(Energy Analytics Institute, 29.Oct.2024) â Vaca Muerta shale formation producers Tecpetrol and Pampa EnergĂa are reportedly moving forward with plans to utilize the BahĂa Blanca port area recently abandoned by state-owned YPF SA and its Malaysian counterpart Petronas in favor of another port at RĂo Negro. Tecpetrol, Argentina’s main shale […]
Tag: Pampa Energia
Pampa Announces Settlement of Cash Tender Offer
(Pampa, 10.Sept.2024) â Pampa EnergĂa S.A. announced the settlement of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of Pampa’s outstanding Series 1 7.500% Notes due 2027 (the “Notes”) issued by the company under the indenture dated as of 24 Jan. 2017 (the “Indenture”). The Tender Offer expired at 8:00 […]
Pampa Energia Raises Over $400mn to Accelerate Vaca Muerta Drive
(Reuters, 6.Sep.2024) â Argentine natural gas producer Pampa Energia announced a debt issuance of $410 million on Friday, signaling investor confidence in the company as it expands operations in the country’s Vaca Muerta shale formation. The development of the massive shale deposit, where competitors including state-owned YPF and Vista Energy are […]
NRGBriefs: Pampa EnergĂa Annual Report; Coho Trenching Starts
(Energy Analytics Institute, 16.May.2022) â Energy briefs including Argentine oil producer Pampa EnergĂa S.A. revealing its annual report for year-end 2021; and Touchstone Exploration saying that trenching has commenced at its Coho project. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentine oil producer Pampa EnergĂa S.A. revealed its annual rpt […]
Ecuador Crude Pipelines Brace For Further Erosion
(Argus, 8.Jun.2020) â State-owned PetroEcuador restarted the 360,000 b/d Sote crude pipeline today after completing a second bypass. Heavy rains ruptured the line in early April and caused erosion around a series of rivers in San Rafael on the border between Napo and Sucumbios provinces. The two bypasses, one of […]
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
(Argus, 15.Apr.2020) â Ecuador’s oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude exports into May. PetroEcuador said it has pushed 10 crude export loadings from April to May as it works to […]
Pampa Energia Curbs Polystyrene, Styrene Butadiene Rubber Output On Demand
(S&P Global Platts, Bernardo Fallas, 13.Nov.2018) â 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 […]
Macriâs Reverse Unnerves Shale Investors
(Financial Times, Benedict Mander, 25.Jun.2018) â The collapse of the Argentine peso and the governmentâs struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the worldâs largest deposits of shale oil and gas. In his drive to liberalise Argentinaâs energy markets, President Mauricio Macri […]
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 […]
Approval of Sale of Petrobras Argentina
(Petrobras, 13.May.2016) â Petrobras announced that its Board of Directors approved the sale of its entire 67.19 percent interest in Petrobras Argentina (PESA), owned by Petrobras Participaciones S.L. (PPSL), to Pampa EnergĂa. The transaction base price is $892 million, equivalent to the value of $1,327 million for 100 percent of […]
Petrobras Reports on Negotiations for Sale of Petrobras Argentina
(Petrobras, 8.May.2016) â Petrobras, regarding the sale of its stake in Petrobras Argentina, as disclosed in the Material Fact on February 3, 2016, would like to announce that negotiations with Pampa Energia are ongoing, extending the period of exclusivity for another 30 days to complete negotiations. Petrobras reiterates that this […]