Oil and Gas

Inspenet, August 24, 2023.
Last Tuesday, the Albanian government reported the discovery of a significant hydrocarbon deposit in the southern region of the country, which was made by the multinational energy company Shell. This could contain a large reserve of gas and oil.

Inspenet, August 23, 2023.
Intelligent Wellhead Systems (IWS) has announced the addition of the inVision mobile app, an innovative technology that offers users who already use the IWS technology platform instant access to critical operational data from oil and gas well sites.

Inspenet, August 22, 2023.
Ecuador established a new world precedent last Sunday by opting through a plebiscite to put an end to oil exploitation in one of its largest deposits located in the Yasuní National Park.

Inspenet, August 19, 2023.
Chevron Corporation has completed the acquisition of Denver-based PDC Energy, resulting in the creation of Colorado’s leading oil and gas company.

Inspenet, August 16, 2023.
Guyana’s Vice President, Bharrat Jagdeo, stated this Saturday that there will be no further extension beyond September 12, 2023 for the bidding for 14 oil blocks off the coast of Guyana.

Inspenet, August 15, 2023.
The United Nations Development Program (UNDP) has successfully completed the transfer of oil from the supertanker FSO Safer in waters off Yemen’s Red Sea coast, removing the immediate threat of a potential massive spill.

Inspenet, August 14, 2023.
Ecopetrol, the second largest oil company in Latin America, has announced the discovery of hydrocarbons in the town of Orito, located in the department of Putumayo. The Alqamari-2 well has revealed the presence of oil and gas with daily production exceeding 1,800 barrels.

Inspenet, August 13, 2023.
On August 9, Petroecuador formalized the initiation of the bidding procedure aimed at attracting a private entity that makes investments with the purpose of increasing the production of natural gas in the Amistad gas field, which is located in Block 6 and is located in the province of El Oro.

Inspenet, August 11, 2023.
The Gibraltar maritime authority has confirmed that the Gas Venus, the ship that spilled crude oil on August 1 in the Bay of Algeciras, has been released after posting a bond of 1.5 million pounds sterling in cash.

Inspenet, August 08, 2023.
Bolivia’s state oil company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), has made a natural gas discovery in the Remanso-X1 well. The new field is expected to generate around $5 billion in gas revenue for the country.