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Nov 13 (Reuters) - Colombia's state oil producer Ecopetrol on Thursday reported a 30% drop in net profit in the third quarter from a year earlier, citing weaker sales volumes and lower crude prices. Net profit landed at 2.56 trillion pesos ($689 million) from 3.65 trillion pesos in the year-ago period, while total sales also fell... Continue Reading →
Nov. 12 (oilpeice.com) In a surprise development, Argentina’s unconventional oil production hit a new all-time high for September 2025. This occurred despite overall monthly production falling marginally when compared to the prior period and shale gas output plummeting to a multi-month low. It is the prolific Vaca Muerta shale that is driving Argentina’s rapidly rising oil and... Continue Reading →
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
Nov. 6 - PetroReconcavo reports a net profit of R$ 121.9 million in the third quarter of 2025 (Q3 2025), a 23% decrease year-over-year. The lower profit followed a 2% decrease in net revenue, which stood at R$ 786.3 million. PetroReconcavo's average production was 26,400 barrels of oil equivalent (“boe”) per day, a 3% decrease... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of October 2025. The company recorded an average of 85,200 barrels in October. Highlights include Papa-Terra, which posted its best monthly production since the acquisition in December 2022, and Parque... Continue Reading →
ANP reports new record for the pre-salt layer, for the month of September with a production of 4.143 million barrels of oil equivalent per day. The volume represents an increase of 2.7% compared to the previous month and 12.5% compared to September 2024. Pre-salt production, which occurred through 169 wells, accounted for 81.1% of the... Continue Reading →
Nov 3 (Reuters) - Peruvian oil firm Upland Oil and Gas said on Monday it would ask the South American nation's regulator to review its application to operate in Block 192, once Peru's largest Amazon oilfield, after it was disqualified days earlier. State agency Perupetro disqualified Upland, which operates other reserves in the country's Amazon... Continue Reading →
Oct 31 (Reuters) - Exxon Mobil beat Wall Street estimates for third-quarter earnings on Friday, underpinned by higher oil and gas production in Guyana and the Permian Basin, which offset lower oil prices. Adjusted earnings during the July-to-September quarter were $8.1 billion, or $1.88 per share, beating analysts' consensus estimate of $1.82 per share, according to... 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. 14 (moneytimes) PetroReconcavo announced to the market the completion of a farm-out with Mandacaru Energia on October 10th. A farm-out is a type of agreement in which one party transfers part of its stake in a concession to another, which assumes responsibility for exploration and/or development activities within that concession. The transaction involves the... Continue Reading →
