![EAI Southern Cone NRG Dashboard 4Q:24 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/plataforma-petrobras-1140x694-1.jpg)
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s Southern Cone NRG Dashboard 4Q:24 with upstream, downstream, midstream, liquefied natural gas (LNG), renewable, new energies and other updates from Argentina (planned LNG projects, plans in the prolific Vaca Muerta shale play), Bolivia, Brazil (pre-salt and floating production, […]
Tag: Vaca Muerta
Argentina Reports Energy Trade Balance Surplus between Jan.-Nov. 2024
(Energy Analytics Institute, 20.Dec.2024) — Argentina’s national government said the South American country registered an energy trade balance surplus of over $514mn in Nov. 2024, and a surplus of $4,806mn in the first 11 months of 2024 owing to a growth in exports and a sharp drop in imports. In […]
Oil production and export boom driving Neuquén’s economy
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 21.Dec.2024) — Production grows 9.5% in the first 10 months of the year, driven by the Neuquén Basin. Exports increased by 42%, generating over $1.4bn in additional revenues. Argentina’s hydrocarbon sector is undergoing significant growth, and the Neuquén Basin, home to the […]
Argentina’s Hydrocarbon Sector Takes Baby Steps in 2024, Bigger Steps to Come in 2025
(Camilo Ciruzzi , Energy Analytics Institute, 11.Dec.2024) — Efforts by Argentina’s president Javier Milei have resulted in a more flexible regulatory framework and to the benefit of his South American country’s hydrocarbon sector as strategic projects continue to inch forward. No surprise, Argentina’s crude oil and natural gas sectors are […]
Argentina’s YPF eyes Southern Energy SA floating LNG project
RIO NEGRO, ARGENTINA (Camilo Ciruzzi , Energy Analytics Institute, 8.Dec.2024) — Buenos Aires-based YPF SA has an eye solidifying its position in the global LNG market. That, as the state-owned company’s eyes are now focused on 2 liquefaction projects in Argentina. While advancing its own project (Argentina LNG), YPF has […]
Argentina’s Vaca Muerta anchors record growth in production
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 6.Dec.2024) — Argentina’s crude oil and natural gas sectors are experiencing a historic surge. That, as production nears record highs, driven by the prolific Vaca Muerta shale formation. Continued development of Vaca Muerta is reshaping the South American country’s energy landscape, reducing […]
Harbour inks deal for Southern Energy SA FLNG project in Argentina
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Dec.2024, Words: 311) — Harbour Energy inked a participation agreement with Pan American Energy and Golar LNG to buy a 15% interest in Southern Energy SA, a company which has an eye on developing a floating liquefied natural gas (FLNG) export project in […]
Fact sheet: Harbour Energy in Argentina
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 3.Dec.2024, Words: 261) — Harbour Energy is a major supplier of energy and one of Argentina’s top producers of natural gas. The UK-based company has been active in Argentina for over four decades and has a long-term operator partnership through France’s TotalEnergies. […]
PAE Issues Reservation Notice to Golar LNG for FLNG Hilli
HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 30.Oct.2024) — Pan American Energy (PAE) issued a reservation notice in Oct. 2024 reserving the floating liquefied natural gas (FLNG) ‘Hilli’ to PAE and Golar LNG’s liquefaction project in Argentina. This reservation notice ends Golar’s option to nominate an alternative FLNG vessel to […]
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 […]
The Vaca Muerta Gas-export Plan is a Pipe Dream
(Reuters, 21.Nov.2024) — Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government’s free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade. About $58 billion worth of new or upgraded […]
Argentina and Brazil sign MOU related to Vaca Muerta shale gas infrastructure
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 19.Nov.2024) — Argentina’s Economic Minister Luis Caputo and Brazil’s Energy and Mining Minister Alexandre Silveira signed a memorandum of understanding (MOU) to discuss the necessary infrastructure needed for the export of Vaca Muerta shale natural gas to Brazil. At stake is potential for […]
GeoPark Reports Exploration Success at Confluencia Norte
(Chad Archey, Energy Analytics Institute, 12.Nov.2024) — GeoPark Limited announced the successful start of production in the Confluencia Norte Block in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark’s partnership with Phoenix Global Resources (PGR) in the Vaca Muerta formation. The Confluencia Norte Block (GeoPark non-operated, 50% […]
Argentina’s YPF advances VMOS and Oldelval pipeline projects
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 8.Nov.2024) — State-owned YPF SA continues to advance various midstream projects on Argentina’s Atlantic coast, in particular the 2 tranche Vaca Muerta South (VMOS) and the Oldelval pipeline. Work on VMOS has reached the 50% mark.
Argentina Oil & Gas Patagonia: 25 Oct. Photo Journal
(Energy Analytics Institute, 25.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
Argentina Oil & Gas Patagonia: 24 Oct. Photo Journal
(Energy Analytics Institute, 24.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
Argentina Oil & Gas Patagonia: 23 Oct. Photo Journal
(Energy Analytics Institute, 23.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
“Shale en Argentina”: Pan American Energy’s Fausto Caretta
HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) — Pan American Energy Upstream Managing Director Fausto Caretta spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentina’s Vaca Muerta formation. What follows are excerpts from his participation […]
“Shale en Argentina”: IAPG President Joe Amador
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 12.Sep.2024) — IAPG Houston president Joe Amador provided a general update and overview of Argentina’s Vaca Muerta shale play during the most recent edition of “Shale en Argentina” in Houston, Texas. What follows are excerpts from Joe Amador’s participation at the event: —”If […]
“Shale en Argentina”: Pluspetrol’s Julián Escuder
HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) — Pluspetrol Country Manager Julián Escuder spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentina’s Vaca Muerta formation. What follows are excerpts from Julián Escuder’s participation in the […]
Pampa Energia raises over $400mn to accelerate Vaca Muerta drive
BUENOS AIRES, ARGENTINA (Reuters, 6.Sep.2024) — 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 […]
Rice’s Baker Institute unveils Argentina Energy Sector Initiative
(Baker Institute, 8.Aug.2024) — Rice University’s Baker Institute for Public Policy announces a new initiative focused on the Argentine energy sector that will result in conferences, reports and workshops. Argentina possesses a wide range of energy resources, including the Vaca Muerta shale formation which contains the world’s second largest unconventional […]
Geopark Reports 1Q:24 Results
(GeoPark, 15.May.2024) — GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended 31 Mar. 2024 (“First Quarter” or “1Q2024”). A conference call to discuss these financial results will be held on 16 May 2024, at 10:00 am (Eastern Daylight Time). FIRST QUARTER 2024 SUMMARY In […]
GeoPark In Exclusive Dealings to Buy Unconventional Blocks in Vaca Muerta
(GeoPark, 11.Apr.2024) — GeoPark Limited (NYSE: GPRK) has submitted a binding offer to acquire a non-operated working interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the date of this release, the offer has been accepted by the seller and the parties are working on an […]
YPF Provides 4Q:23 Operational, Financial Updates
(YPF, 7.Mar.2024) — YPF SA reported total hydrocarbon production averaged 514 Kboe/d in 2023 (+2% vs. 2022) and 511 Kboe/d in 4Q23 (-2% q/q but +2% y/y), mainly boosted by the expansion in crude oil production, while natural gas production declined by 3% in 2023 driven by lower demand. 46% […]
Fact sheet: Argentina’s Vaca Muerta formation [Videos]
(Aaron Simonsky, Energy Analytics Institute, 4.Dec.2023) — Argentina’s Vaca Muerta shale formation contains an estimated 308 trillion cubic feet (Tcf) of recoverable shale resources and is important for continued economic development of the South America country, according to the government. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All […]
Argentina Inaugurates Gas Pipeline to Reverse Energy Deficit
(Reuters, 9.Jul.2023) — Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country’s significant energy deficit. Vaca Muerta, a […]
Vaca Muerta Could Produce 1 MMb/d by 2030, Rystad Says
(Rystad Energy, 31.May.2023) — Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling […]
Argentina Asks Oil Firms to Fund Their Own Imports Amid Forex Shortage
(Reuters, 24.May.2023) — The Argentine government has asked oil companies to finance their own imports for 90 days due to the shortage of foreign currency at the country’s central bank, an official source familiar with the matter said on Wednesday. The request follows a decision from the government to request […]
Chile Signs Oil Import Deal with YPF
(Reuters, 8.May.2023) — Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF (YPFD.BA) to import crude through the Trasandino pipeline, a key step for both countries’ trade. The Trasadino pipeline, known as OTA-OTC or OTASA, connects the huge Vaca […]
Argentina’s Revival Will Move Global Energy Markets
(LatAm Investor, 20.Jan.2023) — Most international investors keep clear of Argentina. It has an unenviable record of default and expropriations while successive governments seem unable to manage the country’s incredible natural wealth. The return of the controversial Cristina Kirchner – who was Argentina’s first lady then president from 2003 to […]
Vaca Muerta Shale Day in Houston 2022
(IAPG, 27.Sep.2022) — Since its first wells more than ten years ago, Argentina’s Vaca Muerta has come a long way to become the most relevant shale play outside North America. Full development has become a reality and production from Vaca Muerta now represents 41% of Argentina’s oil production and 38% […]
Argentina Eyes Record Output from Vaca Muerta
(Reuters, 6.Sep.2022) — Argentina is on track to hit record oil output this year from its massive shale deposits, which are already responsible for record natural gas production, a key local official said on Tuesday, amid a national push to grow domestic energy supplies. Located in western Neuquen province, the […]
![NRGBriefs: YPF Produces 504,000 boe/d in 2Q:22 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/argentina-2q22-source-ypf.jpg)
NRGBriefs: YPF Produces 504,000 boe/d in 2Q:22 [PDF Downloads]
(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including Argentina’s state-owned oil and gas producer YPF reporting combined production of 504,000 boe/d in the 2Q:22. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s state-owned oil and gas producer YPF reported production of 504,000 boe/d in the 2Q:22, flat w/ q-o-q but […]
Argentina Signs Deal with Tenaris to Move Gas from Vaca Muerta
(Reuters, 17.Jun.2022) — Argentine state company Energia Argentina signed a contract June 16 with pipeline producer Tenaris, a critical step toward completing a pipeline to transfer natural gas from Argentina’s giant Vaca Muerta shale formation. The government says the pipeline will allow Argentina to forgo costly imports of LNG and reverse a large energy deficit that has limited the country’s economic recovery. The […]
Global Energy Upheaval Offers Argentina’s ‘Dead Cow’ a New Lease of Life
(FT, 2.Jun.2022) — Can the EU’s ban this week on most Russian oil imports breathe new life into a dead cow in Patagonia? Argentina’s president Alberto Fernández thinks so. He is talking up the potential of the world’s second-largest shale gas deposit and its fourth-largest shale oil reserve to fill […]
Argentina Seeking $10bn Investment to Jump-Start LNG Exports, Minister Says
(Reuters, 27.Apr.2022) — Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump start exports of liquefied natural gas (LNG) by 2027, economy minister Martin Guzman said on Wednesday. Argentina is home to the huge Vaca Muerta formation, […]
Argentine Oil Union Wants Back Jobs Lost in Pandemic Amid Rise in Business
(Reuters, 11.Apr.2022) — Argentina’s largest oil union called on the industry to restore jobs lost during the COVID-19 pandemic following a significant increase in production, the union’s leader told Reuters. The South American nation is trying to increase its production to reverse its long-suffering energy deficit, which is hitting its […]
Gazprom Expresses Interest in Selling LNG to Argentina
(Energy Analytics Institute, 30.Mar.2022) — Gazprom expressed interest in supplying liquefied natural gas (LNG) to Argentina to replace market share lost due to sanctions imposed by the US and Europe in response to Russia’s invasion of Ukraine. Gazprom reportedly sent an offer to state-owned company Integración Energética Argentina (IEASA, formerly […]
Neuquén Province January 2022 Production Rises YOY
(Energy Analytics Institute, 21.Feb.2022) — Crude oil and natural gas production from Argentina’s Neuquén Province grow in January 2022 owing to development of unconventional projects approved by the provincial government, according to Alejandro Rodrigo Monteiro, Neuquén’s Minister of Energy and Natural Resources. Neuquén’s oil production averaged 254,357 barrels per day […]
Wintershall to Sell Stakes in Two Argentine Blocks for $140mn
(Offshore Technology, 18.Jan.2022) — Wintershall Dea Argentina has agreed to sell a 50% operated working stake in the unconventional Aguada Federal and Bandurria Norte blocks, in Argentina, to Vista Oil and Gas for $140m. According to the terms of the deal, Vista will pay $90m on or prior to 18 January 2022. The remaining […]
YPF eyes unlocking Vaca Muerta’s potential: CEO Sergio Affronti at WPC Houston
HOUSTON, TEXAS (Energy Analytics Institute, 8.Dec.2021) — YPF’s CEO Sergio Affronti said the state oil producer was looking at “unlocking the Vaca Muerta’s full shale gas potential,” during the 23rd World Petroleum Congress (WPC) in Houston. What follows are highlights from his speech on 8 December 2021 at the WPC […]
YPF To Post Higher-Than-Expected Oil Production Growth
(S&P Global, 10.Nov.2021) — YPF, the biggest oil producer in Argentina, expects to post higher-than-expected oil production growth this year as it steps up drilling in the Vaca Muerta shale play to set it up for a continued rise next year, CEO Sergio Affronti said Nov. 10. “Shale oil production […]
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 AND THE CARIBBEAN Brazil — Brazil’s Foreign Minister Carlos França expressed “enthusiasm” over a deal w/ Argentina to allow for […]
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 growing major shale basin, a Rystad Energy report shows. A record number of wells were completed and put on production […]
Venezuela still attractive: Amos Global Energy’s Ali Moshiri says
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 1.Sep.2021, Words: 1,400) — 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 Amos Global Energy tells Energy Analytics Institute (EAI). “Investment is going to […]
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 deal, reserves in the Guyana-Suriname Basin continuing to rise, and trafficking of coltan rising between Colombia and Venezuela, and much […]
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 to supporters on social media, he said the gas pipeline from Argentina was one of the options his government is […]
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 increasingly risk-averse global petroleum industry, according to a new report. The paper, “Shale Renders the ‘Obsolescing Bargain’ Obsolete: Political risk […]
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 venture and has entered into an investment agreement with Trafigura Argentina S.A. for the joint development of, initially, 5 pads […]