Oil and Gas Exploration – The News Desk

Brazil Charts $100 Billion Path to Be Global Oil Power

24Nov

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World

Brazil Charts $100 Billion Path to Be Global Oil Power

Updated Nov. 24, 2023 5:48 pm ETSÃO PAULO—Brazil’s state-controlled oil company, Petrobras, announced it would invest $102 billion before the end of 2028 as Latin America’s biggest nation positions itself to become one of the world’s major oil powers.“Someone has to produce oil, right?” the company’s chief executive, Jean Paul Prates, said in an interview Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

23Oct

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World

Chevron to Buy Hess for $53 Billion

Updated Oct. 23, 2023 1:50 pm ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the second major oil tie-up this month following Exxon Mobil’s deal to buy Pioneer Natural Resources. The U.S. energy company said buying Hess would upgrade and diversify its portfolio, marking Chevron’s entrance into an Exxon-led partnership overseeing a generational oil find in Guyana, while picking up additional U.S. shale assets largely in North Dakota.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8