BELIZE CITY, BELIZE (By Aaron Simonsky, Energy Analytics Institute, 12.Jan.2025, Words: 198) — Work continues to expand the electricity supply in Taquimilán, Neuquén to provide public lighting to 242 lots located at the entrance to the town and is close to reaching completion. Approximately 95% of the work has been […]
Tag: Neuquén
Argentina’s Vaca Muerta shale formation: a game-changer in the making
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 23.Nov.2024) — The Vaca Muerta shale formation in Argentina’s Neuquén Basin isn’t just another oil and gas formation, it’s the crown jewel of the South American country’s energy future. Often compared to U.S. shale heavyweights like the Permian and Bakken, Vaca Muerta […]
LatAm Briefs: Health Workers Protest In Argentina
(Energy Analytics Institute, 14.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Labor Ministry issuing a mandatory conciliation between oil workers and companies, companies in Argentina prepare to pay more for gas starting 1 May 2021, and health and social workers protest in Neuquén. Argentina’s Labor […]
Neuquén Provincial Govt Seeks Minimum $50/bbl Price
(Energy Analytics Institute, Aaron Simonsky, 10.Mar.2020) — Officials from Argentina’s Neuquén Province has requested formal meetings be held with the Energy Secretariat of Argentina’s government and authorities of hydrocarbon-producing provinces of the South American country to discuss a possible floor oil price that would support hydrocarbon activities. “The price we […]
Schlumberger Completes Sale Of Bandurria Sur
(Schlumberger, 31.Jan.2020) — Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in Neuquén, Argentina to Shell Argentina S.A. and Equinor. YPF will continue as operator of the block. This divestment covers all of Schlumberger’s interest in the Bandurria Sur shale […]
Argentina NatGas Exports Reach 5.9 MMcm/d In 1H:19
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2019) — Argentina shipped an average 5.9 million cubic meters per day (MMcm/d) of natural gas to Chile, Brazil and Uruguay during the first half of 2019. Argentina re-initiated gas exports to Chile in September 2018 under an interruptible modality, after abruptly suspending shipments in […]
Argentina Gas Output At Highest Point In 11 years
(Energy Analytics Institute, Aaron Simonsky, 29.Jul.2019) — Production of crude oil and natural gas in Argentina continues to rise, aided by growth in unconventional volumes from the Vaca Muerta formation. Highlights: — Gas production in June 2019 rose 5.8% compared to June 2018; reaches highest point since September 2008 — […]
Wintershall Dea And ConocoPhillips Team Up In The Prolific Neuquén Basin
(Wintershall, 25.Jul.2019) — ConocoPhillips is a new partner in the Aguada Federal and Bandurria Norte blocks with Wintershall Dea. The two companies will advance the development of the significant Vaca Muerta shale resources in the blocks. Wintershall Dea is pleased to announce that it has signed a Sales and Purchase […]
Argentina Eyes Exporting Oil In 2020, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui highlighted investments announced by Exxon Mobil destined for the massive development the Bajo del Choique – La Invernada block during the 6th Vaca Muerta Executive Board meeting that took place 14 June in Neuquén. “There are already four […]
Sixth Vaca Muerta Executive Board Meeting In Neuquén
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The 6th Vaca Muerta Executive Board meeting took place 14 June in Neuquén in the presence of the Neuquén Governor Omar Gutiérrez and Argentina’s Energy Secretariat Gustavo Lopetegui. During the meetings, several sub-working table groups comprised of representatives of the national and provincial […]
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 […]
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, Neuquén Governor Gutiérrez to meet with Royal Dutch Shell’s Ben Van Beurden, and Tecpetrol Argentina still investigating fatal Fortín de Piedra […]
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 […]
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 Neuquén Governor Omar Gutiérrez. In the last three years, unconventional oil production has grown 150% while gas […]
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 […]
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 […]
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, […]
Government’s Adjustment Plan For Vaca Muerta Puts Conflict On The Horizon
(Buenos Aires Times, Jairo Straccia, 2.Feb.2019) — Despite all the smiling photos taken in the past showing President Mauricio Macri and Techint CEO Paolo Rocca together (even at the height of the now infamous “cuadernos” notebooks corruption scandal), and despite the holding group’s Tecpetrol oil division being the biggest investor […]
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 […]
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 Neuquén, Argentina, an Investment Agreement Letter (Acta […]
Tecpetrol Reports Rise In Fortín de Piedra Shale Production
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Tecpetrol announced production at its Fortín 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 Neuquén Basin in Argentina. The barge-based floating liquefaction unit […]
Neuquén Gov’t Suspends YPF’s Environmental License At Two Pads
(Energy Analytics Institute, Aaron Simonsky, 21.Nov.2018) — The Government of the Province of Neuquén 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 […]
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 […]
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 […]
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 […]
Argentina Restarts Natural Gas Exports To Chile
(Reuters, Dave Sherwood, 30.Oct.2018) — Argentina has begun exporting natural gas to Chile after a 12 year interlude, Chilean President Sebastian Pinera said on Tuesday, as the two South American neighbors seek to increasingly integrate their energy supply and electricity grids. The unconventional gas is being piped from Argentina’s oil- […]
Añelo Population Growth Part Of Region’s Shale Boom
(Energy Analytics Institute, Ian Silverman, 20.Oct.2018) — Añelo’s population is expected to reach 25,000 by 2023 compared to nearly 8,000 today and just 2,000 in 2011, reported the media outlet Río Negro. “80% of the city has basic services such as water, electricity, gas and sewage,” reported the daily, citing […]
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 […]
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 Neuquén. No injuries were reported, and the location was evacuated for security reasons to initial contingency work, reported the media outlet Río Negro. YPF didn’t reveal details […]
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 […]