Argentina Archives - Page 16 of 25 - Editores LatinPetroleum

Argentina Extends Diesel, Gasoline Frice Freeze

(Argus, 30.Jan.2020) — Argentina’s government said Thursday it has extended a freeze on diesel and gasoline prices until the end of February, as it tries to reel in one of the highest inflation rates in the world. The freeze had been due to end Friday, but the country’s president, Alberto […]

YPF Deepens Partnership With Equinor And Shell

(Energy Analytics Institute, Aaron Simonsky, 31.Jan.2020) — The presidents of YPF, and European companies Equinor and Shell meet to discuss the scope of signed agreements and plans for the development of the Bandurria Sur Block. Executives participating the discussions included: YPF President Guillermo Nielsen, Equinor President Nidia Álvarez Crogh, Shell […]

IOCs To Press On With Vaca Muerta Projects

(S&P Global Platts, 27.Jan.2020) — 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 play, raising concerns of a slowdown in oil and natural gas production growth. Representatives of […]

President Updates On Trafigura Subscription

(President Energy, 20.Jan.2020) — President Energy plc reports on subscription for new ordinary shares by Trafigura, conversion of debt into equity and immediate reduction of debt by $5.95 million and potentially up to $14.8 million. TRANSACTION HIGHLIGHTS: — The international commodity trader Trafigura has agreed to take a significant stake […]

Argentina President Sees Potential In Conventionals

(S&P Global Platts, 13.Jan.2020) — 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 is little exploration to find new deposits, and there is very little secondary and tertiary […]

Politics Driving Shale Fluctuations In Argentina

(Argus, 8.Jan.2020) — Argentina’s shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the year. A total of 6,425 hydraulic fractures were carried out last year in the Vaca Muerta formation, a 33pc increase from 4,825 in 2018, according […]

Politics Drives Shale Fluctuations In Argentina

Esteban Kiper Appointed GM At CAMMESA

(Energy Analytics Institute, Aaron Simonsky, 12.Dec.2019) — Mr. Esteban Kiper was appointed as General Manager of the Electric Market Management Company or CAMMESA, during an ordinary assembly chaired by Argentina’s Energy Secretariat Sergio Lanziani. “I am a representative of the provinces and I invite all actors in the electricity sector […]

Argentina’s Shale Boom Hits New Milestone

(Oilprice.com, Irina Slav, 10.Dec.2019) — 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 Platts reports, citing a source close to the company. The record-breaking lateral—the horizontal part of […]

Vista, YPF Win Vaca Muerta Licenses

(S&P Global Platts, 3.Dec.2019) — Argentina’s Neuquen province awarded development licenses to Vista Oil & Gas and YPF in Vaca Muerta, a giant shale play that has seen investment and production growth slow this year on economic and political uncertainty. Mexico City-based Vista won a license to develop Aguila Mora […]

Producers Delay Boosting Vaca Muerta Output

(S&P Global Platts, 20.Nov.2019) — Three leading oil companies in Argentina, buoyed by the quality of the shale resources, are ready to ramp up oil and natural gas production in Vaca Muerta, but they are holding back until the economic and energy policies of the incoming government are more clear, […]

Exxon, Shell To Delay Vaca Muerta Production

(Seeking Alpha, Carl Surran, 20.Nov.2019) — Exxon Mobil and Royal Dutch Shell say they want to ramp up oil and natural gas production in Argentina’s Vaca Muerta shale play but are holding back awaiting clarity on the incoming government’s economic and energy policies. “The resource has great quality… the same […]

Moody’s Ends YPF Review

(Moody’s, 15.Nov.2019) — Moody’s Investors Service completed a periodic review of the ratings of YPF Sociedad Anonima and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the […]

GeoPark Announces All-Cash Deal With Amerisur

(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador announces the acquisition of Amerisur Resources Plc. Strategic Rationale: Capturing Scale GeoPark has a 17-year track record of creating value […]

Bolivia Warns Of Force Majeure On Gas Exports

(Argus, 12.Nov.2019) — Bolivia’s deepening political crisis is starting to take a toll on its vital hydrocarbons industry. YPFB, Bolivia’s state-owned oil and natural gas company, warned Argentina it may not meet its gas export commitments because of the current unrest that has engulfed the country and led to a […]

Exmar’s First LNG Shipment In Argentina

(EXMAR, 12.Nov.2019) — Exmar announced the first commercial LNG cargo has left Argentina for export. It was produced on board Exmar’s Tango FLNG and is now being transported by Excalibur, an Exmar’s fleet LNG carrier. Exmar’s Board of Directors and management want to congratulate both Exmar and YPF teams for […]

Chubut Preparing For Cerro Negro Oil Auction

(S&P Global Platts, 12.Nov.2019) — Chubut is preparing to hold an auction of assets in Cerro Negro, a maturing conventional block in the southern Argentinian province, part of a wider effort to boost its oil production, the province’s minister of hydrocarbons, Martin Cerda, said. “We are working to hold the […]

Pampa Energía 3Q:19 Results

(Pampa Energia, 11.Nov.2019) — Pampa Energía S.A. announced the results for the nine-month period and quarter ended on September 30, 2019. The Company adopted the US Dollar as functional currency (‘FC US$’) for the reporting of its financial information, effective as from January 1, 2019. However, the information of the […]

Petrobras Delists From Argentine Stock Exchange

(Petrobras, 11.Nov.2019) — Petrobras, following communications disclosed on 08/09/2019, 10/04/2019 and 11/04/2019, reports that it proceeded to the withdrawal of the public offering regime in Argentina and that, therefore, today was the last trading day of the company’s stocks in that market. Argentine shareholders who still hold stocks of the […]

Pampa Energia Sets 3Q:19 Conference Call Date

(Energy Analytics Institute, Aaron Simonsky, 11.Nov.2019) — Pampa Energía S.A. announced it will host a conference call to discuss the company’s Q3 19 results on Tuesday 12 Nov. 2019 at 10:00 a.m. Eastern Standard Time / 12:00 p.m. Buenos Aires Time. The host will be Lida Wang, Investor Relations Manager […]

YPF Loads 1st Commercial LNG Cargo

(Reuters, Jessica Jaganathan and Ekaterina Kravtsova, 8.Nov.2019) — Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday. Argentina’s export joins a wave of new supply flooding the spot market which has depressed […]

Centaurus Changes OTC Symbol

(Centaurus, 7.Nov.2019) — Centaurus Energy Inc., formerly Madalena Energy Inc., announced that the Financial Industry Regulatory Authority, Inc. (FINRA) approved a change in the company’s stock symbol on the OTC Markets. Effective 7 November 2019, the company’s common shares are expected to trade on the OTC Markets under the symbol […]

Don’t Count On Oil To Reignite Latin America

(Project Syndicate, Mauricio Cárdenas, 5.Nov.2019) — Some regard Latin America as the world’s new oil frontier, and think that the region could potentially add three million barrels per day to global output during the next decade. But, although Brazil is well placed to ramp up production, Mexico and Venezuela seem […]

Petrobras Extends Period On Argentine Exchange

(Petrobras, 4.Nov.2019) — Petrobras informs, in addition to the press releases issued on August 9 and October 4, 2019, that it has decided to extend until November 11, 2019 the period during which its shares will remain traded in the Argentine stock exchange. Therefore, after 5 pm on that date, […]

Maduro Pledges Funds For Shipyard In Argentina

(Reuters, Luc Cohen, 3.Nov.2019) — Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet. Maduro, a socialist who has overseen a drastic economic collapse […]

Ali Moshiri Seeks $500mn For Post-Sanctions Venezuela

(Reuters, Jennifer Hiller, 21.Oct.2019) — The former chief of Chevron Corp’s Latin American operations is moving to raise $500 million from big financial firms to invest in Venezuela once U.S. sanctions are eventually lifted, confident that political change will come and that foreign investment will be needed to boost sagging […]

Echo Announces Proposed Acquisition In Argentina

(Echo, 21.Oct.2019) — Echo Energy entered into a binding conditional sale and purchase agreement (the “SPA” or “Acquisition Agreement”) for the proposed acquisition by the company of a 70 per cent. initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks (the “Santa Cruz Sur […]

Bolivia Crippled As Leftist Leader Faces Vote

(Bloomberg, Peter Millard, 14.Oct.2019) — For two years, Bolivia pushed to boost natural gas production, a longtime key to its prosperity, by drilling for new discoveries on its southeastern lowlands. The result: An 8 kilometer (5 mile) deep dry hole. There’s arguably no more apt symbol for the situation facing […]

Petrobras Delists Shares From Argentine Exchange

(Petrobras, 4.Oct.2019) — Petrobras informs, in addition to the press release issued on August 9, 2019, that the Comisión Nacional de Valores (CNV), the Argentine capital market regulator, has authorized the withdrawal of its shares from the public offering regime, exempting the company from promoting a public offering for the […]

Tango FLNG In Second Week Of Ops In Argentina

(EXMAR, 30.Sep.2019) — The Tango FLNG has been receiving feed gas from YPF since 9 September 2019 and has been producing LNG to its full capacity since then. In the first two weeks of operations, the Tango FLNG has transferred 25,000 cubic meters of LNG to a storage vessel chartered […]

Argentina’s Vaca Muerta Comparable to Permian Basin

(Energy Analytics Institute, 4.Sep.2019) — “The massive Vaca Muerta formation is geologically comparable to the best US oil basins, particularly the Permian Basin in West Texas and southeastern New Mexico, and has the potential to join the ranks of the best oil plays in the world,” Exterran Vice President Federico […]

Argentina Reinforces Security Of Vaca Muerta

(Reuters, 16.Sep.2019) — The Argentine government will step up security in the Vaca Muerta oil fields by placing the shale formation under the jurisdiction of the military police, the Ministry of Security said on Monday. Vaca Muerta is viewed as a key source of foreign exchange for Argentina´s struggling economy […]

Argentina Pursues $5bn LNG Project Amid Political Havoc

(Bloomberg, Jonathan Gilbert, 4.Sep.2019) — Argentina’s state-run oil company, YPF SA, is pushing ahead with plans to build a $5 billion natural gas export terminal despite the political and financial chaos racking the nation. The driller, which has led development of the nation’s Vaca Muerta shale trove, is in talks […]

Brazil Senate Approves TOR Settlement With Petrobras

(Reuters, 3.Sep.2019) — Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear the way for auctions later this year. Senators agreed that 3 […]

LatAmNRG briefs: Liza Destiny, Dos Bocas, PDVSA

HOUSTON, TEXAS (By Energy Analytics Institute, Aaron Simonsky, 29.Aug.2019, Words: 327) — LatAmNRG briefs related to the Liza Destiny FPSO reaching Guyana, PDVSA investigating recent LPG plant explosion in Los Valles del Tuy, Dos Bocas Refinery conditioning work advancing in Mexico, and Ball Corporation signs a deal to divest its […]

Bolivia’s Gas Exports Down 30.4% YTD Thru May

(Energy Analytics Institute, Ian Silverman, 24.Aug.2019) — A report by Bolivia’s National Institute of Statistics (INE by its Spanish acronym) published in July 2019 shows that between January and May external demand for Bolivia’s natural gas is down 30.4% compared to the same five-month period in 2018. Bolivian gas exports […]

Equinor Signs Deal With YPF

(Zacks Equity Research, 22.Aug.2019) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the CAN 100 Block. The offshore prospect — acquired by YPF Sociedad in May — is located in the North Argentinian […]

Equinor Inks Deal With YPF, Expands In Argentina

(Zacks, 22.Aug.2019 ) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the CAN 100 Block. The offshore prospect — acquired by YPF Sociedad in May — is located in the North Argentinian Basin. […]

Argentina, Chile Ink Emergency Energy Deal

(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui held meetings with his Chilean counterpart Juan Carlos Jobet to sign an Emergency Energy Coordination Protocol for energy emergencies and discuss bilateral energy cooperation affecting both natural gas, crude oil and electrical interconnections. The Emergency Energy Coordination Protocol […]

Argentina NatGas Exports Reach 5.9 MMcm/d In 1H:19

(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2019) — Argentina shipped an average 5.9 million cubic meters per day (MMcm/d) of natural gas to Chile, Brazil and Uruguay during the first half of 2019. Argentina re-initiated gas exports to Chile in September 2018 under an interruptible modality, after abruptly suspending shipments in […]

Equinor And YPF Ink Offshore Exploration Deal

(Equinor, 21.Aug.2019) — Equinor’s executive vice president for Exploration, Tim Dodson, and YPF’s CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentinian Basin. The preliminary agreement, which was signed at Equinor’s office in Oslo, Norway, sets the core terms […]

Argentina Inks NatGas Export Deal With Chile

(Energy Analytics Institute, Aaron Simonsky, 21.Aug.2019) — Argentina and Chile signed an agreement for the export of natural gas from the former to the latter. The deal — under the framework of Resolution 417/19 from 26 July (which established new guidelines for regarding authorization of natural gas exports) — through […]

Argentina’s Energy Secretariat Meets With Governors, Companies

(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui held a meeting in provinces with governors and oil company executives to discuss recently announced freezes to oil and fuel prices. This was the first such discussion in which the Argentine government sought to establish joint dialogue with […]

Argentina Seeks To Stabilize Peso As Oil Companies Fret About Price Freeze

(S&P Global Platts, 20.Aug.2019) — Argentina’s newly installed economy minister, Hernan Lacunza, said Tuesday he will focus on stabilizing the currency as the key to pulling the country’s economy out of recession and reducing inflation, yet he will face pressure from oil companies who are concerned that a 90-day freeze […]

Argentina Enforces Fuel Price Caps

(Argus, 16.Aug.2019) — The price cap takes effect immediately, according to a decree published in the Official Bulletin, the newspaper of record. The downstream sector must keep oil product prices at the same levels as August 9 in all outlets, including retail and wholesale, through November 15, the decree states. […]

Argentina Freezes Local Oil, Fuel Prices For 90 Days

(Baker McKenzie, 16.Aug.2019) — In a context of a series of government measures aimed at appeasing the adverse economic effects arising as a result of the recent primary presidential elections in Argentina, the National Executive Branch issued today Emergency Decree 566/2019 freezing the exchange rate and price of crude oil […]

Argentina Caps Oil Prices By Decree

(Argus, 16.Aug.2019) — Argentina implemented a three-month freeze on fuel and crude prices through an emergency decree, eschewing an earlier plan to apply a decades-old law that was designed to avoid shortages. The decree specifies that refiners and hydrocarbon producers must fulfill all existing domestic demand during the period when […]

Sungrow Supplies Argentina’s Solar Plant

(Sungrow, 16.Aug.2019) — Sungrow, the global leading inverter solution supplier for renewables, announced that a 100.1 MWp solar plant utilizing the Company’s 1500Vdc central inverter solutions came online in Cafayate, Salta Province, Argentina, demonstrating the Company’s dedicated contribution to the largest solar plant in one of LATAM’s most booming solar […]

Argentina’s Opposition Primary Win May Put Energy Investment On Hold

(S&P Global Platts, 12.Aug.2019) — Argentina’s leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries Sunday, putting it in the running to win the October 27 general election and damp investment in the oil and natural gas sector. Frente de Todos, led […]

Petrobras Delists Shares From Argentine Exchange

(Petrobras, 9.Aug.2019) — Petrobras announces that its General Shareholders’ Meeting approved today the delisting of its common and preferred shares from Bolsas y Mercados Argentinos (BYMA) and the withdrawal from public trading in Argentina. The withdrawal from public trading still depends on the approval of the Argentine capital markets regulator. […]