(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 […]
Category: Argentina
Argentina energy
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 […]
YPF To Invest $5 Billion Per Year During 2019-2023
(Energy Analytics Institute, Jared Yamin, 4.Nov.2018) — YPF expects to make investments of $5 billion per year during the 2019-2023 period as part of its initiative to be a leader in the production of energy in Argentina. As a result, YPF’s hydrocarbon production is expected to grow between 5% and […]
Royal Dutch Shell Provides 3Q:18 Highlights For Brazil And Argentina
(Energy Analytics Institute, Jared Yamin, 2.Nov.2018) — Royal Dutch Shell provided an update related to portfolio developments in Brazil and Argentina during the third quarter 2018. Third Quarter 2018 Portfolio Developments Upstream During the quarter, Shell and its partner Chevron won a 35-year production-sharing contract for the Saturno pre-salt block […]
YPF Injects $4 Million In AerolĂneas Argentinas, Jorge Newbery Airport
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2018) — Argentina’s YPF announced it will make an investment of nearly $4 million in AerolĂneas Argentinas destined to renovate 9 supply units and for other work related to process optimization at the Jorge Newbery Airport. The announcement was jointly made by Grupo AerolĂneas President […]
Echo Energy Appoints Independent Non-Executive Director
(Echo Energy, 2.Nov.2018) — Echo Energy announced appointment of Dr. Gavin Graham as an Independent Non-Executive Director of the company with immediate effect. Dr. Graham has nearly 40 years’ experience in the oil & gas industry, with 29 of those years at Shell. Commencing his career in 1980 as a […]
Weatherford Reports Higher Activity Levels In Argentina and Mexico
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, and down $5 million, or 1%, year-over-year, the company reported in an official statement. Compared to the second quarter of 2018, revenues in Canada improved […]
Argentina Makes Small $2 Million Payment For Bolivian Gas
(Energy Analytics Institute, Aaron Simonsky, 27.Oct.2018) — Bolivia’s Central Bank (BCB by its Spanish acronym) announced Argentina made a “small payment” of $2 million related to a debt with Bolivia for the purchase of natural gas. The debt accumulated with Bolivia by Argentine’s state oil company IntegraciĂłn EnergĂ©tica Argentina SA […]
YPF To Spend Billions To Boost Oil And Gas Output
(Reuters, Eliana Raszewski, Hugh Bronstein, 26.Oct.2018) — Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Friday. It plans to raise production by between 5 percent and 7 percent […]
Argentina Buys An Average 16.2 MMcm/d From Bolivia in Sep.
(Energy Analytics Institute, Aaron Simonsky, 26.Oct.2018) — Argentina purchased an average 16.2 million cubic meters per day (MMcm/d) of natural gas from Bolivia in September 2018. However, the volumes are nearly 5 MMcm/d below contractual agreements, reported the daily newspaper La Razón. *** #LatAmNRG
Echo Energy Updates on Well Result In Argentine Production Uplift
(Echo Energy, 22.Oct.2018) — Echo Energy announced plans to boost production at the Cañadon Salto Field in the FracciĂłn D licence in Argentina, where it has now achieved 115 barrels per day (from 5 barrels per day) following four successful pilot well interventions. Work has now been completed on four […]
Bolivian, Argentine Officials to Discuss Gas Issues in La Paz
(Energy Analytics Institute, Jared Yamin, 21.Oct.2018) — Officials from Argentina and Bolivia will meet in La Paz on Oct. 22 to discuss issues related to the purchase and sale of natural gas and overdue payments. A mission of authorities from IntegraciĂłn EnergĂ©tica Argentina S.A. (IEASA, formerly ENARSA) will meet with […]
Argentina To Reduce Bolivian Gas Imports To Minimum
(Energy Analytics Institute, Jared Yamin, 20.Oct.2018) — Argentina will likely reduce its demand for Bolivian natural gas imports to a minimum, says an oil analyst. Argentina, which continues to boost production of its unconventional shale gas resources located in the Vaca Muerta formation in the Neuquen region, will likely reduce […]
YPFB Reports Explosion Along Santa Cruz-Yacuiba Gas Pipeline
(Energy Analytics Institute, Jared Yamin, 19.Oct.2018) — An explosion along a portion of a pipeline that transports natural gas to Argentina injured a total of five people. Bolivia’s state oil entity Yacimientos PetrolĂferos Fiscales (YPFB) has initiated an investigation to establish the causes and origin of the incident, reported the […]
Environmental Emergency: 720,000 Lt. Oil Spill in Chile
(TeleSur, 19.Oct.2018) — The spill is the largest ever registered in the region of Tierra del Fuego. In the southernmost region of Tierra del Fuego in Chile, an oil spill has unleashed an environmental emergency affecting at least 6,000 square meters, according to the National Emergency Office. This is the […]
YPF Personnel Try To Mitigate Gas Leak In Bandurria
(Energy Analytics Institute, Ian Silverman, 19.Oct.2018) — YPF personnel conducted operations today to mitigate a gas leak located at the Bandurria deposit in NeuquĂ©n. No injuries were reported, and the location was evacuated for security reasons to initial contingency work, reported the media outlet RĂo Negro. YPF didn’t reveal details […]
Argentina Plans To Close LNG Importing Facility
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) — Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the matter, after booming production from shale deposits in the Vaca Muerta region turned the country into a seasonal exporter. A contract with Excelerate Energy, which […]
YPF Inaugurates Phase I Of 99-MW Wind Park In Argentina
(Renewables Now, 17.Oct.2018) — Argentine state-run oil company YPF inaugurated on Wednesday a portion of a 99-MW wind park in Chubut province that will produce clean power for its deposits and refineries. The first 50-MW phase of Manantiales Behr, as the park is named, has been switched on. The whole […]
Argentina Looks to Cease Bolivian Gas Imports By 2020
(Energy Analytics Institute, Jared Yamin, 16.Oct.2018) — With its own gas projects to develop, Argentina is seeking to reduce imports of natural gas and by 2020 it expects to stop buying it completely from Bolivia. In the run up period, Argentina looks to reduce Bolivian gas imports by 20% in […]
Echo Energy Announces Successful Initial Perforation At EMS-1001 Well In Argentina
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc announced an update on the initial perforation phase on the third Argentinian well. The company previously drilled four wells across its onshore licences in Argentina. On 21 June 2018, the company announced that the third well in the sequence (EMS-1001 in the […]
Echo Energy Continues To Progress Argentina Wells, Signs New Deal In Bolivia
(Proactive Investors, 15.Oct.2018) — Echo Energy Plc told investors that it has confirmed that its third Argentinian well will be suitable for mechanical stimulation, and, it will now move on to the next stage in operations. The company, in a statement, updated on the EMS-1001 well at the Fraccion C […]
Bolivia’s Gas Lower than LNG, Vaca Muerta Shale: Sánchez Says
(Energy Analytics Institute, Jared Yamin, 12.Oct.2018) — Bolivian natural gas is more competitive than liquefied natural gas (LNG) and gas from Argentina’s Vaca Muerta shale formation, announced Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez. The minister stressed that Bolivian gas, priced at $7/MMbtu, was much cheaper than Argentine gas. Argentina’s LNG […]
Bolivia Gas Exports To Argentina To-date Averaging 18 MMcm/d
(Energy Analytics Institute, Jared Yamin, 11.Oct.2018) — Bolivian natural gas exports shipped by YPFB to Argentina to-date have averaged 18 million cubic meters per day (MMcm/d). These volumes are below the minimum 20.9 MMcm/d guaranteed by the state oil company and a maximum 24.6 MMcm/d requested by Argentina, reported the […]
YPF In Talks To Sell Stake In Power Unit To Asian Fund
(Bloomberg, Pablo Rosendo Gonzalez, 11.Oct.2018) — YPF SA, Argentina’s state-run oil company, is in advanced talks to sell a minority stake in its power unit to an Asian fund, said two people with direct knowledge of the plan. The fund, which the people declined to name, would get a 24.99 […]
Añelo: The Two Realities of this Small Town in the Heart of Neuquen
(Energy Analytics Institute, Jared Yamin, 10.Oct.2018) — Añelo is a small oil town located in the heart of Neuquen and the Vaca Muerta shale revolution. This small town with a population of almost 8,000 is expected to swell to tremendously in coming years as the shale boom picks up speed, […]
Vaca Muerta Looks To Attract $7 Bln In Investments In 2019
(Energy Analytics Institute, Jared Yamin, 6.Oct.2018) — Investors could inject $7 billion into the Vaca Muerta in 2019, announced NeuquĂ©n Governor, Omar GutiĂ©rrez. “In 2019, we will have 15 new drilling rigs conducting unconventional activity and reach an investment record with $7 billion,” reported the Argentine daily newspaper Clarin, citing […]
YPF Updates On Oil Combustibles S.A. Bankruptcy Proceedings
(YPF, 3.Oct.2018) — YPF S.A. received notice of the decision adopted by the judge in charge of Oil Combustibles S.A.’s bankruptcy proceedings, which awarded the industrial assets of the bankrupt company to YPF and DestilerĂa Argentina de PetrĂłleo S.A. (DAPSA), pursuant to the local and international bidding process carried out […]
Argentina: The Energy Challenge
(YPF, 1.Oct.2018) — Argentina’s unconventional oil & gas resources are among the world’s largest. YPF is working and investing to increase production with the aim of meeting the challenge of regaining energy self-sufficiency. The importance of hydrocarbons Energy is the basis of our society and our way of life. We […]
Argentina Still Owes Bolivia $250 Mln For Gas Imports
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) — Bolivia’s government plans to meet soon with Argentine authorities in the Casa Rosada to again address the issue of late payments. “They still owe us two bills, and in the coming weeks we are going to discuss with the government how to regularize […]