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  • Majors pull back from renewable energy investments

    Majors pull back from renewable energy investments

    April 1st, 2025

    The spending plans for 2025 indicate that the oil giants are prioritizing efficiency and returns over aggressive growth considering

    0 comments on Majors pull back from renewable energy investments
  • YPF to invest $3.3 billion in Vaca Muerta in 2025, focusing exclusively on oil

    YPF to invest $3.3 billion in Vaca Muerta in 2025, focusing exclusively on oil

    March 31st, 2025

    State-owned YPF SA plans to invest $3.3 billion in Vaca Muerta during 2025, concentrating all drilling activity on oil

    0 comments on YPF to invest $3.3 billion in Vaca Muerta in 2025, focusing exclusively on oil
  • YPF signs $75-million farm-out for Aguada del Chañar block exploration

    YPF signs $75-million farm-out for Aguada del Chañar block exploration

    March 31st, 2025

    State-owned YPF SA signed a $75-million deal with Compañía General de Combustibles for hydrocarbon exploration in Argentina’s Neuquén province. 

    0 comments on YPF signs $75-million farm-out for Aguada del Chañar block exploration
  • GeoPark to divest certain assets in Colombia, Brazil

    GeoPark to divest certain assets in Colombia, Brazil

    March 31st, 2025

    The sales are part of a plan to reduce costs that also includes an evaluation of strategic options for

    0 comments on GeoPark to divest certain assets in Colombia, Brazil
  • SOTE pipeline rupture triggers one of Ecuador’s largest oil spills

    SOTE pipeline rupture triggers one of Ecuador’s largest oil spills

    March 28th, 2025

    On Mar. 13, 2025, a rupture occurred along a section of Ecuador’s state-owned Sistema de Oleoducto Transecuatoriano near El

    0 comments on SOTE pipeline rupture triggers one of Ecuador’s largest oil spills
  • Tariffs continue to roil oil markets

    Tariffs continue to roil oil markets

    March 28th, 2025

    Oil prices neared $70 after the Trump administration announced 25% “secondary” tariffs to be imposed on buyers of Venezuelan

    0 comments on Tariffs continue to roil oil markets
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M5C 1P1
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LATEST SECTOR NEWS

  • Vertex’s Mobile refinery to produce conventional Group III base oils
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  • Strait of Hormuz closure highlights US, global energy security vulnerabilities: API
  • JPMorgan conference notes: COO says EOG will ‘continue to be explorationist’
  • UAE’s OPEC exit highlights strategic value of Fujairah exports amid Strait of Hormuz disruption

ABOUT US

FORTecx is a Canadian-based group, specializing in unique, ‘state of the art’ proprietary Formulas, Ultrasonic Procedures and End-to-End Eco Processes for the fast recovery of oil from primary, secondary and waste sources.

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