Oil and Gas

Inspenet, October 23, 2023.
Colombia’s main company, Ecopetrol, announced a gas discovery in the southern Colombian Caribbean. This is a natural gas reserve discovered in the Glaucus-1 exploratory well, located in deep waters of the Colombian Caribbean.

Inspenet, October 22, 2023.
Oil companies such as Repsol, BP and Chevron have abandoned their oil exploration plans in Mexico. Throughout this year, at least 16 companies have begun the process of early termination of their exploration contracts with the National Hydrocarbons Commission (CNH).

Inspenet, October 21, 2023.
The province of Neuquén, in Argentina, has approved an agreement to search for hydrocarbon resources in the area known as Bajo del Toro Este.

Inspenet, October 18, 2023.
Saudi Aramco has begun talks aiming to acquire a 10% stake in Shandong Yulong Petrochemical Co, marking a further step in the state oil giant’s investments in China.

Inspenet, October 15, 2023.
India seeks to get Aramco, Saudi Arabia’s oil company, involved in its 6.5 million metric ton (MMT) strategic petroleum reserve (SPR) project, with the aim of strengthening its relations with its main oil supplier .

Inspenet, October 15, 2023.
In the coming weeks and months, motorists in the United Kingdom (UK) could face an increase in petrol and diesel prices due to the conflict between Israel and Hamas. Since last week there has been an increase in oil prices worldwide due to the situation between both nations.

Inspenet, October 14, 2023.
The BGP Prospector is currently approximately 320 km off the coast of Mar del Plata, Argentina, where it is preparing to begin seismic exploration operations. The main purpose of this mission is to evaluate the presence of possible hydrocarbon reserves in the waters of the Argentine sea.

Inspenet, October 12, 2023.
Halliburton Company has launched the FlexRite Selective Access multilateral completion system, designed to address complicated and demanding well situations in the industry. Multilateral systems seek to maximize interaction with the underground reserve, resulting in savings of resources, time and a smaller environmental footprint.

Inspenet, October 10, 2023.
In a major development in trade relations between Brazil and Russia, the European country has resumed oil exports to Brazil after a two-year hiatus.

Inspenet, October 7, 2023.
Leading companies such as Shell, BP and TotalEnergies have announced plans to increase oil and gas production in the next decade. This strategy will focus on low-cost, low-emission energy sources.