Vaca Muerta, the biggest shale play in Argentina, is poised for growth in oil and natural gas production and exports as proposed legislation is expected to improve investment conditions, but Continue Reading
Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on Continue Reading
Argentina’s oil and natural gas output could begin to fall in the next few days if protesting health workers and truckers continue to block access to fields in Vaca Muerta, Continue Reading
Matias Kulfas Argentina’s government is pushing for long-term oil price controls as the South American nation runs out of time to unearth a shale trove in Patagonia. The idea of Continue Reading
Fracking activity in Vaca Muerta, the biggest shale play in Argentina, rose 7% to 733 frac stages in March from the previous month, reaching the highest level on record as Continue Reading
Argentina’s YPF said March 19 that it plans to invest more than $1.5 billion this year to ramp up oil and natural gas production in the Vaca Muerta shale play, Continue Reading
Latin America just seems to be unable to synchronize its long-mooted upswing with global energy trends. Venezuela boasts the largest reserves on earth yet just as it starts to recover Continue Reading
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic Continue Reading
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown Continue Reading
Argentina’s national state oil company YPF just cannot function in a stable and foreseeable manner, an apprehension that was rekindled by Guillermo Nielsen stepping down from his post of company Continue Reading
Last year was tough for the global oil industry as the COVID-19 pandemic and an ongoing oil supply glut rocked petroleum-dependent emerging economies, notably in South America, to their core. Continue Reading
Fracking activity in Vaca Muerta shot up 58% month on month in November, reaching the highest level this year, according to data released Dec. 1, as Mexico’s Vista Oil & Continue Reading
After a bout of financial turmoil in Argentina last month, the government has restored calm in the markets and turned its attention once again to the development of Vaca Muerta, Continue Reading
Sharply weaker oil prices, growing threats to oil demand and the imminent arrival of peak oil demand could unleash a wave of stranded oil assets in South America. Among the Continue Reading
The administration of Argentina’s President Alberto Fernández is growing increasingly desperate to restart the burgeoning oil boom which was underway before the COVID-19 pandemic hit. Argentina has been one of Continue Reading
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as much Continue Reading
Argentina unveiled this week a new plan for natural gas development, looking to attract US$5 billion in company investments to revitalize gas production in the Vaca Muerta shale play and Continue Reading
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Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom in April, Continue Reading
Latin America has a long history of resource nationalism, particularly when it comes to petroleum. Since the end of World War Two, this has acted as a significant deterrent for Continue Reading
Argentina’s state-backed energy company YPF plans to redeploy 46 rigs in the Vaca Muerta region over the next six months, helping to revive oil and natural gas output from the Continue Reading
It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that Continue Reading
ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and natural gas production Continue Reading
Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca Muerta, or Continue Reading
Nesbitt, who is a professor at the University of Illinois at Urbana-Champaign, had dedicated much of the last 15 years to studying the freakish storms of this sleepy agricultural region. Continue Reading
Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits Continue Reading
Highlights Province exported 19% of output in June Out of total exports, 60% went to the US Surge in exports comes as lockdown hurts local demand Buenos Aires — Producers Continue Reading
Argentina’s economic activity plunged 26.4% in April, the country’s official statistics agency said on Monday, the worst monthly fall on record as the country reeled from the impact of the Continue Reading
Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin. Continue Reading
Argentina’s move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may take a couple of years Continue Reading
Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by a collapse in global prices and slumping Continue Reading
Argentina has put on hold policies and incentives for ramping up oil production from the Vaca Muerta shale play as a global glut of crude supplies curbs export opportunities, Production Continue Reading
Argentina is considering setting a minimum oil reference price at $45/b for local production, as much as $9/b less than some producers had requested, in a bid to revive output Continue Reading
Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices. On Thursday, the regional news outlet in the Vaca Muerta, Rio Negro Continue Reading
Argentina’s state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel Continue Reading
Goal to reach 36,000-38,000 boe/d in December Vista’s wells are performing among best in the play Flexibility is key for handling volatility in Argentina Buenos Aires — Vista Oil & Continue Reading
When Alberto Fernandez, Argentina’s new left-leaning president, entered into office December 10 the international markets were anxious to see whether the post-Macri era would result in an energy policy reversal, Continue Reading
Shell and Equinor said Friday they have agreed to buy Schlumberger’s 49% stake in Bandurria Sur for $355 million, adding that they plan to increase their ownership of the shale Continue Reading
Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan investment in Argentina’s biggest shale Continue Reading
Highlights Companies halt plans to fire workers Unions, producers to sit down for further talks Agreement comes as government seeks to improve investment conditions Buenos Aires — An oil union Continue Reading
A leading oil union in Neuquen, Argentina’s biggest oil basin, is threatening to go on strike if companies lay off even one worker, a situation that could hit crude and Continue Reading
Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just the shale resources in the huge Vaca Muerta play. “There Continue Reading
Argentina is suffering growing pains as it seeks to become a major oil and natural gas exporter, a goal thought feasible thanks to huge shale resources, but which also requires Continue Reading
Argentina’s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country’s economic revival. Argentina has some Continue Reading
Drillers in Argentina have sought for years to replicate the success of the U.S. shale boom in its huge oil and gas deposits in the Vaca Muerta shale play. The Continue Reading
YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global Continue Reading
Argentina’s YPF has drilled the longest horizontal well to date in the oil window of Vaca Muerta, where the state-backed energy company is focusing its investment for oil and natural Continue Reading
Highlights ExxonMobil, Shell, Tecpetrol say resource quality is unquestioned The challenge is above the ground; poor conditions Incoming government being watched for policy direction Buenos Aires — Three leading oil Continue Reading
Financial crisis has made borrowing rates ‘unreasonable’ At least four groups are eyeing the project More pipeline capacity is needed to further develop Vaca Muerta gas Mar del Plata, Argentina Continue Reading
Shale oil production surpasses 100,000 b/d Shale growth offsets drop in conventional output September gas output rises 10.6% on year Buenos Aires — Oil and natural gas production in Neuquen, Continue Reading
