11 November 2024
11 November 2024
The merger could create the world's second-largest oil producer after Saudi Arabian oil giant Aramco.
Houston-based APA has already begun to scale back its operations, having dropped a drilling rig in early 2023 and stopped new drilling activities.
The company's sales revenue declined by 8.6% to $23.36bn in the third quarter of 2024 (Q3 2024) from $25.55bn in Q3 2023.
YPF's unconventional oil production in the third quarter of 2024 (Q3 2024) rose by 36% year-over-year to 126,000 barrels per day (bpd).
This milestone represents achieving complete technical capacity and is expected to enable the ramp-up to full production before year-end.
ANPG estimates that more than $60bn (Kz54.75trn) in new investment will be directed into currently producing fields over the next five years.
Trump has pledged to turn the US into a manufacturing superpower through reshoring. But when it comes to semiconductors the president-elect has conflicting policy aspirations.
The $12bn Angola liquefied natural gas (LNG) plant is presently underutilised due to declining gas production from its mature fields.
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