Oil and Gas

Inspenet, December 21, 2023.
Uruguay’s state energy company, ANCAP, has achieved a significant achievement by signing contracts for four deepwater blocks with three oil and gas companies. This is carried out in the context of the Open Uruguay Round, which has been in force since 2019.

Inspenet, December 21, 2023.
Shell Offshore Inc., a subsidiary of British energy company Shell, has completed the acquisition of the remaining 20% ​​in the deepwater Kaikias field in the Gulf of Mexico, United States. This field has been developed through a submarine link with the nearby production of the Ursa center.

Inspenet, December 18, 2023. The decision to grant rights to exploit a block in the heart of the Amazon was announced by the Brazilian Government last Wednesday, one day after the approval of a transition to abandon fossil fuels at COP28.

Inspenet, December 16, 2023.
Aramco has reached definitive agreements to acquire a 40% stake in Gas & Oil Pakistan Ltd (GO). These agreements were formalized last Tuesday. GO, a diversified company in the sale of fuels, lubricants and convenience store services.

Brazil joins OPEC+ in 2024, reinforcing its influence in global oil policies.

Inspenet, December 11, 2023.
Saudi Arabia and Russia, the world’s two largest oil exporters, called on all OPEC+ members on Thursday to join an agreement on reducing production in the interest of the global economy.

Inspenet, December 9, 2023.
Jadestone Energy reported the completion of the last well in the East Belumut 2023 field drilling campaign in the waters of Peninsular Malaysia. The results obtained during the program have far exceeded expectations.

Inspenet, December 9, 2023.
PetroChina subsidiary Changqing Oilfield has announced the discovery of an oil field in the country’s north-central Gansu province with reserves that could exceed 100 million tons, according to state reports.

Inspenet, December 9, 2023.
Six OPEC+ member countries have agreed to make voluntary cuts in oil production, totaling 700,000 barrels per day during the first quarter of next year. At the same time, Saudi Arabia has announced the extension of its current reduction of 1 million barrels per day over the same period.

Inspenet, December 8, 2023.
In the coming years, oil and gas companies will be forced to reduce their methane emissions, as the European Union, the United States and China take measures to control this gas, which contributes to more than 50% of global warming.