(Energy Analytics Institute, 20.Apr.2022) — Argentina’s state-owned oil giant YPF Sociedad AnĂłnima reported total production of 470 thousand equivalent barrels per day (Mboe/d) in 2021, up 1% versus 467 Mboe/d in 2020. In 2021, YPF produced 211 Mb/d of oil, 34 Mb/d of NGLs and 1,260 million cubic feet per […]
Category: Argentina
Argentina energy
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario MartĂnez participating in an official ceremony in Loma Campana to inaugurate the NĂ©stor Kirchner Gas Pipeline […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]
Guzmán Says YPF’s Recuperation “Was an Act of Sovereignty”
(Energy Analytics Institute, 16.Apr.2022) — The recovery of Argentina’s state oil giant YPF some 10 years ago was an act of sovereignty that changed the dynamics of the sector and made the Vaca Muerta formation relevant, according to Argentina’s Economic Minister MartĂn Maximiliano Guzmán. The most relevant transformation was the notable increase […]
NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022
(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
GeoPark Announces 1Q:22 Operational Update
(GeoPark, 11.Apr.2022) — GeoPark Limited announced its operational update for the three-month period ended March 31, 2022 (“1Q2022”). All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified. Highlights Accelerating Production Growth Consolidated oil and gas production of […]
Argentine Oil Union Wants Back Jobs Lost in Pandemic Amid Rise in Business
(Reuters, 11.Apr.2022) — Argentina’s largest oil union called on the industry to restore jobs lost during the COVID-19 pandemic following a significant increase in production, the union’s leader told Reuters. The South American nation is trying to increase its production to reverse its long-suffering energy deficit, which is hitting its […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President AndrĂ©s Manuel LĂłpez Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of NeuquĂ©n […]
NRGBriefs: Argentina Grants Chevron El Trapial Este Concession
(Energy Analytics Institute, 9.Apr.2022) — Energy briefs including Argentina granting the El Trapial Este hydrocarbon concession to Chevron; and EP PetroEcuador reporting average production of 372,609 b/d in 2021. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina granted the El Trapial Este hydrocarbon concession to Chevron. The deal implies the […]
Latin America Inflation Shocks Raise Prospect of More Rate Hikes
(Bloomberg, 8.Apr.2022) — Latin America’s central bankers are facing renewed pressure to extend aggressive interest-rate hikes after consumer prices stormed past estimates across the region, driven by soaring costs of raw materials. March’s inflation blew past even the most pessimistic forecasts in Brazil and Chile, according to official numbers released […]
Argentina Gov’t Says Bolivia Gas Deal to Save $769mn, Replace LNG Imports
(Reuters, 8.Apr.2022) — 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), Energy Secretary Dario Martinez said on Friday. Argentine President Alberto Fernandez and his Bolivian counterpart Luis Arce […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartĂn Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
![NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/Mantaro_Silver_Corp__Mantaro_Silver_Corp_1-1.jpg)
NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]
(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]
Orvana CEO Optimistic About Taguas Project in Argentina
(Orvana Minerals, 31.Mar.2022) — Orvana Minerals Corp. (TSX: ORV) reported on infill and expansion drilling results for the company’s 100%-owned Taguas Project in San Juan, Argentina. As of 27 March 2022, 24 DDH holes totaling 3,845m have been drilled, of which 1946.5m (12 DDH) have analytical readings already. Work to date represents the first […]
Distressed Argentina Oil Firm Leads Emerging-Market Bonds
(Bloomberg, 31.Mar.2022) — Only 14 months ago Argentina’s YPF SA was a nightmare for investors caught out by a $6 billion distressed debt restructuring. Now, in a swift turnaround, the 100-year-old state-run oil company is producing the best fixed-income returns in all of emerging markets. YPF has rewarded steely creditors […]
![NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/pdvsa-1-petropiar.jpg)
NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Mar.2022, Words: 583) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO in its achieving its 1000th crude offload; Petrobras filing its Form 20-F for the year ended 31 Dec. 2021; Ecopetrol reporting that the ordinary General […]
Gazprom Expresses Interest in Selling LNG to Argentina
(Energy Analytics Institute, 30.Mar.2022) — Gazprom expressed interest in supplying liquefied natural gas (LNG) to Argentina to replace market share lost due to sanctions imposed by the US and Europe in response to Russia’s invasion of Ukraine. Gazprom reportedly sent an offer to state-owned company IntegraciĂłn EnergĂ©tica Argentina (IEASA, formerly […]
YPF Taking Steps to Provide Diesel to Farmers Amid Shortage Concerns
(S&P Global, 30.Mar.2022) — YPF, the biggest oil producer and refiner in Argentina, said late March 29 that it is taking steps to meet farmers’ diesel demand during the spring harvest of major export crops, as concerns swell of shortages. The state-backed company said that through its more than 100 […]
Triangle Lithium LLC Starts Antofalla Drilling Campaign in Argentina
(Triangle Lithium, 28.Mar.2022) — Triangle Lithium LLC’s subsidiary Triangle Lithium Argentina, SA (Trila), a joint venture with Lithium Energi Argentina, SA (LEA), finalized and executed all the contracts required to kick off its drilling campaign in the Antofalla Salar in Catamarca Province, Argentina. Work will commence in the next ten days. […]
War Turns Argentina’s Shale Boom Dream into Gas-Buying Nightmare
(Bloomberg, 28.Mar.2022) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina’s gas industry has suffered from years of underinvestment that’s left it […]
Argentine Gas Transporter Adding Capacity from Vaca Muerta Shale Play
(S&P Global, 23.Mar.2022) — Transportadora de Gas del Sur, or TGS, the biggest gas transporter in Argentina, said late March 22 it plans to invest $60 million to build a 17 million cu m/d pipeline out of Vaca Muerta, the latest transport project in the shale play that is boosting […]
POSCO Holdings Inc. Invests $839mn in Lithium Business in Argentina
(POSCO Holdings, 23.Mar.2022) — POSCO Holdings started construction of a plant to commercialize brine lithium in Argentina. The POSCO Group is Argentina’s first to produce lithium hydroxide for batteries through the entire process, from acquisition of mining rights to exploration to construction and operation of a production plant. On the 23rd, […]
![NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/argentina_edited_20160919-source-baker-mckenzie.jpg)
NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]
(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]
Argentina Lithium Starts Geophysics Program at Rincon West Project
(Argentina Lithium & Energy Corp., 21.Mar.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) commenced advanced geophysical imaging surveys at its Rincon West Lithium Project, located at the Salar de Rincon in Salta Province, Argentina. The deep-seeing Transient Electromagnetic Sounding survey will image the sub-surface of the basin, […]
NRGBriefs: Argentina’s Oil Production Reaches 571,000 b/d in Feb. 2022
(Energy Analytics Institute, 21.Mar.2022) — Energy briefs including Argentina’s oil production rising in Feb. 2022 to 571,000 b/d, its highest mark since Dec. 2011; and NeuquĂ©n Province’s Governor Omar GutiĂ©rrez participating in the official inauguration of the Argentina Oil & Gas (AOG2022) event in Buenos Aires. LATIN AMERICA AND THE […]
Lithium South Completes Environmental Baseline Study in Argentina
(Lithium South, 17.Mar.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced finalization of the Environmental Baseline Study for the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. E&C Consultores of Salta have been completing the final in field survey, collecting data on the Flora, Fauna, […]
NRGBriefs: Washington yet to Ease Sanctions on Venezuela
(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and Washington continuing to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their […]
SWVL Commits FDI to Argentina to Improve Mass Transit
(Swvl Inc., 15.Mar.2022) — Swvl Inc., a global provider of transformative tech-enabled mass transit solutions, and the government of Argentina announced that Swvl will become a significant foreign direct investor in Argentina to improve the reliability, safety and demand responsiveness of mass transit systems across the country. Swvl will make an initial $15mn investment, which will […]
Pampa EnergĂa Says 4Q:21 Results Boosted by Plan Gas
(Pampa EnergĂa, 10.Mar.2022) — Pampa EnergĂa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the fiscal year and quarter ended on 31 December 2021. Pampa’s financial information adopts US$ as functional currency, and it’s expressed in AR$ […]
Argentina to Attack Inflation While Pursuing Gas Opportunities
(Energy Analytics Institute, 9.Mar.2022) — Argentina’s economy grew around 10.3% in 2021 but one of the country’s primary headwinds relates to taming inflation, the country’s Economic Minister MartĂn Guzmán said from Houston, Texas. “The principal objective of the macroeconomic policy is to attack inflation in an economy that is recovering […]
![NRGBriefs: CARICOM and SICA Unite at Belize Summit [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/caricom-sica-source-caricom-energy-analytics-institute-scaled.jpg)
NRGBriefs: CARICOM and SICA Unite at Belize Summit [PDF Downloads]
(Energy Analytics Institute, 4.Mar.2022) — Energy briefs including Argentina’s state-owned entity YPF reporting a major reduction in gross debt; officials from CARICOM and SICA coming together at a summit in San Pedro, Belize; Gustavo Petro continuing to lead in a new election poll compiled by Colombia Opina#10 and Invamer; Guyana […]
NRGBriefs: Gustavo Petro Gaining In Popularity in Colombia
(Energy Analytics Institute, 3.Mar.2022) — Energy briefs including YPF selecting advertising and communication agency Sentidos to carry out its campaigns on different platforms; Colombia’s presidential hopeful Gustavo Petro boosting his appeal among voters amid Iván Duque’s rising unpopularity; Guyana’s gov’t continuing to review ExxonMobil‘s development plan for its Yellowtail project; […]
IMF and Argentine Authorities Reach Agreement on an Extended Fund Facility
(IMF, 3.Mar.2022) — An International Monetary Fund (IMF) team, led by Julie Kozack, Deputy Director of the Western Hemisphere Department, and Luis Cubeddu, Mission Chief for Argentina, issued the following statement today: “IMF staff and the Argentine authorities have reached a staff-level agreement on the economic and financial policies to […]
YPF Sees Fourth-Quarter Profit Dip by More Than Half
(Reuters, 3.Mar.2022) — Argentine state oil company YPF on Thursday posted a $247 million net profit in the fourth quarter 2021, a 54% drop compared to the year-ago period. The company said profit was hurt by high international prices that could not be fully passed onto local customers. However, revenue […]
NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 and FY:21 webcast to discuss financial and operational results; Exxon updating on its operations offshore Guyana during its virtual Investor Day 2022 webcast [PDF download]; […]
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region
(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]
NRGBriefs: Guyana Launches Local Content Registry
(Energy Analytics Institute, 25.Feb.2022) — Energy briefs including Energy Analytics Institute (EAI) believing that the recent commencement of war between the Ukraine and Russia offers the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from […]
How the War in Ukraine Could Empower Maduro
(Foreign Policy, 25.Feb.2022) — The highlights this week: how the war in Ukraine could prolong Venezuela’s political crisis, Colombia decriminalizes abortion, and a Mexican marathoner completes a cross-country journey. When Anti-Imperialism Meets Noninterference In the weeks before Russia began its large-scale invasion of Ukraine this Thursday, two Latin American presidents, Jair Bolsonaro of Brazil and Alberto Fernández of […]
NRGBriefs: YPF conf. call; Venezuela’s Maduro advocates for peace in Ukraine conflict
HOUSTON, TEXAS (Energy Analytics Institute, 24.Feb.2022) — Energy briefs including Argentina’s state oil entity YPF revealing details of 4Q:21 and YE:21 results conference call on 4 Mar. 2022; Ecopetrol S.A. releasing details related to amendments to its bylaws to be submitted for consideration at the general shareholders’ meeting slated for […]
![NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/2021-5-13-NGC-spends-Millions-on-Train-1-but.png)
NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]
(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]
Neuquén Province January 2022 Production Rises YOY
(Energy Analytics Institute, 21.Feb.2022) — Crude oil and natural gas production from Argentina’s NeuquĂ©n Province grow in January 2022 owing to development of unconventional projects approved by the provincial government, according to Alejandro Rodrigo Monteiro, NeuquĂ©n’s Minister of Energy and Natural Resources. NeuquĂ©n’s oil production averaged 254,357 barrels per day […]
NRGBriefs: University of Guyana Students Invited to Oil Conference
(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]
How China Beat Out the US to Dominate South America
(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]
Interoil Provides Argentina and Colombia Production Update
(Interoil, 15.Feb.2022) — Interoil provided production details from its operations in Argentina and Colombia. Below are details of average gross operated production in January 2022 and corresponding numbers for December 2021. Comments In January 2022, average daily production was 3,358 barrels of oil equivalents per day (boepd), compared to 3,104 […]
![NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/barrel-vaca-muerta-vista-oil-and-gas-latamnrg.jpg)
NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]
(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]
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Top NRG headlines from Argentina and Colombia to Venezuela [photos]
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2022) — Energy Analytics Institute‘s photo journalistic recap of 10 of our top headlines on Instagram in recent weeks. ____________________ By Ofelia Paredes. © Energy Analytics Institute (EAI). All Rights Reserved.