(Canadian Solar, 5.Aug.2019) — Canadian Solar Inc. announced its 100.1 MWp Cafayate solar power project in Argentina started commercial operation on July 19, 2019. It is now the largest operational solar power plant in the country. Located in the Province of Salta, the solar project is powered by over 289,000 […]
Category: Argentina
Argentina energy
Argentina Gas Output At Highest Point In 11 years
(Energy Analytics Institute, Aaron Simonsky, 29.Jul.2019) — Production of crude oil and natural gas in Argentina continues to rise, aided by growth in unconventional volumes from the Vaca Muerta formation. Highlights: — Gas production in June 2019 rose 5.8% compared to June 2018; reaches highest point since September 2008 — […]
YPF Advances LNG Exports With Excelerate’s Assistance
(Excelerate, 25.Jul.2019) — YPF announced that a preliminary agreement was reached with Excelerate Energy L.P. (Excelerate) for the charter of a liquefied natural gas (LNG) carrier, which will export LNG produced from the TANGO FLNG unit, located in BahĂa Blanca, to the global natural gas market. Both parties will be […]
Wintershall Dea And ConocoPhillips Team Up In The Prolific Neuquén Basin
(Wintershall, 25.Jul.2019) — ConocoPhillips is a new partner in the Aguada Federal and Bandurria Norte blocks with Wintershall Dea. The two companies will advance the development of the significant Vaca Muerta shale resources in the blocks. Wintershall Dea is pleased to announce that it has signed a Sales and Purchase […]
McDermott Awarded Pre-FEED Contract For Vaca Muerta LNG In Argentina
(McDermott, 19.Jul.2019) — McDermott International, Inc. has been awarded a sizeable* contract by Argentina-based YPF, S.A. to provide pre-front-end engineering design (Pre-FEED) services for a five million tonnes per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina. The […]
Argentina: YPF Will Sell CNG At Its Gas Stations
(PetroPlaza, 15.Jul.2019) — The high production of Vaca Muerta’s field has driven the oil company to enter the Argentinian natural gas market. The high production of natural gas from Vaca Muerta’s field has prompted YPF Argentina to offer natural-based fuel in its network of gas stations. The company has stated […]
Vaca Muerta Output Growth Leads To LNG Exports
(EIA, 12.Jul.2019) — Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the NeuquĂ©n Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018. As production […]
Argentina Opens Tender For $2bn Vaca Muerta Pipeline
(Reuters, 10.Jul.2019) — Argentina has opened the tender for a new $2 billion gas pipeline from the huge Vaca Muerta shale field, which according to the country’s Energy Secretariat, should be completed the middle of 2021. The pipeline, which a government source previously estimated would cost $2 billion, will run […]
Bolivia To Buy Petrobras’ Stake In Gas Pipeline
(Reuters, 9.Jul.2019) — Bolivia’s state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday. YPFB intends to bid on an unidentified portion of the 51% stake […]
YPF Launches YPF Ventures, Invests In Bird
(YPF, 8.Jul.2019) — YPF announced the launch of YPF Ventures, a corporate venture capital fund that will expand YPF’s influence into emerging energy businesses. YPF is one of Latin America’s largest energy companies with $15B in revenue and 21 thousand employees. YPF Ventures is distinct from other corporate energy venture […]
Shale Helps Argentina Hit Oil, Natgas Output Record
(Reuters, 2.Jul.2019) — Argentine oil and natural gas output hit a record high in May thanks to increased production from the country’s sprawling Vaca Muerta shale formation, the government said on Wednesday. National gas production increased 7.6% in May compared with the same month last year, while oil production grew […]
Total Eclipse Wipes Out Half Of Chile’s Solar Power
(Bloomberg, Laura Millan Lombrana, 2.Jul.2019) — The total eclipse that plunged South America into darkness for a short while on Tuesday also knocked out about half of Chile’s solar power. Chilean solar farms, which can altogether produce about 2 gigawatts of electricity, saw their output slide by 1.2 gigawatts, according […]
Moody’s Assigns B2 Rating To Pampa Energia’s Notes
(Moody’s, 1.Jul.2019) — Moody’s Investors Service assigned a B2 rating to Pampa EnergĂa S.A.’s proposed senior unsecured notes. The outlook is stable. Net proceeds from the proposed issuance will be used for liability management, capital spending, working capital and/or make capital contributions to certain subsidiaries or affiliates. The rating of […]
Techint To Build Headquarters In Neuquén
(Energy Analytics Institute, Aaron Simonsky, 27.Jun.2019) — Techint Group’s Argentine affiliate Tecpetrol plans to inaugurate a new office in NeuquĂ©n by April 2020. “We hope to inaugurate the building next year, and probably sometime during the first four months of the year,” reported online media RĂo Negro, citing Tecpetrol CEO […]
NASA To Livestream South America Total Solar Eclipse
(NASA, 27.Jun.2019) — NASA has partnered with the Exploratorium in San Francisco to bring live views to people across the world of a total solar eclipse, occurring Tuesday, July 2, over South America. The eclipse will only be visible directly to observers within the path of totality, which stretches across […]
Tullow Eyes Two Guyana Exploration Wells In 2H:19
(Tullow, 26.Jun.2019) — In Guyana, Tullow plans to drill two consecutive exploration wells in the second half of 2019 on the Orinduik licence with the Stena Forth drillship which is currently in transit from Ghana. The first well will target the Lower Tertiary Jethro prospect and drilling is expected to […]
ENRE Fines Edesur $278.2mn Related To Electrical Safety
(Energy Analytics Institute, Aaron Simonsky, 25.Jun.2019) — Argentina’s regulator of electric services or ENRE fined Edesur $278.2 million for “anomalies” related to electrical safety along public highways. ENRE ordered the sanction for reported defaults that were verified between July and September of 2017, reported online media ClarĂn. During that period, […]
U.S. Judge Sets Audience For 11 July 2019
(Energy Analytics Institute, Aaron Simonsky, 25.Jun.2019) — Lawyers defending Argentina and Burford Capital faced off in the court of Judge Loretta Preska in the first official trail appointment related to the nationalization of YPF since the Supreme Court declined Argentina’s request seeking to annul the suit in the U.S. Supreme […]
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA — During the first half of July a tender will be launched in Argentina for the construction of a new natural […]
Vaca Muerta Finally Produces Oil, 100 Years Later
(Bloomberg, Jonathan Gilbert, 25.Jun.2019) — Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as the Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago — that the Vaca Muerta, or dead […]
YPF Nationalization Trial To Continue In The U.S.
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2019) — The U.S. Supreme Court of Justice dealt another blow to the strategy of the government of Argentina’s President Mauricio Macri when it deactivated the multi million-dollar demand from Burford Capital for the nationalization of YPF; thus, giving a definite green light for the […]
Moody’s Assigns B2 Rating To YPF’s Proposed 2029 Notes
(Moody’s 24.Jun.2019) — Moody’s Investors Service (“Moody’s”) has assigned a B2 rating to YPF Sociedad Anonima’s (YPF) proposed senior unsecured notes due 2029. The issuance volume will be in line with benchmark size. The outlook is stable. Net proceeds from the proposed issuance will be used for liability management, capital […]
Echo Completes Tapi Aike Seismic Acquisition
(Echo, 19.Jun.2019) — Echo Energy plc announced completion of the 3D seismic survey across the western cube on its Tapi Aike licence in Argentina and that processing of the western cube data acquired has now commenced. Equipment is currently being demobilised out of the area by the seismic acquisition contractor […]
“We Don’t Know Anything Yet” About The Power Outage, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 17.Jun.2019) — Regarding a power outage that affected Argentina and Uruguay on 16 June, Argentina’s Energy Secretariat Gustavo Lopetegui said: “We don’t know anything yet.” An investigation to take at least 15 days will assist Argentine authorities to find the causes of the blackout, reported […]
Power Returns After Blackout In Argentina And Uruguay
(Reuters, 16.Jun.2019) — Power returned to much of Argentina and two neighbouring countries following a massive blackout that left tens of millions in the dark on Sunday, but Argentine President Mauricio Macri said the cause of the “unprecedented” outage was still unclear. Argentina’s grid “collapsed” around 7 a.m. local time leaving […]
Argentina And Uruguay Scramble To Restore Power
(Reuters, Adam Jourdan and Eliana Raszewski, 16.Jun.2019) — Argentina and Uruguay were scrambling to restore power to millions of people after a massive power failure hit the Argentine grid early on Sunday, Argentina’s Energy Secretariat said. Energy company Edesur Argentina said it had restored power for 75,000 clients in the […]
Power Failure Cuts Power To All Of Argentina And Uruguay, Supplier Says
(BBC, 16.Jun.2019) — A massive electrical failure has left all of Argentina and Uruguay without power, according to a major Argentine electricity provider. Reports said the power cut had also affected parts of Brazil and Paraguay. Argentine media said the power cut occurred shortly after 07:00 (11:00 BST), causing trains […]
CBHE President: Export Volumes Don’t Determine Profitability
(Energy Analytics Institute, Aaron Simonsky, 16.Jun.2019) — An agreement signed between Bolivia and Paraguay, to carry out a study aimed at building a binational gas pipeline, is important and the volume exported doesn’t determine the profitability of a business, Bolivia’s Information Agency (ABI) reported, citing Bolivia’s Hydrocarbons and Energy Chamber […]
Argentina And Uruguay To Advance Salto Grande Project
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The first phase of the joint development plan between Argentina and Uruguay to renovate the Salto Grande Bi-national Hydroelectric Complex will move forward with financing of $80 million from an Inter-American Development Bank (IDB) loan, Argentina’s Energy Secretariat said 14 June in an […]
Argentina Eyes Exporting Oil In 2020, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui highlighted investments announced by Exxon Mobil destined for the massive development the Bajo del Choique – La Invernada block during the 6th Vaca Muerta Executive Board meeting that took place 14 June in NeuquĂ©n. “There are already four […]
Sixth Vaca Muerta Executive Board Meeting In Neuquén
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The 6th Vaca Muerta Executive Board meeting took place 14 June in NeuquĂ©n in the presence of the NeuquĂ©n Governor Omar GutiĂ©rrez and Argentina’s Energy Secretariat Gustavo Lopetegui. During the meetings, several sub-working table groups comprised of representatives of the national and provincial […]
ExxonMobil Moving Forward With Vaca Muerta Expansion
(Exxon, 13.Jun.2019) — ExxonMobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval […]
Irving-Texas’ ExxonMobil Decides To Develop Argentina’s Oil Block
(Zacks, 12.Jun.2019) — Exxon Mobil Corporation XOM recently announced its decision to develop an oil project in Argentina. The long-term project will be conducted in the Bajo del Choique-La Invernada block and the energy firm estimates production of 55,000 oil equivalent barrels on a daily basis from it over the […]
ExxonMobil Proceeds With Vaca Muerta Project
(ExxonMobil, 11.Jun.2019) — ExxonMobil said it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to […]
Argentine Shale Spurs Search For Oil, Gas Giant
(Platts, 11.Jun.2019) — On the vast, desolate plains of southern Patagonia, CompañĂa General de Negocios is stepping up drilling and exploration where few companies operate, an emerging trend of widening the search for oil and natural gas in Argentina. “The resource is very large,” Hugo Eurnekian, president of the Argentinian […]
UOCRA Union Leader Arrested In Argentina
(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2019) — UOCRA union leader Juan Carlos Levi was reportedly arrested in Argentina after a search of his home, online media Diariamente Neuquen reported. Levi is is being investigated for his involvement in a shootout recently at the Sierras Blancas Field operated by Shell Argentina, […]
Neo Lithium Finds High Grade Lithium At Greater Depth In Argentina
(Neo Lithium, 6.Jun.2019) — Neo Lithium Corp. announced report new drilling results from its wholly-owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina. The Company filed a reserve estimation on May 7, 2019 within prefeasibility study (PFS) which defined proven and probable reserves of 1,294,000 tones of […]
Echo Energy Plc Says Current 3D Campaign Nearly Completed In Argentina
(Energy Analytics Institute, Aaron Simonsky, 6.Jun.2019) — Echo Energy plc says activities at Tapi Aike in Argentina have moved to the west of the basin as infrastructure has been established to connect gas to urban markets, and added that its current 3D campaign in Argentina is nearing completion, the company […]
Argentina And Brazilian Officials Meet To Discuss Energy Exchanges
(Energy Analytics Institute, Ian Silverman, 6.Jun.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui met 6 June with Brazil’s Minister of Mines and Energy Bento Albuquerque under the framework of President Jair Bolsonaro’s visit to Argentina. Two Memorandums of Understanding (MOUs) were signed during the meetings related to the exchange of energy […]
Echo Energy’s Fiona MacAulay Steps Down From Board
(Energy Analytics Institute, Jared Yamin, 3.Jun.2019) — Echo Energy announced Fiona MacAulay is stepping down from the board as a non-executive director with immediate effect, after providing support to her successor through the planned transitional period, the company announced in an official statement. “I would like to thank Fiona for […]
YPF Prepares First Shipment Of Liquefied Natural Gas From Argentina
(Reuters, 2.Jun.2019) — Argentine oil company YPF SA said on Sunday that it began loading the first shipment of liquefied natural gas (LNG) for export from Argentina. The shipment includes 30,000 cubic metres of LNG from the Vaca Muerta shale play, YPF said in a statement. “This is the first […]
LatAmNRG Bolivia Briefs: Petrobras Volumes, Investments In Lithium
(Energy Analytics Institute, Ian Silverman, 30.May.2019) — Heard on the street and LatAmNRG briefs related to Brazil’s Petrobras requesting lower natural gas volumes from Bolivia’s YPFB, investments to industrialize Bolivian lithium expected to reach $600 million, and Bolivia’s state oil entity YPFB planning to open a new office in Peru […]
June 9 Provincial Election In Chubut, Argentina’s No. 2 Petro-Province
(Baker Institute, Mark P. Jones, 30.May.2019) — Chubut will elect its governor and the members of its provincial legislature for four-year terms on June 9. The pragmatic centrist Peronist governor (Mariano Arcioni) is heavily favored to win re-election, but there still exists an outside chance that a more left-wing Peronist […]
Argentina’s Environmental Prosecutor Expects More Oil Samples From Añelo Plant
(Energy Analytics Institute, Aaron Simonsky, 27.May.2019) — Argentina’s Environmental Crimes prosecutor Maximiliano Breide Obeid anticipates more samples will be taken from Treater’s oil waste plant located in Añelo in Argentina. Treater recently released a statement that states results from the first samples taken by the prosecution showed normal values, reported […]
LatAmNRG Argentina Briefs: YPF Gas Exports, Shell Dumping, Phoenix Global
(Energy Analytics Institute, Piero Stewart, 24.May.2019) — Heard on the street and LatAmNRG briefs related to the state entity YPF’s plans to ship natural gas to Chile through May 2020, Shell cited for supposed toxic waste dumping, quick facts related to Pan American Energy’s Cerro Dragon Project, and departure of […]
YPF Targets Increasing Production At La Amarga Chica And Loma Campana
(Energy Analytics Institute, Aaron Simonsky, 23.May.2019) — YPF plans to conduct two lateral drilling operations near 4,000 meters and carry out some 80 staged fractures in each operation. The first one has already begun to drill at the Schlumberger-operated Bandurria Sur and the other will be in Loma Campana, reported […]
YPF Says BahĂa Blanca And Chile Are Potential Sites For LNG Plants
(Energy Analytics Institute, Aaron Simonsky, 23.May.2019) — The Argentine port of of BahĂa Blanca is at present a principal location for consideration of construction of a LNG plant; however, the Chilean option hasn’t been ruled out due to the importance of gas markets in Asia, reported online media RĂo Negro, […]
Echo Energy Announces Portfolio Changes, CEO Appointment
(Echo Energy, 20.May.2019) — Echo Energy plc provided an update on the Tapi Aike seismic acquisition programme and to announce a restructuring of the company’s onshore Argentinian portfolio, pursuant to which the Company will consolidate its focus on the Tapi Aike licence and its multi Tcf exploration potential. Highlights: — […]
Argentina Readies To Join LNG Exporters Club With Maiden Cargo
(Reuters, 20.May.2019) — Argentina is about to export its first liquefied natural gas (LNG) cargo from a new floating facility, marking a milestone for its energy sector boosted by rising gas production from its large Vaca Muerta shale region. State energy firm YPF is believed to be offering a partial […]
Italy’s Eni Awarded High Potential Exploration Block Offshore Argentina
(Eni, 20.May.2019) — The award of block MLO 124 is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019. The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The […]