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UK: OGA outlines how industry should work to reduce greenhouse gas emissions in new Net Zero Stewardship Expectation

The Oil and Gas Authority (OGA) has launched its ‘Stewardship Expectation 11 – Net Zero’ setting out how the oil and gas industry should reduce its greenhouse gas (GHG) emissions and support delivery of the UK’s net zero target. ....

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Mexico's Pemex Boasts Billion-Barrel Oil Discovery

2 hours
Record High COVID Cases Could Stall India’s Oil Imports
4 hours
Lawsuits Pour In After Texas Freeze Pushes Bills Sky-High
5 hours
Tesla Stuns With Record Q1 Delivery Numbers
6 hours
Suez Canal Traffic Jam Clears
3 days
U.S. Govt. Says Federal Land Drilling Program Is “Broken”
3 days
Mozambique Says Total’s LNG Project Is Safe From Militants
3 days
U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal
3 days
India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia
3 days
EVs, Smart Appliances Pose Cybersecurity Risks
4 days
Oil Demand Boosted By Highest Number Of Flights Since COVID Started ....

Dos Bocas , Quintana Roo , Tsvetana Paraskova , Octavio Romero Oropeza , Mexican President Andr , Mexican President , Oil Reserves , டோஸ் போகாஸ் , குவிண்டனா ரூ , ஆக்டேவியோ ரொமெரோ ஒரொபேஜா , மெக்ஸிகன் ப்ரெஸிடெஂட் அன்று , மெக்ஸிகன் ப்ரெஸிடெஂட் , எண்ணெய் இருப்புக்கள் ,

Predator announces placing to raise GBP 1.785 million

Predator announces placing to raise GBP 1.785 million
15 Mar 2021
Predator Oil & Gas Holdings has conditionally placed 17 million new ordinary shares of no par value in the Company at a placing price of 10.5 pence each to raise
£1,785,000 (before expenses).
The Placing was significantly oversubscribed and utilises much of the Company s existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange s main market for listed securities.
Novum Securities are acting as sole placing agents to the Company.
Use of Proceeds
During the past 12 months of COVID-19, the Company has been able to focus on successfully developing its projects to a stage where substantive operational progress has been made and results achieved. Additional business development opportunities have been created as the direct result of the progress made during this period. ....

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GeoPark reports Q4 and full year 2020 results

GeoPark reports Q4 and full year 2020 results
11 Mar 2021
GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina has reported its consolidated financial results for the three-month period and for the year ended December 31, 2020
All figures are expressed in US Dollars and growth comparisons refer to the same period of the prior year, except when specified.
FOURTH QUARTER AND FULL-YEAR 2020 HIGHLIGHTS
Profitable Production Growth
Consolidated oil and gas production of 39,304 boepd
CPO-5 block (GeoPark non-operated, 30% WI) produced 10,310 bopd gross, 55% higher than 3Q2020
Free Cash Flow Generation ....

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Argentina's Shale Patch Is Poised For A Comeback

Premium Content
Argentina’s Shale Patch Is Poised For A Comeback
By Matthew Smith - Mar 11, 2021, 6:00 PM CST
After a harsh 2020 and slow post-pandemic recovery Argentina’s hydrocarbon sector has come roaring back to life. A combination of substantially higher oil prices, government subsidies, favorable legislation and growing demand for light sweet crude oil and natural gas has caused activity in Argentina’s Vaca Muerta (Spanish for dead cow) soar. After fracking activity slowed to almost zero during May 2020, at the height of the COVID-19 pandemic, it then soared to a 17-month high in January 2021. Data obtained by S&P Global Platts shows there were 662 frac stages in the Vaca Muerta by January 2021 or roughly double the 340 stages reported for the same month a year earlier. As a result, crude oil production in the Vaca Muerta is growing at an impressive clip. According to industry consultancy Rystad Energy oil production from the shale oil and natur ....

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