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(Reuters) - Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina. The Argentina LNG project aims to develop the onshore "Vaca Muerta" gas field and supply international markets by exporting up to... Continue Reading →
(Reuters) - Argentine state-run oil producer YPF could see its core earnings this year slide on lower crude prices, a presentation to investors showed on Friday. The firm currently estimates its earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025 will range between $5.2 billion and $5.5 billion, assuming Brent crude prices at $72.5 a barrel.... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... 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 March 2025. (1) Papa-Terra: On April 16, 2024, 3R Offshore exercised, in accordance with the provisions of the Joint Operating Agreement (JOA), the right of compulsory assignment (forfeiture) of... Continue Reading →
Brazil's proven oil reserves (1P) increased by 5.92% last year, while the volume of proven and probable reserves (2P) grew by 4.36%. The total of proven, probable and possible reserves (3P) increased by 4.27%. The data was released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which published the Annual Bulletin of... Continue Reading →
(PN) Oil and natural gas production in Brazil's onshore fields is expected to continue growing over the next five years, according to projections released by the National Petroleum Agency (ANP). By 2029, extraction from onshore wells could increase by around 29%, according to data presented in the 2025 Annual Production Programs (PAPs). These documents are... Continue Reading →
(Reuters) - Mexico lowered its estimate for average crude oil production for this year by 129,000 barrels per day (bpd), citing a "prudent approach" that takes into account the trajectory of the first months of the year. This would bring the country below the ambitious 1.8 million bpd target set by President Claudia Sheinbaum. In... Continue Reading →
(Reuters) - Portugal's EDP Renovaveis will offer 90 new wind turbines at auction after pulling out of major Colombia wind energy projects, the website of industrial equipment auctioneer Escrapalia showed on Tuesday. The Vestas V162-5.6 MW turbines will be sold in an online auction, Escrapalia said. EDPR, the world's fourth-largest wind power producer, posted an unexpected net... Continue Reading →
(OE) XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin. The Rovuma Basin, one of the largest gas discoveries in the past 15 years, has enabled ADNOC’s XRG access to LNG projects with a combined potential production... Continue Reading →
(Reuters) - Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner. In a statement, CGC said it will provide an unspecified amount of capital for the tie-up in Argentina's massive shale... Continue Reading →
Brazil Energy Insight 