(Enel, 17.May.2019) — Enel S.p.A. announces that its listed Chilean subsidiary Enel AmĂ©ricas S.A. (“Enel AmĂ©ricas”) informed that its subsidiary in Argentina, Empresa Distribuidora Sur S.A. (“Edesur”), signed with Argentina’s national government two agreements that enable the resolution of certain pending regulatory issues, and called an Extraordinary Shareholders’ Meeting for […]
Category: Argentina
Argentina energy
Argentina Awards 18 Exploration Areas Offshore For $724 Million
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) — Argentina’s Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the country’s Finance Ministry announced May 17 in an official statement. The crude oil and natural gas exploration areas offered cover three basins of the Argentine continental shelf. Companies […]
Argentina’s Economic Crisis Threatens To Stall Vaca Muerta
(Petroleum Economist, Charles Waine, 14.May.2019) — Argentina’s hope of fast-tracking production from its vast Vaca Muerta shale play, the world’s second largest by output, could be delayed as the country adapts to recession. Last year, Argentina was forced to seek a $57bn bailout package from the IMF — the largest-ever […]
Madalena Starts Vaca Muerta Drilling On The Coiron Amargo Sur Este Block
(Madalena, 13.May.2019 ) — Madalena Energy Inc. has been informed by the operator of the Coiron Amargo Sur Este (CASE) block that a drilling rig was mobilized and commenced drilling of the CASE-101h well during the first week of May. Madalena holds a 35% non-operated interest in the CASE block […]
Tecpetrol Argentina Work Halted Until Security Issues Resolved
(Energy Analytics Institute, Aaron Simonsky, 13.May.2019) — The block where Tecpetrol conducts activities in Argentina can’t initiate operations until necessary security measures are completed and approved by Argentina’s Labor Sub-Secretary, online media RĂo Negro reported 13 May 2019, citing oil and gas union official Guillermo Pereyra. They are halting all […]
Argentina Eyes Possible Start Of Vaca Muerta-BahĂa Blanca Train Project In 2020
(Energy Analytics Institute, Aaron Simonsky, 12.May.2019) — Two train projects planned to connect Vaca Muerta with BahĂa Blanca will most likely not start moving forward until 2020 due to a lack of public funds and disinterest from the private sector. The proposed project would have capacity to transport 3.3 million […]
YPF Transcript Of 1Q:19 Earnings Conference Call
(Thomson StreetEvents, 11.May.2019) — Edited Transcript of YPF SA earnings conference call or presentation Friday 10 May 2019. TEXT version of Transcript ============================== Corporate Participants ============================== * Diego Celaá YPF Sociedad AnĂłnima – Market Relations Officer * Ignacio Rostagno * Sergio Fabián Giorgi YPF Sociedad AnĂłnima – First Deputy Market […]
Pampa EnergĂa Announces 1Q:19 Financial Results
(Energy Analytics Institute, Aaron Simonsky, 10.Apr.2019) — Pampa EnergĂa S.A. reported financial results for the first quarter ended 31 March 2019. Pampa EnergĂa S.A. is the largest independent energy integrated company in Argentina and maintains active in the country’s electricity and gas value chain. The financial information presented in the […]
Argentina’s Pampa EnergĂa 1Q:19 Conference Call Details
(Energy Analytics Institute, Aaron Simonsky, 10.Apr.2019) — Argentina’s Pampa EnergĂa S.A. announced it will host a conference call to discuss its 1Q:19 results on Tuesday 14 May 2019 at 10:00 a.m. Eastern Standard Time / 11:00 a.m. Buenos Aires Time. Pampa EnergĂa Investor Relations Manager Lida Wang will host the […]
Argentina’s Energy Secretariat Says La Amarga Chica Producing 13,000 B/D
(Energy Analytics Institute, Aaron Simonsky, 9.May.2019) — Production of shale oil in La Amarga Chica area under the watch of YPF and partner Petronas reached 13,000 barrels per day on 2 May 2019, up from 6,296 barrels per day in April 2018, online media RĂo Negro reported 9 May 2019, […]
CSI Compressco Announces 1Q:19 Results, Affirms Full Year Financial Guidance
(CSI, 8.May.2019) — CSI Compressco LP today announced first quarter 2019 consolidated financial results and provided updated 2019 full year guidance. Consolidated revenues for the quarter ended March 31, 2019 were $103 million compared to $138 million for the fourth quarter of 2018 and $85 million for the first quarter […]
Argentina And Uruguay To Invest $1,000 Million To Modernize Salto Grande Dam
(Energy Analytics Institute, Aaron Simonsky, 8.May.2019) — The governments of Argentina and Uruguay announced plans to invest $1,000 million in the modernization of the Salto Grande Dam situated over the Uruguay River. The full scope of the project includes renovation of electro-magnetic equipment and infrastructure over a 30 year period, […]
LatAmNRG Argentina Briefs: Gutiérrez Shell Chat, Tecpetrol Accident
(Energy Analytics Institute, Aaron Simonsky, 8.May.2019) — Heard on the street and LatAmNRG briefs related to eight oil and gas sector deaths in the Neuquina Basin in 15 months, NeuquĂ©n Governor GutiĂ©rrez to meet with Royal Dutch Shell’s Ben Van Beurden, and Tecpetrol Argentina still investigating fatal FortĂn de Piedra […]
YPFB And YPF Argentina Ink Upstream And Downstream Deals
(Energy Analytics Institute, Aaron Simonsky and Pietro D. Pitts, 7.May.2019) — YPFB and YPF Argentina signed strategic deals during discussions in Santa Cruz related to upstream and downstream activities in Bolivia and Argentina, Bolivia’s Hydrocarbon Ministry announced 7 May 2019 in an official statement on its website. In the upstream […]
YPF Luz Offers $75mn In Negotiable Obligations
(Energy Analytics Institute, Aaron Simonsky, 7.May.2019) — YPF EnergĂa ElĂ©ctrica, also known as YPF Luz, offered $75 million in negotiable obligations on the Argentina stock exchange at an interest rate of 10.24%. Funds from the offering will be destined to finance projects related to thermal and renewable energies, reports online […]
YPF Eyes Increasing Interest In Mega To 72% With Petrobras Acquisition
(Energy Analytics Institute, Aaron Simonsky, 6.May.2019) — YPF announced it’s desire in acquiring Petrobras’ 34% interest in gas separator Mega, after the Brazilian company announced plans to divest its holding. In a conference with investors, YPF said it was interested in acquiring Petrobras’ participation, and that evaluations have already begun […]
Tecpetrol Reports Death Of Two Contractors At FortĂn De Piedra Project
(Energy Analytics Institute, Aaron Simonsky, 6.May.2019) — Tecpetrol announced that an accident on 5 May 2019 at the CPF plant of its FortĂn de Piedra natural gas project in Argentina resulted in the death of two contractors. Workers involved in the fatality included: Cristian Nicolás Baeza, 34 years old and […]
Argentina To Inaugurate Loma Campana-Lago Pellegrini Oil Pipeline
(Energy Analytics Institute, Aaron Simonsky, 3.May.2019) — Argentina is set to inaugurate the Loma Campana-Lago Pellegrini pipeline. The pipeline has an extension of 88 kilometers and will allow for the transportation of much of the oil produced from the Vaca Muerta formation, the Energy, Mining and Hydrocarbons Under Secretariat for […]
Wintershall DEA Names Manfred Böckmann To Head Argentina Unit
(Wintershall, 2.May.2019) — Wintershall Dea announced a change of leadership at Wintershall EnergĂa (soon to be Wintershall Dea Argentina). Manfred Böckmann took over the position of Managing Director in Argentina on 1 May 2019, the same day the two German companies Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG […]
LatAmNRG Bolivia Briefs: YPFB Investments 2019-2025; Gas Consumption Of 13 MMcm/d
(Energy Analytics Institute, Ian Silverman, 1.May.2019) — Heard on the street and LatAmNRG briefs related to Bolivia the land-locked country generating oil and gas revenues of estimated $37,484 million during 2006-2019, state oil and gas entity YPFB eyeing investments of $9,800 million during 2019-2025, and YPFB saying Bolivian domestic market […]
BASF And LetterOne Finalize Merger Of Wintershall And DEA
(LetterOne, 1.May.2019) — LetterOne and BASF today announced the completion of the merger of their oil and gas businesses to create Wintershall Dea, the largest independent exploration and production company in Europe. All necessary regulatory approvals were received from nine countries, including Germany, Norway, the United Kingdom and Russia. Highlights: […]
Pampa EnergĂa Files Annual Report On Form 20-F For Year Ended Dec. 31, 2018
(Pampa, 30.Apr.2019) — Pampa EnergĂa S.A., the largest independent energy integrated company in Argentina, with participation in the electricity and gas value chain, announces today it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 (the ‘2018 Annual Report’) before the U.S. Securities […]
Enel Américas Files 2018 Annual Report On Form 20-F
(Enel, 29.Apr.2019) — Enel AmĂ©ricas, announced today that its 2018 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission on April 26, 2019. Enel AmĂ©ricas is a company engaged in the electricity generation and distribution businesses in Argentina, Brazil, Colombia and Peru. Our […]
Argentina Exported An Average 6 MMcm/d To Chile During 1Q:19
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2019) — Argentina shipped an average of almost 6 million cubic meters per day (MMcmd/) of natural gas to Chile during the first quarter of 2019, while a peak of 9.6 MMcm/d was achieved in March 2019, Argentina’s Energy Secretariat announced on 25 April 2019 […]
TGS Files 2018 Annual Report With SEC On Form 20-F
(TGS, 25.Apr.2019) — Transportadora de Gas del Sur S.A. (TGS) filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission (SEC). The 2018 Annual Report can be accessed by visiting the company’s website at www.tgs.com.ar as well as […]
Debt Ghosts Rattle Argentina’s Push For Shale Greatness
(Bloomberg, Alix Steel and Jonathan Gilbert, 24.Apr.2019) — To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis. Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since […]
Bolivia Gas Production: “Increasingly Smaller, Increasingly Expensive”
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 23.Apr.2019) — Bolivia’s production of natural gas reached 36 million cubic meters per day (MMcmd/) in March 2019, one of the lowest levels in the last 10 years, Mauricio Medinaceli, an expert on the subject, wrote in his blog titled “Natural Gas […]
Argentina’s Vaca Muerta Formation Produces 35% Of Country’s Natural Gas
(Energy Analytics Institute, Aaron Simonsky, 23.Apr.2019) — Argentina’s Vaca Muerta formation currently accounts for close to 35% of Argentina’s natural gas production and 15% of the South American country’s crude oil production, announced NeuquĂ©n Governor Omar GutiĂ©rrez. In the last three years, unconventional oil production has grown 150% while gas […]
Phoenix Global Announces Departure Of CEO Anuj Sharma
(Phoenix, 23.Apr.2019) — Phoenix Global Resources plc announces that Mr. Sharma has served a notice on the company, which the company is treating as a notice terminating his employment in accordance with his service agreement and resigning from his position as CEO and a director of the company with immediate […]
On South America’s Largest Solar Farm, Chinese Power Radiates
(Reuters, Cassandra Garrison, 23.Apr.2019) — In an arid, lunar-like landscape in the sunny highlands of northern Argentina, South America’s largest solar farm is rising, powered by funding and technology from China. Local officials said they had sought help at home, the United States and Europe without success. Potential lenders and […]
Bolivia Eyes Exporting LNG Through Argentina, Importing Crude
(S&P Global Platts, 22.Apr.2019) — Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in Argentina, and to buy crude from its southern neighbor, Bolivian President Evo Morales said Monday, a move that would compensate for dwindling sales of its main export to Argentina and […]
Gazprom Eyeing Gas Project In Argentina
(TASS, 22.Apr.2019) — Gazprom considers the possibility of acquiring a stake in one of the key producing assets of Argentina’s YPF, the company said on Monday. “Gazprom Group is considering the possibility of implementing projects in Argentina, including those related to the development of unconventional gas reserves. We are currently […]
Why The Argentinian Shale Boom Isn’t Taking Off
(Oilprice.com Irina Slav, 22.Apr.2019) — The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested it could yield oil and gas at competitive production costs, offering Argentina the chance to emulate the U.S. shale boom. […]
Shell Awards Contract To Halliburton For Offshore Project In Brazil
(Chron.com, Sergio Chapa, 17.Apr.2019) — Royal Dutch Shell has awarded a three-year contract to Houston oilfield service company Halliburton to explore and develop two projects off the coast of Brazil. The projects are located in Brazil’s Campos and Santos Basins. The Campos Basin is 90 miles off the coast of […]
Wintershall Expands Portfolio In Argentina
(WorldOil, 17.Apr.2019) — Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects […]
Majors Step Up To Bid On Argentina Offshore Acreage
(WorldOil, 17.Apr.2019) — Argentina’s first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires. Of the 38 blocks offered in an open bid round, 18 were licensed. The round attracted bids from 13 companies, with the winning bids totaling $718.28 million. All Majors participated in the […]
ExxonMobil Argentina Takes Three Blocks In Offshore Bid Round
(Exxon, 16.Apr.2019) — ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the […]
Exxon Mobil Wins Three Exploration Blocks Offshore Argentina
(Reuters, 16.Apr.2019) — U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about 2.6 million net acres to Exxon’s existing holdings in Argentina, the company said. The blocks are located […]
Argentina Awards YPF Exploration Permit For Offshore E-1 Area
(Energy Analytics Institute, Pietro D. Pitts, 16.Apr.2019) — Argentina awarded state oil and gas producer YPF with an exploration permit for the E-1 area spanning 15,000 square kilometers offshore Argentina. YPF will have a 100% stake in the area, which was previously administered under an exploration and exploitation association agreement […]
Qatar Petroleum Wins Exploration Rights In 5 Offshore Blocks In Argentina
(Qatar Petroleum, 16.Apr.2019) — Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. The winning bids were announced today by Argentina’s Secretariat of Government of Energy (“SGE”) at the end of a public tender process that started in November […]
LatAmNRG Argentina Briefs: TGS $330 Mln Investments, New IEASA President
(Energy Analytics Institute, Aaron Simonsky, 15.Apr.2019) — Heard on the street and LatAmNRG briefs related to TGS’ plans to invest $330 million in 2019 and Argentina’s Energy Secretariat appointment of Claudia Mundo to head up IEASA. TGS Plans Argentina Investments Of $330 Million In 2019 (Energy Analytics Institute, Aaron Simonsky, […]
Vista Oil & Gas Releases Details Related To Shareholder’s Meeting
(Vista, 10.Apr.2019) — Vista Oil & Gas S.A.B. de C.V. announced details of the company’s Ordinary General Shareholders’ Meeting slated for 25 April 2019. Attached you will find the call for the company’s Ordinary General Shareholders’ Meeting, which will take place at 10.00 AM CST (11.00 AM EST / 12.00 […]
Argentina Sees Steady Growth In Light Crude Exports From Vaca Muerta
(S&P Global Platts, 9.Apr.2019) — Argentina’s state-led YPF is preparing a shipment of light crude from Vaca Muerta, a trend the federal government expects to gain as production increases from the shale play, Argentinian Energy Secretary Gustavo Lopetegui said Tuesday. “This year for the first time in many years we […]
Argentina’s Incumbent Political Party Wins Rio Negro Oil Province Election
(S&P Global Platts, 8.Apr.2019) — The incumbent political party in Rio Negro, an oil province in Argentina, won the re-election on Sunday; a result that could favor President Mauricio Macri’s chance for a second term in October, allowing him to press ahead with measures and policies driving a recovery in […]
La Banderita Wind Farm Starts Operations In La Pampa
(Energy Analytics Institute, Aaron Simonsky, 8.Apr.2019) — With entry into commercial operation of the La Banderita wind farm in La Pampa, there are currently already 35 renewable energy projects with a combined installed capacity of 1,024.3 megawatts (MW) that have come online since 2016. These projects — awarded through RenovAr […]
Knowledge Exchange Spurs China-Argentina Infrastructure Projects
(Xinhua, 8.Apr.2019) — Knowledge exchange between Chinese and Argentine technicians spurs large-scale joint infrastructure projects within the framework of the Belt and Road Initiative (BRI), said Argentine workers at Chinese company Power China. Chinese company Power China is currently helping develop Argentina’s alternative energy sources by building a series of […]
Students Put Energy Efficient Cars To The Test At Shell Eco-marathon Americas
(Shell, 7.Apr.2019) — Make the Future Live California featuring Shell Eco-marathon Americas drew more than 1,000 students to Sonoma Raceway to compete for the title of most fuel-efficient vehicle. Northern Illinois University of DeKalb, Illinois took home first place in the Internal Combustion Engine Prototype category with their gasoline-fueled vehicle […]
Neuquén Holds 73% Of Argentina’s Recoverable Shale Gas
(Energy Analytics Institute, Pietro D. Pitts, 7.Apr.2019) — Argentina contains the second largest recoverable non-conventional natural gas resources in the world with 802.2 trillion cubic feet (Tcf), only trailing Asian giant China, which holds 1,115 Tcf, according to data published by US-based Energy Information Administration or (EIA). Of the resources, […]
SiderĂşrgica Del MutĂşn Eyes Exporting 150,000 Tons Of Iron To Mainly Argentina
(Energy Analytics Institute, Ian Silverman, 29.Apr.2019) — SiderĂşrgica del MutĂşn (ESM by its Spanish acronym) exported 20,000 tons of Bolivian iron to Argentina in the first quarter of 2019, announced ESM President JesĂşs Lara. “The goal this year is to export around 150,000 tons of iron, mainly to the Argentine […]
YPFB President Says Incahuasi-5 Well To Add 3.5 MMcm/d Of NatGas Output
(Energy Analytics Institute, Ian Silverman, 5.Apr.2019) — Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) President Oscar Barriga says the Incahuasi-5 well, located 250 kilometers southwest of Santa Cruz department, will have a positive impact on Bolivia’s overall production profile. The Incahuasi-5 well will have a maximum production potential of 3.5 million cubic […]