(Energy Analytics Institute, Aaron Simonsky, 27.May.2019) — Argentina’s Environmental Crimes prosecutor Maximiliano Breide Obeid anticipates more samples will be taken from Treater’s oil waste plant located in Añelo in Argentina. Treater recently released a statement that states results from the first samples taken by the prosecution showed normal values, reported […]
Tag: Vaca Muerta
YPF Says BahĂa Blanca And Chile Are Potential Sites For LNG Plants
(Energy Analytics Institute, Aaron Simonsky, 23.May.2019) — The Argentine port of of BahĂa Blanca is at present a principal location for consideration of construction of a LNG plant; however, the Chilean option hasn’t been ruled out due to the importance of gas markets in Asia, reported online media RĂo Negro, […]
Argentina Readies To Join LNG Exporters Club With Maiden Cargo
(Reuters, 20.May.2019) — Argentina is about to export its first liquefied natural gas (LNG) cargo from a new floating facility, marking a milestone for its energy sector boosted by rising gas production from its large Vaca Muerta shale region. State energy firm YPF is believed to be offering a partial […]
Argentina’s Economic Crisis Threatens To Stall Vaca Muerta
(Petroleum Economist, Charles Waine, 14.May.2019) — Argentina’s hope of fast-tracking production from its vast Vaca Muerta shale play, the world’s second largest by output, could be delayed as the country adapts to recession. Last year, Argentina was forced to seek a $57bn bailout package from the IMF — the largest-ever […]
Madalena Starts Vaca Muerta Drilling On The Coiron Amargo Sur Este Block
(Madalena, 13.May.2019 ) — Madalena Energy Inc. has been informed by the operator of the Coiron Amargo Sur Este (CASE) block that a drilling rig was mobilized and commenced drilling of the CASE-101h well during the first week of May. Madalena holds a 35% non-operated interest in the CASE block […]
Tecpetrol Argentina Work Halted Until Security Issues Resolved
(Energy Analytics Institute, Aaron Simonsky, 13.May.2019) — The block where Tecpetrol conducts activities in Argentina can’t initiate operations until necessary security measures are completed and approved by Argentina’s Labor Sub-Secretary, online media RĂo Negro reported 13 May 2019, citing oil and gas union official Guillermo Pereyra. They are halting all […]
Argentina Eyes Possible Start Of Vaca Muerta-BahĂa Blanca Train Project In 2020
(Energy Analytics Institute, Aaron Simonsky, 12.May.2019) — Two train projects planned to connect Vaca Muerta with BahĂa Blanca will most likely not start moving forward until 2020 due to a lack of public funds and disinterest from the private sector. The proposed project would have capacity to transport 3.3 million […]
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, NeuquĂ©n Governor GutiĂ©rrez to meet with Royal Dutch Shell’s Ben Van Beurden, and Tecpetrol Argentina still investigating fatal FortĂn de Piedra […]
Tecpetrol Reports Death Of Two Contractors At FortĂn De Piedra Project
(Energy Analytics Institute, Aaron Simonsky, 6.May.2019) — Tecpetrol announced that an accident on 5 May 2019 at the CPF plant of its FortĂn de Piedra natural gas project in Argentina resulted in the death of two contractors. Workers involved in the fatality included: Cristian Nicolás Baeza, 34 years old and […]
Argentina Exported An Average 6 MMcm/d To Chile During 1Q:19
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2019) — Argentina shipped an average of almost 6 million cubic meters per day (MMcmd/) of natural gas to Chile during the first quarter of 2019, while a peak of 9.6 MMcm/d was achieved in March 2019, Argentina’s Energy Secretariat announced on 25 April 2019 […]
Debt Ghosts Rattle Argentina’s Push For Shale Greatness
(Bloomberg, Alix Steel and Jonathan Gilbert, 24.Apr.2019) — To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis. Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since […]
Bolivia Gas Production: “Increasingly Smaller, Increasingly Expensive”
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 23.Apr.2019) — Bolivia’s production of natural gas reached 36 million cubic meters per day (MMcmd/) in March 2019, one of the lowest levels in the last 10 years, Mauricio Medinaceli, an expert on the subject, wrote in his blog titled “Natural Gas […]
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 NeuquĂ©n Governor Omar GutiĂ©rrez. In the last three years, unconventional oil production has grown 150% while gas […]
Phoenix Global Announces Departure Of CEO Anuj Sharma
(Phoenix, 23.Apr.2019) — Phoenix Global Resources plc announces that Mr. Sharma has served a notice on the company, which the company is treating as a notice terminating his employment in accordance with his service agreement and resigning from his position as CEO and a director of the company with immediate […]
Bolivia Eyes Exporting LNG Through Argentina, Importing Crude
(S&P Global Platts, 22.Apr.2019) — Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in Argentina, and to buy crude from its southern neighbor, Bolivian President Evo Morales said Monday, a move that would compensate for dwindling sales of its main export to Argentina and […]
Why The Argentinian Shale Boom Isn’t Taking Off
(Oilprice.com Irina Slav, 22.Apr.2019) — The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested it could yield oil and gas at competitive production costs, offering Argentina the chance to emulate the U.S. shale boom. […]
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 […]
Exxon Mobil Wins Three Exploration Blocks Offshore Argentina
(Reuters, 16.Apr.2019) — U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks will add about 2.6 million net acres to Exxon’s existing holdings in Argentina, the company said. The blocks are located […]
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 […]
Argentina Sees Steady Growth In Light Crude Exports From Vaca Muerta
(S&P Global Platts, 9.Apr.2019) — Argentina’s state-led YPF is preparing a shipment of light crude from Vaca Muerta, a trend the federal government expects to gain as production increases from the shale play, Argentinian Energy Secretary Gustavo Lopetegui said Tuesday. “This year for the first time in many years we […]
Argentina’s Incumbent Political Party Wins Rio Negro Oil Province Election
(S&P Global Platts, 8.Apr.2019) — The incumbent political party in Rio Negro, an oil province in Argentina, won the re-election on Sunday; a result that could favor President Mauricio Macri’s chance for a second term in October, allowing him to press ahead with measures and policies driving a recovery in […]
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, […]
Argentina Energy 2019: Oil & Gas, Lithium and Energy Transition
(Institute of the Americas, 4.Apr.2019) — On March 27-28, the Institute of the Americas convened its annual Energy Roundtable in Buenos Aires with the participation of over 100 representatives from the federal, provincial and city government, regulators, industry, academia and civil society. The two day Roundtable counted several high level […]
Phoenix Awarded Concession At Puesto Rojas Block In Argentina
(Phoenix, 4.Apr.2019) — Phoenix Global Resources plc has been granted an unconventional concession for its Puesto Rojas block in Mendoza province. The company has been notified by Mendoza Province that it has been successful in its application for an unconventional concession for the entire Puesto Rojas block. The new concession […]
Tecpetrol Says Resolution 46 Covers Entire Fortin de Piedra Gas Project
(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2019) — Tecpetrol, the oil and gas affiliate of Techint, considers that a resolution emitted by Argentina’s Finance Ministry rejects the appeal presented for incorrect liquidation of benefits offered by the country’s gas subsidy, officially Resolution 46/17, the company announced in a post on its […]
LatAmNRG Bolivia Briefs: Bolivia And Argentina Ink Addendum
(Energy Analytics Institute, Ian Silverman, 14.Feb.2019) — Heard on the street and LatAmNRG briefs on Bolivia and Argentina inking addendum to natgas PSA, irregular natgas demand in Brazil and Argentina affect’s Bolivia’s GDP, Bolivia taking actions to cut diesel imports by up to 5%, YPFB commencing exploration activities in Oruro, […]