) - Argentine officials celebrated the formal kick off of a major natural gas pipeline on Monday, a project that will provide supply from the country's booming shale development to both homes and businesses as well as eventually allowing for exports. The start of operations for the Northern Natural Gas Pipeline, originating in western Neuquen... Continue Reading →
(ofshore-energy.biz) Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is underway at the AREA OFF-3 block to secure... Continue Reading →
(oilprice.com) Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral industry. Using experience from already strong energy sectors, can countries such as... Continue Reading →
(offshoreWIND.biz) Norway’s Deep Wind Offshore has submitted an application for an area lease to develop one floating and one fixed-bottom offshore wind project along the Chilean coastline. The Chilean government has set a target of 60 per cent of the country’s electricity to be generated from renewable sources by 2030. By 2040, the annual electricity... Continue Reading →
(Reuters) - Chevron Corp beat Wall Street estimates for third-quarter profit on Friday, helped by higher oil and gas output, but its earnings fell from a year ago. The U.S. company, whose proposed $53-billion takeover of Hess has been delayed due to a challenge by rivals Exxon and CNOOC Ltd , reported an adjusted profit of $4.53 billion, compared to... Continue Reading →
(Reuters) - Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on gasoline and diesel. But Exxon's year-over-year profit fell 5%,... Continue Reading →
(Reuters) - French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings. Adjusted net income was down 37% from a year earlier and 12.7% lower from the previous quarter's $4.7 billion. The result just missed analyst expectations of $4.2 billion. Adjusted... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, further to the Announcements to the Market of January 29th 2020, May 27th 2021 and July 26th 2023, hereby informs that the District Court of Rotterdam ("Court") today handed down a favorable judgment on its main arguments in the collective action filed by the Stichting Petrobras Compensation Foundation ("Foundation") against... Continue Reading →
(Reuters) - Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results. The results, together with a drop in debt and strong cash flow, could lift investor confidence in CEO Wael Sawan's efforts to boost... Continue Reading →
(OM) Challenger Energy has completed the transfer of a 60% interest in the AREA OFF-1 block offshore Uruguay to Chevron subsidiary Chevron Mexico Finance LLC, Sucursal Uruguay. All approvals for the transaction have come through from the Uruguayan regulatory authorities. Challenger has received a cash payment of $12.5 million and retains a 40% interest in the block, with Chevron... Continue Reading →
Brazil Energy Insight 