• Home >
  • Back Issues >
  • Oil & Gas Journal >
  • Volume 121, Issue 11

    • Volume 121, Issue 11

    Nov. 6, 2023 | Petrobras plans to complete installation of a new hydrotreater at its 434,000-b/d REPLAN refinery in Paulínia, São Paulo, Brazil, that will produce 63,000 b/d of low-sulfur S-10 diesel beginning second-half 2025. The operator is also evaluating a potential project involving revamp of REPLAN’s existing coker that, if approved, could result in a 10,000-b/d expansion of the unit’s processing capacity by yearend 2027. Photo from Petrobras.

    More content from Volume 121, Issue 11

    Nov. 7, 2023
    Exxon Mobil Corp. has agreed to acquire Pioneer Natural Resources in a $64.5-billion stock deal (including net debt) that more than doubles the oil and gas major’s Permian basin...
    Nov. 7, 2023
    Enterprise Products Partners LP is investing more than $3 billion on a series of new projects to further expand its existing natural gas processing and gathering systems in the...
    Nov. 7, 2023
    US President Joe Biden and Energy Secretary Jennifer Granholm have announced the seven recipients of $7 billion in federal grants to accelerate development of regional hydrogen...
    Photo from Hess Corp.
    Tubular Bells, a Hess-operated deepwater development in the Gulf of Mexico, was sanctioned in 2011 and fast-tracked with an execution schedule to first oil in 3 years.
    Nov. 7, 2023
    Hess Corp. raised its net oil and gas production guidance to 390,000 boe/d, which is the upper end of previous guidance of 385,000-390,000 boe/d.
    Nov. 7, 2023
    Matador Resources Co., Dallas, reached record production in this year’s third quarter and confirmed a decision to expand its Delaware basin gas processing capacity.
    Nov. 7, 2023
    The International Energy Agency’s (EIA) October Oil Market Report revealed preliminary data for September, indicating signs of falling demand, notably in the US, where gasoline...
    Nov. 7, 2023
    The International Energy Agency’s (EIA) October Oil Market Report revealed preliminary data for September, indicating signs of falling demand, notably in the US, where gasoline...
    Nov. 7, 2023
    Chevron Corp. earned $6.5 billion for third-quarter 2023, down from $11.2 billion in the same period last year, primarily due to lower upstream realizations and lower margins ...
    Nov. 7, 2023
    Equinor Energy has downgraded its production 2023 growth guidance to 1.5% from 3% because of gas production impacts from planned maintenance and unplanned extended turnarounds...
    Nov. 7, 2023
    In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) projects that natural gas production in the Lower 48 states of the US will grow by 5% (...
    Photo from Vista Energy.
    Vista already operates in Vaca Muerta and is in talks with ExxonMobil regarding potential farm-in or acquisition opportunities (Fig. 1).
    Nov. 7, 2023
    A negative global economic outlook and complex regional conditions will combine with low regional economic growth through 2024 to limit oil and gas-sector merger and acquisition...
    Orinoco Belt (Fig. 1).
    Nov. 6, 2023
    The Orinoco Belt in eastern Venezuela extends across 55,000 sq km and holds about 90% of the world’s proven heavy and extra-heavy oil reserves. It is, however, the world’s least...
    Nov. 6, 2023
    The Vaca Muerta (VM) formation is the main source rock and one of the largest areal stratigraphic units in Neuquén basin, Argentina.
    Photo from Petrobras.
    Ongoing optimization and upgrading work at Petrobras’s REPLAN refinery resulted in the site achieving its highest utilization rate on record during September 2023 (Fig. 1).
    Nov. 6, 2023
    Petróleo Brasileiro SA (Petrobras) as part of the company’s 2023-27 strategic plan expanded its program to modernize refining assets not included in its ongoing downstream divestment...
    Chimarrão Natural Gas Pipelines. (Fig. 1.)
    Nov. 6, 2023
    Initial studies by Brazil’s Ministry of Mines and Energy are ongoing regarding the 1,237-km Bilac-Santa Maria and 1,168-km Penápolis-Canoas natural gas pipelines.
    TGN’s Northern Gas Pipeline transports 10.22 bcmy (Fig. 1).
    Nov. 6, 2023
    South American oil and gas infrastructure development activity has been limited in recent years with the exceptions of Brazil, Guyana, and Argentina.