NRGBriefs: Brazil Eyes Vaca Muerta Gas
(Energy Analytics Institute, 11.Oct.2021) — Energy briefs including Argentina looking to send Vaca Muerta gas to Brazil; US-based Talos Energy setting date for 3Q:21 conf. call; and more. LATIN AMERICA...
Vaca Muerta Is The World’s Quickest Growing Shale Play
(Rystad, 29.Sep.2021) — Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest...
Venezuela Still Attractive: Amos Global Energy’s Ali Moshiri Says
(Energy Analytics Institute, 1.Sep.2021) — Venezuela, home to the world’s largest oil reserves, still has an opportunity to capitalize on producing oil amid the energy transition, Ali Moshiri, head of...
LatAm Briefs: Guyana-Suriname Basin Reserves
(Energy Analytics Institute, 21.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina pondering its allocation of energy subsidies, Ecopetrol closing on an earlier announced $3.7bn ISA...
Brazil In Talks With Argentina For Gas Pipeline From Vaca Muerta
(Reuters, 19.Aug.2021) — Brazil is negotiating with Argentina on the construction of a billion-dollar pipeline from the Vaca Muerta shale gas reserves, Brazilian President Jair Bolsonaro said on Thursday. Speaking...
Shale Oil Investments May Be Protected From Nationalization
(Baker Institute, 17.Aug.2021) — Shale oil’s short-cycle production protects foreign investors from the risk of expropriation — government taking private property for public use — providing an opportunity for the...
Vista Reveals JV With Trafigura For Vaca Muerta Development
(Vista Oil, 28.Jun.2021) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) announced that its wholly-owned subsidiary Vista Oil & Gas Argentina S.A.U. established an un-incorporated joint...
Roadblocks Lifted At Argentine Fields
(Argus, 28.Apr.2021) — Protesters in Argentina have lifted roadblocks that had crippled shale oil and gas activity and thwarted fuel distribution for almost three weeks. Healthcare workers started blocking roads...
Argentina Ramping Up LNG Imports
(Natural Gas Intelligence, 26.Apr.2021) — Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The...
Protests Erode Argentina’s Shale Flow
(Argus, 21.Apr.2021) — Argentina's shale oil and gas production is starting to decline and fuel shortages are worsening because of prolonged roadblocks by healthcare workers in Argentina's southwestern province of...
Vaca Muerta Production Impacted By Neuquén Protests
(Energy Analytics Institute, 20.Apr.2021) — Oil and gas production from Argentina’s prolific Vaca Muerta formation have been impacted by nearly two weeks of protests and road blockages by health care...
Argentina Prioritizing Oil Sector Legislation
(S&P Global, 15.Apr.2021) — Argentina's government is making advances on drafting a bill to provide incentives for ramping up the country's oil and natural gas production and exports, while more...
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...
Pampa To Start Producing Vaca Muerta Oil
(S&P Global, 14.Apr.2021) — Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping...
Vaca Muerta Faces Production Decline
(S&P Global, 12.Apr.2021) — Argentina's oil and natural gas output could begin to fall in the next few days if protesting health workers and truckers continue to block access to...
Shell Updates On South American Assets In Annual Report
(Shell, 1.Apr.2021) — Shell provided details in its 2020 annual report related to its operations in South America from Argentina, Brazil and Bolivia. What follows is a summary from the...
LatAm Briefs: Point Lisas’ Slide, Añelo Petrol Station
(Energy Analytics Institute, 1.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: halting the slide a Point Lisas in Trinidad and YPF inaugurating a new petrol station...
LatAm Briefs: Argentine Wages Issues, Pereyra To Step Down
(Energy Analytics Institute, 31.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentine oil workers threaten to strike in Vaca Muerta over wages, and Argentine oil union...
Neuquén Province Boosts Output In February 2021
(Energy Analytics Institute, 22.Mar.2021) — Argentina’s Neuquén province produced 178,349 barrels per day of oil in February 2021, up 3.22% sequentially and up 6.91% compared to February 2020. Approximately 80%...
YPF Increases Diesel, Gasoline Prices
(Argus, 16.Mar.2021) — YPF, the biggest oil producer in Argentina, said March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a $2.7 billion investment...
Argentina Torn Between Shale Dream And Climate Goals
(Bloomberg, 10.Mar.2021) — President Alberto Fernandez took to a makeshift stage in Argentina’s Vaca Muerta shale deposit in October to announce the nation was doubling down on fossil fuels. “Today...
Argentina’s Shale Ambitions Hang In Balance
(Bloomberg, 18.Feb.2021) — YPF SA, Argentina’s state-run oil company, needs to come up with more than $1 billion to spur drilling in Patagonia, where it’s leading development of the biggest...
YPF Sweetens $6.2 Bln Debt Deal Again After Offer Fails
(Reuters, 8.Feb.2021) — Argentine state energy giant YPF made a last-ditch improvement to its $6.2 billion debt restructuring offer to creditors late on Sunday and extended the deadline after the...
Vaca Muerta Now Producing At Record Levels
(Rystad, 3.Feb.2021) — The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only...
Argentina’s Escobar Terminal To Reopen
(S&P Global Platts, 1.Feb.2021) — A federal judge in Argentina has lifted a more than three-month suspension of the country's only floating storage and regasification unit (FSRU) after the government...
YPF Bonds Rally After Sweetened Debt Offer
(Bloomberg, 26.Jan.2021) — Bonds of Argentine oil producer YPF SA climbed to a three-week high after the company improved a $6 billion restructuring offer. Stocks also jumped. YPF’s $540 million...
Driller Stuns Creditors As Argentina’s Dollars Dwindle
(Bloomberg, 19.Jan.2021) — In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If...
Argentina Draws 16 Bids For Subsidized Gas Supply
(Argus, 3.Dec.2020) — Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power generation in...
YPF Reports $482mn Net Loss In 3Q:20
(Energy Analytics Institute, 11.Nov.2020) — Argentina’s state-controlled YPF announced operating and financial results for the third quarter of 2020. What follows is a summary of key data. MAIN HIGHLIGHTS OF...
Neuquén Targets 80 Rigs By March 2021: Gutiérrez Says
(Energy Analytics Institute, 22.Oct.2020) — Argentina’s Neuquén Province Governor Omar Gutiérrez said joint work by companies and workers will allow the region to achieve a growth path that will allow...
Fernandez Announces Details Of Gas Plan 4
(Energy Analytics Institute, 15.Oct.2020) — Argentina’s President Alberto Fernández announced details of the country’s Gas Plan 4 during a visit to the Vaca Muerta formation. The gas plan aims to...
Eleven Rigs Reactivated In The Vaca Muerta In Neuquén
(Energy Analytics Institute, 3.Oct.2020) — Argentina’s Neuquén Ministry of Energy data reveal 11 drilling rigs have been reactivated in the province, and all targeting the Vaca Muerta formation. Of the...
Investors Pull Plug On Argentina’s Prized Shale Play
(Oilprice.com, 19.Sep.2020) — Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock...
The Threat Of Oil Nationalism In Argentina
(Oilprice.com, 6.Sep.2020) — Latin America has a long history of resource nationalism, particularly when it comes to petroleum. Since the end of World War Two, this has acted as a...
YPF To Restart Shale Drilling In Argentina
(Argus, 4.Sep.2020) — Argentina's state-controlled YPF will resume drilling activity in the country's Vaca Muerta shale formation after an almost six-month pause resulting from pandemic restrictions. YPF will begin operating...
Argentina Puts Priority On Boosting Oil, Gas Exports
(S&P Global Platts, 28.Aug.2020) — Argentina's new energy secretary Dario Martinez plans to promote oil and natural gas production with a view to increasing exports as part of a strategy...
Argentina’s Shale Province Predicts Slow Recovery
(Argus, 25.Aug.2020) — Argentina's Vaca Muerta shale patch will take 12-18 months to resume pre-Covid-19 activity because of lagging demand, according to Alejandro Monteiro, energy minister of Neuquen province. "We...
Exxon Gets Concession For Los Toldos II Oeste Oil Block
(Zacks Equity Research, 19.Aug.2020) — Exxon Mobil Corporation was recently granted concession by the Neuquen provincial government for exploratory activities in another block, Los Toldos II Oeste, in the prolific...
ExxonMobil Secures Another LT Vaca Muerta Concession
(Argus, 14.Aug.2020) — ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and...
Shell Argentina CEO Sean Rooney’s EconoJournal Q&A
(Energy Analytics Institute, 4.Aug.2020) — Shell Argentina President Sean Rooney discussed his company’s operations in Argentina amid the Covid-19 pandemic, including commenting on continued and future development of the Vaca...
Fernandez To Creditors: ‘We Can’t Do Any More’
(FT.com, 19.Jul.2020) —Alberto Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that — with an economy devastated by coronavirus — he cannot budge from his...
Argentina Axes $2bn Vaca Muerta Gas Pipeline
(Energy Analytics Institute, 15.Jul.2020) — The Vaca Muerta gas pipeline, one of the most ambitious projects of the government of Argentina’s former President Mauricio Macri, was suspended indefinitely by Energy...
Will Argentina’s Oil Industry Survive This Crisis?
(Oilprice.com, 6.Jul.2020) — Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and...
Argentina’s Subsidy Not Enough To Boost Production
(GlobalData, 29.Jun.2020) — Adrian Lara, Senior Oil & Gas Analyst at GlobalData, commented on announcements from Argentina’s government to implement a new plan for subsidizing oil and gas production in...
Argentina Puts Damper On Oil Demand, Production
(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on...
YPF Issues Force Majeure Notice On Tango FLNG
(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter and services deals for the...
Argentina Weighs New Price Subsidy, Freezes Gas Tariffs
(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas...
Shell Suspends Vaca Muerta Ops After Seismic Activity
(Reuters, 7.Jun.2020) — Oil company Royal Dutch Shell Plc said it has suspended operations at its Bajada de Añelo site in Argentina’s Vaca Muerta area after seismic activity in the...
Argentina Sets Oil At $45/bbl To Shield Domestic Sector
(Reuters, 19.May.2020) — Argentina's government set the local crude oil reference price at $45 per barrel on Tuesday in a bid to protect the country's hard-hit sector from the impact...
Argentina Set $45/bbl Reference Oil Price
(S&P Global Platts, 18.May.2020) — Argentina's move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may...
Argentina: Unconventional Activity Update
(IHS, 12.May.2020) — The year 2020 has been filled with surprises as the COVID-19 pandemic spreads worldwide, leaving many homebound, resulting in a negative impact for many industries and ultimately...
Argentina Considers $45/bbl Floor For Domestic Crude
(Bloomberg, 7.May.2020) — West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has been practically soaring, touching $30...
YPF Names New CEO As Vaca Muerta Faces Setback
(Upstream, 1.May.2020) — Argentine oil company YPF has appointed industry veteran Sergio Affronti as chief executive, replacing Daniel Gonzalez, amid headwinds from the coronavirus pandemic and the collapse in oil...
TGS Files 2019 Annual Report On Form 20-F
(TGS, 29.Apr.2020) — Transportadora de Gas del Sur S.A. today it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 Annual Report")...
Argentina Plans Higher Local Oil Price
(Reuters, 23.Apr.2020) — Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by a collapse in global...
Argentina’s Shale Boom On Hold As Oil Prices Collapse
(Oilprice.com, 10.Apr.2020) — Argentina’s state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due...
YPF Slashes Vaca Muerta Output: Rio Negro Reports
(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid...
Vista Announces Data For 1Q:20 Results Release
(Vista, 9.Apr.2020) — Vista Oil & Gas, S.A.B. de C.V. will release its interim consolidated financial statements for the first quarter of 2020 on Tuesday, 28 April 2020. The company...
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca...
YPF Suspending Noncritical Activities
(Reuters, 20.Mar.2020) — Argentine state-run energy firm YPF said on Thursday it will gradually suspend activities not critical to its business, and will scale down staff to a minimum at...
YPF Reports Record One Day Fractures
(Energy Analytics Institute, Aaron Simonsky, 18.Mar.2020) — Argentina’s state oil company YPF announced positive results in regards its development of the country’s Vaca Muerta unconventional resources located in the Neuquén...
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...
Latin America Oil Plays Rocked By Oil Price Rout
(Argus, 9.Mar.2020) — Latin America's bold plans to tap deepwater, unconventional and heavy oil reserves — already under pressure by coronavirus in key demand markets — face an even greater...
Argentina To Ease NatGas, Power Price Controls In June
(S&P Global Platts, 18.Feb.2020) — Argentina plans to lift controls on power and natural gas tariffs as soon as June, a senior government official said, in a move seen as...
Equinor Strengthens Presence In Vaca Muerta
(Equinor, 31.Jan.2020) — Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province....
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 Deepens Partnership With Equinor And Shell
(Energy Analytics Institute, Aaron Simonsky, 31.Jan.2020) — The presidents of YPF, and European companies Equinor and Shell meet to discuss the scope of signed agreements and plans for the development...
IOCs To Press On With Vaca Muerta Projects
(S&P Global Platts, 27.Jan.2020) — Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan...
Argentina President Sees Potential In Conventionals
(S&P Global Platts, 13.Jan.2020) — Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just the shale resources in the...
Politics Driving Shale Fluctuations In Argentina
(Argus, 8.Jan.2020) — Argentina's shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the year. A total of 6,425...
Politics Drives Shale Fluctuations In Argentina
(Argus, 8.Jan.2020) — Argentina's shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the year. A total of 6,425...
Argentina’s Shale Boom Hits New Milestone
(Oilprice.com, Irina Slav, 10.Dec.2019) — YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca...
Chile LNG Imports Slump As Argentina Pumps More Gas
(Argus, 6.Dec.2019) — Chilean imports of liquefied natural gas have fallen to their lowest level in at least three years as the South American country imports more gas from neighboring...
Vista, YPF Win Vaca Muerta Licenses
(S&P Global Platts, 3.Dec.2019) — Argentina's Neuquen province awarded development licenses to Vista Oil & Gas and YPF in Vaca Muerta, a giant shale play that has seen investment and...
Exxon, Shell To Delay Vaca Muerta Production
(Seeking Alpha, Carl Surran, 20.Nov.2019) — Exxon Mobil and Royal Dutch Shell say they want to ramp up oil and natural gas production in Argentina's Vaca Muerta shale play but...