(Reuters, Maximilian Heath, 17.Jun.2018) â ArgentinaÂŽs government said on Saturday that it would replace its energy and production ministers, just two days after the resignation of former Central Bank President Federico Sturzenegger. The shake-up follows several tumultuous weeks for the government of the center-right President Mauricio Macri, with extreme currency […]
Category: Argentina
Argentina energy
Rick Perry Wants Argentina be More Like Texas
(Bloomberg, 17.Jun.2018) â The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home. Energy Secretary Rick Perry will help Argentina connect with U.S. companies that have shale oil and gas expertise as President Mauricio Macri — facing a natural gas trade deficit — hurries […]
ENAP to Invest $354 Mln in Project in Argentina
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) â Chileâs ENAP plans investments of $354 million in a project located in the eastern mouth of the Strait of Magellan, on the Argentine side. The company plans the investments in its Magallanes Area Incremental Project (PIAM) project, which has potential to substantially increase […]
G20 Energy Ministers Official Communiqué
(G20.org, 15.Jun.2018) â We, the G20 Energy Ministers, met in San Carlos de Bariloche (Argentina) , on 15 June , 2018, to promote the role of energy in promoting fair and sustainable development, building upon the in valuable outcomes of the previous Presidencies and Ministerial Meetings. We recognise the crucial […]
G20 Energy Heads Gather in Argentina
(Xinhua, 14.Jun.2018) â Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering in Argentina’s southwestern city of Bariloche is part of the fourth ministerial meeting of the G20 group of developed and emerging economies, which Argentina currently […]
Argentina to Export Natural Gas to Chile by YE:18
(Reuters, Luc Cohen, 14.Jun.2018) â Argentina will begin exporting natural gas to neighboring Chile before the end of the year, the energy ministers of both countries said on Thursday, as output from the Vaca Muerta shale field rises. The two South American countries had previously signed deals allowing for the […]
G20 Holds Energy Conference in Argentina
(Efe, 13.Jun.2018) â Energy sector representatives from the G20 countries are attending on Wednesday this yearâs second meeting in Argentina to address the energy transition. Access to electricity in Latin America and the Caribbean, access to information about the energy sector and the use of subsidies to promote new energy […]
Pampa Reaches 35-Year Extension in El Mangrullo Block
(Pampa EnergĂa S.A., 5.Jun.2018) â Pampa EnergĂa S.A. was granted a 35-year period extension to the operation of the El Mangrullo block for the development of unconventional gas (shale and tight), within the new exploitation license that NeuquĂ©n province granted to the Cutral CĂł and Plaza Huincul Inter-city Autonomous Body […]
Pampa EnergĂa Inaugurates 1st Wind Farm
(Pampa EnergĂa S.A., 24.May.2018) â Pampa EnergĂa S.A. inaugurated its first Wind Farm named Engineer Mario Cebreiro (âPEMCâ), which given the technology and size, it is also the first project to reach such milestone under Renovar 1 program. The opening counted on the presence of President of Argentina Mauricio Macri, […]
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) â Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its âEnergy Education Initiativeâ in the Americas, also known as âNRG ED.â NRG ED is structured to work with K-12 schools, community colleges, four-year colleges and universities, workforce training programs, communities and businesses, and […]
President Energy Looks for Production When Chasing Deals
(Energy Analytics Institute, Ian Silverman, 17.May.2018) â The Finance Director of London-based President Energy plc, Rob Shepherd, made the comments during a televised interview with Proactive Investors about the companyâs activities in Argentina and Paraguay. âWe donât need acquisitions to grow, thereâs enough organic opportunities in what weâve got to […]
Echo Energy Sees Favorable Investment Ops in Argentina
(Energy Analytics Institute, Ian Silverman, 1.May.2018) â âArgentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is now reliant on imported gas to feed its growing economy. The country is opening itself to foreign investment in a bid to replace reserves and […]
ECLAC Ssays Venezuelaâs Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) â The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic activity in troubled Venezuela will contract 8.5% in 2018. Gross domestic product or (GDP) estimates for other important countries and […]
Chile and Argentina to Boost Gas, Oil Output
(Santiago Times, 6.Apr.2018) â The state-run energy firms of Chile and Argentina have inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America. The project, east of Magellan Strait, operated by Chileâs state-run ENAP in partnership with YPF, will boost production […]
TGS To Build Vaca Muerta Gas Pipeline, Conditioning Plant
(Reuters, 3.Apr.2018) — Argentine natural gas company Transportadora de Gas del Sur (TGS) will invest an initial $250 million on gas transportation infrastructure in 2018 and 2019 in the Vaca Muerta shale fields, the company said on Tuesday. TGS said in a filing it would build a 92-kilometer (57-mile) gathering […]
TGS to Invest $250 Mln in Infrastructure to Transport Vaca Muerta Gas Production
(Transportadora de Gas del Sur S.A., 3.Apr.2018) â Transportadora de Gas del Sur S.A. (TGS) executed an agreed minute with the Undersecretary of Energy, Mining and Hydrocarbons of the Province of NeuquĂ©n and Gas y PetrĂłleo del NeuquĂ©n S.A. (GyP), whereby TGS is granted a concession to build and operate […]
Frontera Energy to Double Investment in Colombia, Peru
(Reuters, 2.Apr.2018) – Canada’s Frontera Energy Corp named a new chief executive on Monday, and said it plans to more than double its investment in operations in Colombia and Peru during 2018, to up to $500 million. Frontera will direct between $225 million and $240 million of investment to new […]
Argentina to Develop Tight Shale Oil, Gas
(OGJ, Nick Snow, 27.Mar.2018) â With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by continuing to improve government policies, speakers said during a Mar. 27 discussion at the Inter-American […]
Tecpetrol Opens Gas Treatment Plant in Vaca Muerta
(ARPEL, February 6, 2018) â Tecpetrol, an oil company of the Techint Group and member of ARPEL, opened a gas treatment plant located in the vicinity of Añelo, NeuquĂ©n, with Governor of the Province of NeuquĂ©n Omar GutiĂ©rrez and Minister of Energy and Mines of Argentina Juan J. Aranguren. This […]
Vaca Muerta Megaproject â A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) â Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story âwhich is why we collectively need to put a stop to this if we are serious about restricting […]
Argentina Imports Natural Gas From Chile Under Two Contracts
(Energy Analytics Institute, Jared Yamin, 17.May.2017) â Argentina started importing natural gas from Chile, and will continue over an estimated three month period in order to cover increased demand during the winter period. On May 11, 2016 Argentina initiated import of an estimated 5 million cubic meters per day of […]
YPF And Schlumberger Ink Bandurria Sur JV Deal
(Schlumberger, 12.Apr.2017) â Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ăngel GutiĂ©rrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, NeuquĂ©n. The agreement, signed in YPFÂŽs offices in Buenos Aires involves a USD 390 million phased investment by […]
Tecpetrol to Invest $2.3 Bln in Vaca Muerta
(Reuters, Eliana Raszewski, 23.Mar.2017) â Argentinaâs Tecpetrol, part of the Techint Group, said on Thursday it would invest $2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from […]
President Energy Updates on Argentine Reserves
(President Energy Plc, 15.Mar.2017) â President Energy Reports Audited Argentine Reserves Upgrade President Energy Group 2P Hydrocarbon Reserves now in excess of 20 MMBoe. Highlights: — Argentine 1P Oil Reserves increase by 9% to 12 MMBoe of which 11.5 MMBbls is oil — Argentine 2P Reserves increase by 10% to […]
President Energy Provides Update on Argentine Ops
(President Energy Plc, 12.Mar.2017) â President Energy announced that the first workover of a previously producing well, DP12 at the Dos Puntitas field, has been completed on time and on budget. The workover of DP12 went to plan with minimal non-productive time and the well, which had previously had a […]
Moody’s Changes Outlook on Argentine Cos
(Moody’s Investors Service, 7.Mar.2017) â Moody’s Investors Service revised to positive from stable the outlook for several companies operating in Argentina, while all ratings were affirmed. The companies’ outlook change follows the revision of the Argentine government’s B3 rating outlook to positive from stable on March 6, 2017. ISSUERS AND […]
EcoStim Secures $17 Million in New Funding
(Eco-Stim Energy Solutions, Inc., 6.Mar.2017) â Eco-Stim Energy Solutions, Inc. announced that an affiliate of Fir Tree Partners (FTP) entered into a transaction with an affiliate of Albright Capital Management LLC (ACM) pursuant to which FTP has purchased from ACM $22 million aggregate principal amount of the company’s outstanding 14% […]
Andes EnergĂa, YPF to Develop Vaca Muerta
(Energy Analytics Institute (EAI), Clifford Fingers III, 16.Feb.2017) â Andes EnergĂa and YPF plan joint investments to boost hydrocarbon production in the Vaca Muerta in Argentina. âWe have projects to drill hundreds of wells,â reported the daily ClarĂn, citing Andes General Manager Alejandro Jotayan. âThe great potential is in shale […]
Moody’s Assigns Rating to Pampa EnergĂa
(Moody’s Investors Service, 6.Jan.2017) â Moody’s Investors Service assigned a B3 Corporate Family Rating (CFR) to Pampa EnergĂa S.A. At the same time, Moody’s assigned a B3 rating to the company’s proposed long term senior unsecured notes. Proceeds from the notes will be used to refinance debt and for capital […]
Eco-Stim Energy Secures $2 Mln Loan
(Eco-Stim Energy Solutions, Inc., 1.Dec.2016) â Eco-Stim Energy Solutions, Inc. finalized a $2 million secured loan from existing shareholders. The loan will have a one-year term with the proceeds used to prepay a $1 million note scheduled to mature on December 15, 2016, related to previous equipment purchases, as well […]
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
(Oilprice.com, Charles Kennedy, 15.Sep.2016) â The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. The British oil giantâs CEO Bob Dudley said that land in the Permian has become […]
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) â Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic policies in the ’80s to Washington-consensus liberalisation in the ’90s and back again under the Kirchner regime. Since the current […]
Argentina Establishes Ceiling for Subsidized Gas
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) â Argentina established a ceiling for subsidized gas invoices at 400 percent for private entities, and 500 percent for business entities. The prices will be in effect for the remainder of 2016, reported Efe, citing a resolution published in an official bulletin. ***
Executive Profile: YPF New CEO Ricardo Darré
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) â Ricardo DarrĂ© will assume the position of CEO at YPF on July 1, 2016, taking over the helm from the interim CEO. DarrĂ© graduated from the Buenos Aires Technology Institute (ITBA by its Spanish acronym) with a specialization in mechanical and industrial engineering, […]
ExxonMobil to Invest $10 Billion In Vaca Muerta
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) â U.S.-based ExxonMobil plans to invest $10 billion over the next 20 years in the Vaca Muerta area in Argentina. The announcement was made by ExxonMobil President Rex Tillerson during a visit the Vaca Muerta area in NeuquĂ©n with Argentine President Mauricio Macri, reported […]
YPF, Enap Sipetrol to Invest $165 Mln in Magallanes
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) â YPF and Enap Sipetrol plan to invest $165 million to boost production in the Magallanes field offshore. The companies plan to increase natural gas production by 60 percent to 4 million cubic meters per day from 2.4 million cubic meters per day, and […]
Moody’s Affirms YPF’s B3 Rating
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) â Moody’s affirmed YPF Sociedad Anonima’s B3 issuer rating. YPF’s B3 BCA (Baseline Credit Assessment) and its Baa1.ar national scale rating remained unchanged. The outlook on the ratings is stable. ***
Enargas Mandates Complexes To Reduce Gas Demand
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) â Union protests in Tierra del Fuego as well as climatic conditions have made it impossible to bring in LNG ships into the Buenos Aires province; thus, forcing the Argentina government to take steps to reduce demand for gas. An emergency committee meeting proposed […]
Argentina Launches RenovAr Plan
(Energy Analytics Institute, Jared Yamin, 31.May.2016) â The Argentine government launched its so-called National Renewable Energies Plan or RenovAr. The plan contemplates installing nearly 1,000 megawatts of energy from various wind, solar and other projects. The plan could attract project investments on the order of $2 billion in the first […]
Saesa Says 15 Wind Projects Ready For Construction
(Energy Analytics Institute, Jared Yamin, 31.May.2016) â Energy company Saesa announced that at least 15 wind park projects are ready to be built in Argentina, which represents nearly 900 megawatts of energy. There are also another 17 projects in the advanced approval stages, which have potential to add 1,000 megawatts […]