Is Argentina Producing Too Much Natural Gas?
Argentina is in the midst of an economic and market crisis. Its local currency has lost around 40 percent against the U.S. dollar so far this year. The central bank Continue Reading
Oil product deliveries in Argentina hampered by low water level in major river
A decline in the water level of the Parana River to a 10-year low is slowing deliveries of oil products and biofuels in central and northern Argentina, an industry source Continue Reading
Argentinian players to hold Aug 13 Vaca Muerta meeting as investor issues mount
Argentinian energy industry participants are set to meet August 13 in Neuquen with labor leaders and politicians to discuss the future of the Vaca Muerta, as issues mount that could Continue Reading
Qatar taps into giant Argentinean shale reserve
Saad Sherida al-Kaabi (R), president & CEO of Qatar Petroleum, signs an agreement with Andrew Swiger, the principal financial officer of Exxon Mobil, for a stake in shale gas in Continue Reading
Shell holds tight to shale basin in Argentina
Royal Dutch Shell sheds assets in Argentina, including it’s retail operation, but will maintain it’s grip on one of the more promising shale basins in the world. Photo courtesy of Continue Reading
Argentina CNG use expected to cut into gasoline, diesel consumption
Compressed natural gas is becoming trendy again in Argentina, as rising gasoline prices make it more economical, a shift that could help underpin the development of the country’s large shale Continue Reading
Chile’s ENAP, Argentina’s YPF inaugurate $354 million offshore gas project
The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a $354 million project to increase production of natural gas off the southern tip of South Continue Reading
Argentina’s Tierra del Fuego launches onshore E&P round, preps offshore tender
Tierra del Fuego, the southernmost province of Argentina, launched an exploration licensing round Tuesday for two onshore blocks and announced plans for an offshore tender later this year, as it Continue Reading
Argentina moving to develop tight shale oil and gas, speakers say
With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by Continue Reading
Oil majors’ interest in Argentina tests free-market reforms
Oil majors are evaluating bids for offshore exploration rights in Argentina, a major change in a country that sent Spanish energy giant Repsol ( REP.MC ) packing six years ago Continue Reading
Is The Argentinian Shale Boom Finally Taking Off?
Argentina’s state oil and gas company YPF expects its oil and gas production from shale deposits to increase 35 percent this year thanks to falling costs at the huge Vaca Continue Reading
Vista Oil & Gas seals $700m Argentina deal
Six months after bursting on to the Mexican stock market with the third-biggest initial public offering since 2015 and the promise to become a Latin American energy champion, Vista Oil Continue Reading
Argentina’s YPF finalizes deal with Statoil to develop Vaca Muerta
Argentina’s state-run energy company YPF said Thursday it has finalized a deal with Norway’s Statoil to jointly explore and develop a block targeting Vaca Muerta, the country’s largest shale play. Continue Reading
Exxon To Start Exporting Vaca Muerta Gas
Exxon will start exporting natural gas from the massive Vaca Muerta shale play in Argentina to Chile, local media reported . This will make the world’s top oil company the Continue Reading
Statoil takes stronger position in Argentina’s shale
Statoil owned Fagervika oil reservoirs in Trondheim, Norway in 2009. Photo by Sveter/Wikimedia Commons Nov. 30 (UPI) — Norwegian energy company Statoil said it expanded its footprint in Argentina by Continue Reading
Can Argentina Replicate The U.S. Shale Boom?
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take Continue Reading
Argentina’s YPF To Invest $21.5B From 2018 To 2022
YPF plans to invest $21.5 billion in the country from 2018 to 2022. BUENOS AIRES, Oct 25 (Reuters) – Argentina’s state-controlled energy company YPF plans to invest $21.5 billion in Continue Reading
$800 Million Gas Pipeline Proposed As Argentina Preps For Shale Boom
Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina’s Vaca Muerta shale fields, a company source said, aiming to address Continue Reading
Russia Gets Foothold In The World’s Hottest NatGas Discovery
Chinese E&P major Sinopec reportedly put its Argentina assets up for a $1 billion sale this week. With one of the interested buyers said to be Russia’s Rosneft. And that Continue Reading
Argentina Doubles Down On Shale Gas And Renewables
Traditionally one of the most prominent oil and natural gas markets in South America, Argentina is increasingly turning towards alternative forms of energy, with the government exploring shale gas and Continue Reading
BP folds Argentine assets into JV backed by Cnooc
BP has agreed to fold its Argentine assets into a new joint-venture backed by Cnooc of China in a deal that widens both groups’ interests in a country boasting some Continue Reading
Indigenous Mapuche thwart Argentina shale development
Indigenous Mapuche communities demanding cash payments and blocking oil wells in Argentina’s Vaca Muerta area are threatening the long delayed development of the world’s second-largest shale fields, oil companies say. Continue Reading
Norway’s Statoil takes first steps into Argentina’s lauded shale
Norway’s Statoil marks a debut of sorts with a partnership in a shale basin in Argentina, one of the largest in the world. Map courtesy of Statol Aug. 25 (UPI) Continue Reading
The Make Or Break Moment For Argentina’s Shale Boom
Argentina’s abundant shale resources have attracted a growing number of major international companies since the beginning of this year—all of them interested in developing the prized Vaca Muerta shale formation; Continue Reading
Argentina’s Push to Mimic Permian Success Faces Long Road Ahead
Vaca Muerta geology a match, support services fall short Energy assets could be key to country’s economic future Argentina’s Vaca Muerta, one of the largest shale formations outside of North Continue Reading
Exxon Is Going Primetime With The World’s Next Shale Hotspot
The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival — Continue Reading
Exxon Mulls Big Investment In Argentina As Part Of Shale Strategy
ExxonMobil is betting on shale development not only on its home turf. The supermajor is also planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca Continue Reading
Holy Vaca Muerta! There Is Life Beyond The Permian
Industry heavy-hitters reveal their top assets outside of the prolific Permian Basin during a CERAWeek by IHS Markit discussion in Houston. Before “Permania” reignited the oil and gas industry’s lust Continue Reading
Is This Argentinian Shale Play The Next Permian?
Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the Continue Reading
Argentina strikes $15bn a year shale investment deal
President Mauricio Macri is pushing to revamp flagging production at Argentina’s massive shale reserves, with companies agreeing on Tuesday to invest as much as $15bn a year in exchange for Continue Reading
Argentina clinches deal to attract investment in Vaca Muerta shale
Argentina has clinched a deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the Continue Reading
Argentina to Award More Contracts to Build Renewable Power Generators
Argentine officials on Friday said they would grant more contracts to build renewable power generators, bringing the total investment committed to such projects to $4 billion. The government plans to Continue Reading
Argentina plans railway to help lower shale drilling costs
Argentina’s national government is in the preparatory stages for equipping an aging railway and laying new train tracks to service the Vaca Muerta shale play. Jorge Ocampos, a legislator in Continue Reading
Argentina’s YPF to expand shale oil drilling with Petronas
Argentine state-controlled energy company YPF ( YPFD.BA ) said on Wednesday it plans to continue a pilot shale oil project with Malaysia’s Petronas ( PGAS.KL ), announcing an additional $192.5 Continue Reading
Is Argentina About To See An Oil Crash?
It’s been a tough week for the U.S. oil and gas industry, with the Department of Interior annulling 25 leases in Colorado’s Mancos shale (for environmental reasons), and then cancelling Continue Reading
This Entire Region Is Now Shaping Up As The World’s Top Natural Gas Play
I’ve been writing over the last several months about the world’s top natural gas play — the growing demand center of Argentina. And this week, things got even tighter in Continue Reading
The Argentinian Renewable Revolution
Argentina’s government is making the push towards more renewables at an extremely fast rate. The country recently held an auction for long-term contracts totaling a potential 1,109 megawatts of power Continue Reading
Argentina may build LNG liquefaction terminal in far southern: source
Argentina is considering the construction of its first liquefaction terminal to increase natural gas deliveries from the southernmost Austral Basin domestically and eventually to overseas markets, a person close to Continue Reading
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. Continue Reading
BP’s Dudley Favors Argentina Shale Over Costly Texas Permian
Vaca Muerta fields have ‘enormous potential,’ Dudley says Permian Basin shale assets too expensive for company right now BP Plc would rather invest in Argentina’s shale oil fields than in Continue Reading
Argentina’s Shale Industry Makes Progress, But No Boom Yet
Argentina Rig Argentina is advancing in its mission to become the largest shale oil and gas producer outside of North America. But well economics still challenge the industry, despite heavy Continue Reading
Shale Drilling Set To Take Off In Argentina
Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic policies in the ‘80s Continue Reading
Big Legal Move Could Render Argentina Unattractive For NatGas Drillers
Vaca Muerta Argentina has been shaping up as one of the best places on Earth for oil and gas exploration. With high and rising government-mandated prices helping to spur big Continue Reading
Argentina’s ruling party warns of economic fallout without gas price hike
Argentina’s court-ordered suspension of natural gas price hikes could slam consumers with faster inflation and higher taxes, a ruling-party leader warned Friday while also calling on the Supreme Court to Continue Reading
Argentina’s energy needs draw fuel tankers from around the globe
A flotilla of 21 fuel tankers from Europe, the Caribbean, Brazil and the United States is steaming toward Argentina as it ramps up imports of gasoil and liquefied natural gas Continue Reading
Exxon CEO Says Argentina Shale Investment May Exceed $10B
Exxon Mobil Corp. may invest more than $10 billion in Argentina’s Vaca Muerta shale formation in the next decades, Chairman and Chief Executive Officer Rex Tillerson says. (Bloomberg) — Exxon Continue Reading
Argentina’s Prized Vaca Muerta Shale Could See $10B Exxon Investment
Vaca Muerta Shale Having already invested $200 million in Argentina’s Vaca Muerta shale — the world’s second-largest shale gas deposit — supermajor ExxonMobil is now saying it may invest at Continue Reading
Argentina oil production extends decline as rig activity slows
Argentina’s oil production declined 1.6% in January on the year, extending a slide that started in 1998, energy ministry data shows. Crude production dropped to 524,947 b/d in January from Continue Reading
$67 Oil Has All The Majors Converging Here
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy Continue Reading
Argentina’s ‘Dead Cow’ Provides Rare Bright Spot for Oil, Gas Drillers
From North Dakota to Texas and beyond, oil and gas companies have sharply reined in drilling and thousands of workers are being laid off. But here, where the oil and Continue Reading