(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 […]
Category: Argentina
Argentina energy
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 […]
Enel: Positive Impact From Resolution Of Pending Issues In Argentina
(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 […]
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 […]