Chile Could Save Argentina’s Shale Boom
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
Argentina’s Shale Boom Is Competing With The Best
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
Argentina’s Vaca Muerta fracking activity hits 17-month high in January
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 Struggles To Save Its Oil Boom
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
Will Argentina’s Vaca Muerta Shale Play Ever Recover?
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 Argentina’s Vaca Muerta surges in November
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
Fuel for Thought: Argentina puts fresh focus on developing Vaca Muerta, but concerns abound
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
Argentina’s Huge Vaca Muerta Shale Could Become A Stranded Asset
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
Argentina Is In Desperate Need Of An Oil Boom
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 To Subsidize Shale Gas Production With $5.1 Billion
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 Looks To Attract $5B Investment To Boost Shale Gas Production
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
Argentine Economic Recovery Falters Amid Tighter Lockdown Rules
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Investors Are Pulling The Plug On Argentina’s Prized Shale Play
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
The Threat Of Oil Nationalism In Argentina
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 YPF to redeploy rigs in Vaca Muerta on export potential: governor
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
Is Argentina’s Shale Too Expensive To Drill?
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 secures another long-term concession in Argentina’s Vaca Muerta
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
Argentina Scrambles To Salvage Its Shale Boom
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
What’s Going on Inside the Fearsome Thunderstorms of Córdoba Province?
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
Will Argentina’s Oil Industry Survive This Crisis?
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
Argentina’s Neuquen boosts crude exports in June as local demand falls
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 economic activity plunges record 26.4% in April amid pandemic
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
COVID-19 Could Crush Argentina’s Shale Boom
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 oil production may take years to recover despite $45/b reference price
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
Exclusive: Argentina plans higher local oil price to protect sector amid rout – sources
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 puts on hold policies for ramping up shale oil production
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 eyes $45/b minimum crude to sustain production: draft proposal
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
Coronacrisis Is Killing Argentina’s Shale Oil Boom
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 Shale Boom On Hold As Oil Prices Collapse
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
Vista bets on Vaca Muerta for 20% oil, gas production growth in 2020
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
Can Argentina Revitalize Its Oil Industry?
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, Equinor buy Schlumberger’s stake in Vaca Muerta block
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 vow to press on with projects in Vaca Muerta
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
Oil union in Argentina’s Vaca Muerta play calls off strike
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
Argentina oil workers threaten to strike in Vaca Muerta over layoffs
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
Argentina president sees potential in conventional oil, gas, not just Vaca Muerta
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 faces big challenges to develop Vaca Muerta for export growth
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 Wants a Fracking Boom. The US Offers a Cautionary Tale
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
Can Argentina Replicate The U.S. Shale Boom?
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
Argentina’s Shale Boom Hits New Milestone
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 drills Vaca Muerta’s longest horizontal well
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
Producers delay boosting Vaca Muerta output until political outlook becomes more clear
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
Argentina delays Vaca Muerta gas pipeline project due to financial crisis
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
Vaca Muerta leads rise in September oil, gas output in Neuquen, Argentina
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
Argentina’s shale oil production growth pushes up refinery run rates
Argentina’s surging shale oil production is feeding more supplies to the country’s refineries, helping to increase run rates, the Neuquen government said Wednesday. Refineries operated at an average of 78.3% Continue Reading
Rising Vaca Muerta Shale Output Makes Argentina LNG Exporter
Growing natural gas production from the Vaca Muerta shale play has recently helped Argentina to export its first liquefied natural gas (LNG) cargo and to resume pipeline natural gas exports Continue Reading
Argentina delivers first exports from Vaca Muerta deposit
Argentina’s ambitious drive to emulate the US shale boom is moving ahead after the country delivered its first-ever exports of light crude oil and liquefied natural gas from its massive Continue Reading
Is Argentina’s Shale Boom Finally Taking Off?
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
Power Cut Hits Argentina and Uruguay, Affecting Tens of Millions
A widespread power failure early Sunday left all of mainland Argentina and Uruguay without power, a blackout that an energy company official called “unprecedented.” The blackout’s cause remained unclear. But Continue Reading
Exxon Scales Up In Vaca Muerta, Drills 90 Wells
Exxon plans to drill 90 wells and produce 55,000 barrels of oil equivalent from an oil and gas block in Argentina’s Vaca Muerta shale play, the company said in a Continue Reading