Capital Markets | Plan To Invest
Total Sanctions Vaca Muerta Project; Plans to Invest $500 Million
Print
|
According to Production Minister Francisco Cabrera earlier this year said the company would invest some $500 million, after meeting with executives from the French company during the World Economic Forum in Davos, Switzerland.
More Investment News
Large E&P Selling Eagle Ford Assets; 600k Net Acres
In its 2Q report, Chesapeake Energy Corp. has signaled that it will be exiting all oil-focused ventures, which will result in a future sale of its robust Eagle…
Shell to Move Forward with Jackdaw Gas Field Project in UK North Sea
BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following…
Activist Investment Firm Kimmeridge Takes Aim at Chesapeake; Proposes Changes
Chesapeake Energy Corp. has begun talks with stakeholder and activist investment firm Kimmeridge Energy in an effort to boost Chesapeake's value, according to a report by Reuters. Kimmeridge…
ExxonMobil to Close Out Russian Operations; Make No Further Investments
ExxonMobil will close out its Sakhalin-1 project in Russia in response to the country's invasion of Ukraine. Exxon held a 30% stake in the project. The company will…
TotalEnergies Will Make No New Investments in Russia
TotalEnergies will be making no new investments in Russia due to the country's invasion of Ukraine, but fell short of cancelling existing agreements and projects in the region.…
Latin America News
Frontera Energy's Colombian Assets: A Contested Acquisition Emerges in Latin America's E&P Sector
Background Frontera Energy Corporation (TSX: FEC), a publicly listed Canadian holding company with upstream oil and gas operations in Colombia, has become the center of a contested acquisition…
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS According to Reuters, Venezuela’s oil sector remains a high-potential but fragile opportunity: it holds massive…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills…
South America News
Continental Resources to Acquire 90% Stake in Vaca Muerta Shale Concession
Continental Resources Inc. has agreed to acquire a 90% operating stake in the Los Toldos II Oeste block, a shale concession within Argentina’s Vaca Muerta formation, marking a…
Vaca Muerta 2025–2026: Acceleration, Optimization, and Strategic Impact
Vaca Muerta, Argentina’s premier shale play, is undergoing a major transformation under YPF’s aggressive growth strategy. As presented during YPF’s 2025 Investor Day, the next two years (2025–2026)…
Argentina/Vaca Muerta Developers to Double Well Activity; Increase Frac Fleets
YPF has set some ambitious goals to grow oil production to ~500mbo/d by 2030. To accomplish this the company plans to almost double well count in '26 from…
Hess Corporation First Quarter 2023 Results
Hess Corp. announced its first quarter 2023 results. Highlights Net income was $346 million, or $1.13 per share, compared with net income of $417 million, or $1.34 per…
Shell Fourth Quarter, Full Year 2022 Results
Shell plc reported its fourth quarter and full year 2022 results. Chief Executive Officer, Wael Sawan commented: "Our results in Q4 and across the full year demonstrate the…