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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 →
Aug. 7 (oilnow.gy) The Noble Valiant has been added as the second drillship for TotalEnergies’ offshore Suriname campaign, the company announced in its latest fleet status report. The vessel will support development drilling in Block 58, where the French major and APA Corporation have sanctioned the GranMorgu project. Built in 2014, the Noble Valiant is capable of... Continue Reading →
(oilprice.com) Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very... 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 →
July 29, 2025 - Petrobras average production of oil, NGL and natural gas was 2.91 MMboed in 2Q25, 5.0% higher than 1Q25. This performance was mainly due to the ramp-up of FPSOs Almirante Tamandaré, in Búzios field, Maria Quitéria, in Jubarte field, Anita Garibaldi and Anna Nery, in Marlim and Voador fields, to Marechal Duque... Continue Reading →
July 28 (Reuters) - Mexican state energy company Pemex on Monday reported a net profit of 59.52 billion pesos ($3.17 billion) for the second quarter of this year, helped largely by a more favorable exchange rate. Like most of its Latin American peers, Pemex is essentially a dollar-denominated state company, including for the vast majority... Continue Reading →
(Reuters) - The U.S. government sided with Argentina's effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a filing late Thursday night, the government told the 2nd U.S. Circuit Court... Continue Reading →
(OE) Texas-based oilfield services provider Expro has secured a three-year contract by Woodside Energy to provide tubular running services (TRS) and cementing services for the Trion project, Mexico’s first deepwater oil production facility. Woodside and Expro have a long-standing partnership, with Expro supporting well construction activities in Mexico during the exploration phase. As part of... Continue Reading →
(Reuters) - Argentina's VMOS signed a $2 billion loan to finance construction of the Vaca Muerta South pipeline project, the company said in a statement on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina to cut costly imports and bolster its economy. VMOS S.A., a partnership formed by state-run oil company... Continue Reading →
(Reuters) Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio, the company said in a statement. "We have... Continue Reading →
Brazil Energy Insight 