Argentina’s new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive liquefied natural gas (LNG), Continue Reading
Forecast of 42 mil mt could be cut further 9% of area harvested Truckers’ strike poses huge logistical challenge The Argentinian soybean output forecast for 2021-22 crop year (November-October) is Continue Reading
Sky-high gas prices and market volatility is weighing on Argentina. Despite being one of the most gas-rich countries in the world, Argentina is facing a massive fuel shortage. Years of Continue Reading
Leaders from Argentina’s major transportation union said on Monday they will call for a national strike to demand an increase in grain freight rates, as higher fuel costs cause tensions Continue Reading
Highlights State-backed refiner says it will step up deliveries Logistics problems are behind the shortfall Farmers fear diesel shortage will stall crop harvest YPF, the biggest oil producer and refiner Continue Reading
Diesel imports have surged in dollar terms Price controls are discouraging importing more Imported diesel is sold at 30% below its import price Argentina’s service stations have started rationing diesel, Continue Reading
Cammesa seeks 12 total cargoes of HSD, fuel oil — half of its last tender Several large LatAm awards or tenders out March 25 after dry spell Argentina’s Cammesa unveiled Continue Reading
Highlights TGS to add 17 million cu m/d of capacity Another project planned with 44 mil cu m/d capacity Developments raising export expectations Transportadora de Gas del Sur, or TGS, Continue Reading
La Nina is set to wreak havoc during Argentina’s upcoming summer, when soybean and corn plants will be growing across the Pampas farm belt. Precious little rain will fall in Continue Reading
Snaking its way through thousands of miles of South American rainforest and pampas and past sprawling soybean and corn farms, the Parana River is the main thoroughfare for Argentine commerce. Continue Reading
Argentina’s government is under significant pressure to bring the country’s oil industry back to life It is hoped that new reforms in the sector will bring in some much needed Continue Reading
Argentina’s government has unveiled a bill to promote investment in oil and gas in the country with the ultimate goal to boost hydrocarbon production from its key shale play and Continue Reading
Brazil is in talks with Argentina about potentially building a $5-billion natural gas pipeline from the Argentinian Vaca Muerta shale play, Brazilian President Jair Bolsonaro said during his weekly live Continue Reading
Highlights Pilot planned on two blocks Project seen opening new opportunities in shale play YPF also to invest in tertiary recovery YPF, the biggest oil producer and second for natural Continue Reading
While the COVID-19 pandemic and 2020’s oil price collapse hit Argentina’s hydrocarbon sector hard, leading to some analysts to claim that it may never fully recover , there is evidence Continue Reading
Argentina is working to boost its oil production as well as investing in shale as the Latin American oil and gas giant continues to focus on traditional energy. June ended Continue Reading
Protests and civil dissent are once again sweeping across Latin America, a region infamous for its political instability and economic inequality. While Colombia’s security crisis is threatening the strife-torn country’s Continue Reading
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
