Oil and Gas

Demand to grow more than expected as oversupply creates a cushion in inventories

During the quarter, the company's revenues amounted to US$5.7 billion, while adjusted operating margin rose to 15 %.

Offshore drilling company Seadrill Limited has announced the award of contracts for its West Capella, West Elara and West Carina vessels.

The refocusing on regions such as Brazil and Namibia is part of a strategy of geographic diversification and portfolio optimization.

The Baragzai X-01 well was able to extract 3,100 barrels of oil per day and 8.15 million cubic feet of gas.

European refining margins surged more than 200%, helping offset weaker crude and LNG prices, while upstream volumes added resilience to operating cash flow.

Harold Hamm suspends drilling in Bakken due to low oil profitability, a historic change for U.S. fracking.

Continental Resources slows down its Bakken activity due to falling crude oil prices. WTI hovers around USD 60 and marginalizes profitability.

The company has formalized the purchase of 50% of the assets Tartaruga Verde and Module III of Espadarte, two offshore fields located in the…

Representatives of the energy sector are exploring legal and contractual adjustments that could unblock the entry of new oil investments.