Oil and Gas

By: Inspenet, October 17, 2022.
Canadian oil company Parex Resources announced the discovery of three new oil fields in the Colombian departments of Arauca and Casanare.

By: Franyi Sarmiento, Ph.D., Inspenet, October 11, 2022.
Today, October 11, is the International Day Against Fracking, it is commemorated with the aim of raising awareness in the world population of the serious environmental and social damage caused by this technique to extract fossil fuels from the subsoil using pressurized water.

By: Franyi Sarmiento, Ph.D., Inspenet, October 6, 2022.
Merlín Cochran, general director of the Mexican Association of Hydrocarbons Companies (Amexhi), during his participation in the presentation of the book La Energia de un Pueblo, pointed out that the oil industry is consolidating its recovery, so the delays that have occurred in the pandemic are now disappearing.

By: Franyi Sarmiento, Ph.D., Inspenet, October 5, 2022.
Petronas, a Malaysian state-owned company, is studying oil and gas exploration projects in Bolivia, the South American country’s state oil company, YPFB, has said.

By: Franyi Sarmiento, Ph.D., Inspenet, September 30, 2022.
Oil prices surged this week, with Brent up more than 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise slowdowns in oil inventory US crude oil and natural gas stocks

By: Franyi Sarmiento, Ph.D., Inspenet, September 23, 2022.
The US Department of Energy indicated this week that it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve (SPR), for delivery in November.

By: Franyi Sarmiento, Ph.D., Inspenet, September 20, 2022.
The global demand for oil will increase in the coming months and through 2023. It is estimated that it will increase by two million barrels per day until the end of 2022 and by 2.1 million barrels per day in 2023, according to a report by the International Energy Agency (IEA).

By: Franyi Sarmiento, Ph.D., Inspenet, September 16, 2022.
The general director of Petróleos Mexicanos (PEMEX), Octavio Romero Oropeza, reported that on Monday, September 12, a new oil well began production in the Tupilco onshore field, located in the municipality of Comalcalco.

By: Franyi Sarmiento, Ph.D., Inspenet, August 31, 2022.
According to a report by the Diversity and Inclusion Commission of the Argentine Institute of Oil and Gas (IAPG), the number of women employed in the oil industry in Argentina currently does not exceed 18% of the total number of positions that generates the sector.

By: Franyi Sarmiento, Ph.D., Inspenet, August 25, 2022.
The world’s largest oil company, Saudi Aramco, recorded a record net income during the second quarter of the year, an increase of almost 90%, reaching 48.4 billion dollars.