Category: Argentina
Argentina energy
Argentine Leader Sees Tough Road Ahead
(AP, 5.Dec.2018) — Argentina’s president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his country confronts its economic crisis. President Mauricio Macri told The Associated Press in an interview that he took pride in […]
MSU Energy Raises $250 Million, Secures Financing For 300 MW Expansion
(MSU Energy, 3.Dec.2018) — MSU Energy, a growing power generator with operations located in Argentina, announced significant developments to secure the ongoing expansion and conversion to combined cycle of its three power plants, which will increase total installed capacity to 750 MW. On November 30, 2018, MSU Energy closed a […]
YPF Involved In New Oil Spill In Santa Cruz
(Energy Analytics Institute, Aaron Simonsky, 30.Nov.2018) — Argentina’s state oil company YPF has been involved in yet another oil spill. The most recent incident occurred at the Los Perales reservoir, the main oil field for the oil company in Santa Cruz, in an area called Loma CUI 5, reported online […]
The Social Impact Of G20 Argentina: From Schools To Cooperatives
(G20.org, 28.Nov.2018) — Over 15 social enterprises have participated this year in G20 events. And around 1,000 students in 9 cities across Argentina took part in the Model G20, a simulation exercise that recreates the forum’s dynamics. With a people-centred vision, the Argentine G20 presidency has promoted several projects to […]
Argentina Reports Rise In Petroleum, Gas Output
(Energy Analytics Institute, Aaron Simonsky, 28.Nov. 2018) — Argentina reported total petroleum production of 498 thousand barrels per day (Mb/d) in October 2018, up 1.8% year-over-year compared to 489 Mb/d in October 2017. Unconventional petroleum production (shale + tight) rose 15% in October 2018 compared to October 2017, the country’s […]
President Energy Spuds Third Development Well In Argentina
(Energy Analytics Institute, Aaron Simonsky, 27.Nov. 2018) — President Energy has spud the third development well at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina. The PFO 1005 development well at the Puesto Flores field, which is the last of the recent three well sequence, has now been […]
President Energy Updates On Argentine Drilling Program
(President Energy, 27.Nov. 2018) — President Energy provided an update on its drilling program at the Puesto Flores/Estancia Vieja Concession, Rio Negro Province, Argentina. President is operator and holds a 90% interest in the Puesto Flores/Estancia Vieja Concession, while its partner EDHIPSA, the Provincial energy company, holds the remaining 10% […]
Vista Preps First Two Shale Oil Pilots In Vaca Muerta
(S&P Global Platts, 26.Nov. 2018) — Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth. The Mexico City-based company got a 35-year production license for a block in the […]
LatAmNRG Chart Analysis: Venezuela’s R/P Rises As Oil Output Plunges
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s foreign currency revenues, is in a precarious state to say the least as oil output continues its downward trend. Interesting […]
Vista Inks Deal For Bajada del Palo Block In Argentina
(Vista Oil & Gas, 22.Nov.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, Vista Oil & Gas Argentina S.A. and Apco Oil & Gas S.A.U., subsidiaries of Vista, signed with the Undersecretariat of Energy, Mining and Hydrocarbons of the Province of NeuquĂ©n, Argentina, an Investment Agreement Letter (Acta […]
LatAmNRG Panorama 22.Nov.2018: Venezuela, Colombia, Argentina
(Energy Analytics Institute, Piero Stewart and Aaron Simonsky, 22.Nov. 2018) — Heard on the street and other LatAmNRG briefs from OPEC producer Venezuela, and neighboring Colombia, emerging shale gas producer Argentina. Heard On The Street And Briefs Venezuelan Oil Workers Protest In Zulia A group of oil workers marched to […]
Tecpetrol Reports Rise In FortĂn de Piedra Shale Production
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Tecpetrol announced production at its FortĂn de Piedra unconventional shale gas project increased 36% to 15 million cubic meters per day in November of 2018 compared to 11 million cubic meters per day in August 2018, the company revealed in a Twitter […]
YPF Awards EXMAR Contract For Export Of First LNG From Argentina
(Exmar, 21.Nov.2018) — Belgium’s EXMAR NV and Argentina’s YPF signed a firm, ten-year agreement to deploy EXMAR’s barge-based floating LNG liquefaction unit (FLNG), currently known as Caribbean FLNG, to produce and export LNG from the Vaca Muerta formation located in the NeuquĂ©n Basin in Argentina. The barge-based floating liquefaction unit […]
Argentina To Start First-Ever LNG Exports In 2019
(Oilprice.com, Tsvetana Paraskova, 21.Nov.2018) — Argentina will be joining the ranks of exporters of liquefied natural gas (LNG) next year when it stars exporting gas from its Vaca Muerta shale play. Argentina’s energy firm YPF and Belgian energy shipping company Exmar have signed a ten-year agreement, under which Exmar will […]
NeuquĂ©n Gov’t Suspends YPF’s Environmental License At Two Pads
(Energy Analytics Institute, Aaron Simonsky, 21.Nov.2018) — The Government of the Province of NeuquĂ©n has temporarily suspended YPF’s environmental license at two pads in Bandurria. The precautionary measure affects pads 8 and 9, where an hydrocarbon spill occurred on October 19, 2018, YPF announced in an official statement sent via […]
Bolivia Foresees Hydrocarbon Revenues Of $2.5 Billion In 2019
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sanchez announced the country foresees hydrocarbon revenues of $2.5 billion in 2019 amid continued legal security as well as plans to sign gas export contracts. In coming weeks Bolivia’s government will sign new contracts which could imply […]
U.S.-Argentine Cos. Identify $270 Mln In New Vaca Muerta Developments
(Energy Analytics Institute, Aaron Simonsky, 20.Nov. 2018) — A road show by an Argentina delegation to New Orleans and Houston last week brought together 35 Argentine companies and another 50 U.S. companies interested in forging ties and business ventures in the Vaca Muerta shale formation. “It was a very successful […]
Bolivian Gas Price Rises In Brazil And Argentina
(Energy Analytics Institute, Aaron Simonsky, 16.Nov. 2018) — The price of natural gas in Brazil and Argentina to-date has risen in both markets compared to year-end 2017. In Brazil, the price of gas has increased 43% to $6.00/MMbtu during the fourth quarter of 2018 compared to $4.20/MMbtu at year-end 2017, […]
Echo Energy Updates On Onshore Argentine Licenses
(Echo Energy plc, 15.Nov.2018) — Echo Energy provided an update on its planned operational programme and the continued development of its regional portfolio. Initiation of Two Well Stimulation Programme During 2018, Echo drilled four wells across the company’s onshore licences in Argentina (FracciĂłn C licence). The first (ELM 1004) and […]
BP, Pan American Eye Exporting Argentina Shale Gas As LNG Via Chile
(S&P Global Platts, 15.Nov.2018) — Pan American Energy, the second-biggest oil producer and third for gas in Argentina, is working with BP on potentially exporting LNG out of Chile, a project that could prove faster to get Vaca Muerta shale gas to market than building a liquefaction facility in Argentina. […]
Argentina’s Energy Sec. Iguacel Promotes Vaca Muerta In US Road Show
(Energy Analytics Institute, Aaron Simonsky, 13.Nov.2018) — Argentina’s Energy Secretary Javier Iguacel participated in the annual Independent Petroleum Association of America (IPPA) meeting held in New Orleans, Louisiana. “We have a great opportunity to give Argentine citizens plenty of energy and at affordable prices. We are very happy because today […]
President Energy Says Argentine Oil Well Better Than Expected
(President Energy, 13.Nov.2018) — President Energy announced that production results from its first new Argentine well were ahead of expectations, while results from the second new well were very encouraging. Highlights from the Puesto Flores/Estancia Vieja Concession, Rio Negro Province (90% President and operator and 10% EDHIPSA, the Provincial energy […]
Pampa Energia Curbs Polystyrene, Styrene Butadiene Rubber Output On Demand
(S&P Global Platts, Bernardo Fallas, 13.Nov.2018) — Argentina-based energy company Pampa Energia is cutting polystyrene and styrene butadiene rubber production amid lackluster demand in Argentina and barriers to export, two company sources said Monday on the sidelines of the 38th Latin American Petrochemical Association meetings in Cancun. Pampa expects to […]
YPF Says Combined Output Plummets 4.3% In 3Q:18
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — YPF announced that combined equivalent production fell 4.3% in the third quarter of 2018. Total production fell to 529.1 Mboe/d in 3Q:18 compared to 553.2 Mboe/d in 3Q:17, and driven mainly by a decline in NGL production and natural gas demand restrictions, the […]
Pampa EnergĂa To Hold 3Q:18 Conference Call
(Pampa EnergĂa, 12.Nov.2018) — Pampa EnergĂa S.A. announced it will hold a conference call to discuss its 3Q:18 results on Tuesday November 13, 2018 at 10:00 a.m. Eastern Standard Time / 12:00 p.m. Buenos Aires Time. The host will be Lida Wang, Investor Relations Manager at Pampa. For those interested […]
Pampa EnergĂa Announces 3Q:18 Results, Accrual Impact
(Pampa EnergĂa, 12.Nov.2018) — Pampa EnergĂa S.A. announces results for the nine-month period and quarter ended on September 30, 2018. All figures are stated in Argentine Pesos and have been prepared in accordance with International Financial Reporting Standards except the application of IAS 29. Main Results for the Nine-Month Period […]
Argentina Initiates U.S. ‘Vaca Muerta’ Road Show
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — Officials from Argentina initiated a road show today in the U.S. aimed at attracting investments in the Vaca Muerta formation in Neuquen. Argentina’s Energy Secretary Javier Iguacel, along with officials and representatives from more than 30 oil companies, plan to participate in the […]
Argentina Awaits Hydrocarbon Investments Of Nearly $13 Billion in 2019
(Energy Analytics Institute, Aaron Simonsky, 8.Nov.2018) — Argentine hydrocarbon investments are projected to increase in 2019 compared to 2018, announced the country’s Energy Secretary Javier Iguacel. “This year they invested $9 billion in oil and gas. Next year we expect investments of $13 billion and double the amount of equipment […]
Argentina Aims To Cover 20% Of Energy Demand in 2025 With Renewables
(Energy Analytics Institute, Aaron Simonsky, 8.Nov.2018) — Argentina’s shale boom taking place in the Vaca Muerta formation in Neuquen will not stop the country from pursuing goals related to renewable energies. “We set out to promote renewable energies and assume a very specific commitment,” Argentina’s Treasury reported in an official […]
Argentina Biodiesel Chamber: U.S. Review Of Tariffs Could Revive Exports
(Reuters, Maximilian Heath, 8.Nov.2018) — The U.S. decision to review its tariffs on Argentine biodiesel could mean a reversal of fortune for exporters whose shipments from the South American country have been practically nil, the biodiesel chamber of Argentina said on Thursday. The U.S. Department of Commerce announced on Wednesday […]
Argentina Announces Offshore Exploration Round 1
(Energy Analytics Institute, Aaron Simonsky, 6.Nov.2018) — Argentina’s Energy Secretariat announced a tender for exploration activities offshore the Argentine continental shelf. The activities will expand Argentina’s exploration and exploitation potential and potentially increase hydrocarbon production in an effort to ensure domestic supply. Exploration permits cover around 200,000 square kilometers, and […]
Argentina Switches On 70-MW Wind Park In Chubut
(Renewables Now, 6.Nov.2018) — Argentina’s Ministry of Energy and Mines announced on Monday that on November 2, the country switched on a 70-MW wind park in Chubut province. Argentine thermal and renewable energy group Genneia SA was the developer behind the Parque Eolico Puerto Madryn I (PEM I), as it […]
YPF Reports New Incident At Work-Over Well In Loma La Lata
(Energy Analytics Institute, Aaron Simonsky, 6.Nov.2018) — The incident involved an estimated 0.6 cubic meters of water, gas and mud, and occurred on Friday November 2, 2018 during conditioning activities at a work-over well in Loma La Lata. The incident was immediately controlled, reported online media AdnSur. YPF didn’t respond […]
Argentina Allocates $500 Million For Users To Generate Energy
(Energy Analytics Institute, Aaron Simonsky, 4.Nov.2018) — Argentina’s government has allocated $500 million for a special fund to be used to subsidize loans for the purchase of solar systems that allow users to generate their own electricity. “There will be a credit subsidy so repayment of the investment is in […]