(Buenos Aires Times, Jairo Straccia, 2.Feb.2019) â 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 âcuadernosâ notebooks corruption scandal), and despite the holding groupâs Tecpetrol oil division being the biggest investor […]
Tag: Vaca Muerta
Argentina Reports Rise In Petroleum, Gas Output
(Energy Analytics Institute, Aaron Simonsky, 28.Nov. 2018) â 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 countryâs […]
Vista Preps First Two Shale Oil Pilots In Vaca Muerta
(S&P Global Platts, 26.Nov. 2018) â Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth. The Mexico City-based company got a 35-year production license for a block in the […]
LatAmNRG Panorama 22.Nov.2018: Venezuela, Colombia, Argentina
(Energy Analytics Institute, Piero Stewart and Aaron Simonsky, 22.Nov. 2018) â Heard on the street and other LatAmNRG briefs from OPEC producer Venezuela, and neighboring Colombia, emerging shale gas producer Argentina. Heard On The Street And Briefs Venezuelan Oil Workers Protest In Zulia A group of oil workers marched to […]
Tecpetrol Reports Rise In FortĂn de Piedra Shale Production
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) â Tecpetrol announced production at its FortĂn 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) â Belgiumâs EXMAR NV and Argentina’s YPF signed a firm, ten-year agreement to deploy EXMARâs 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 NeuquĂ©n Basin in Argentina. The barge-based floating liquefaction unit […]
Argentina To Start First-Ever LNG Exports In 2019
(Oilprice.com, Tsvetana Paraskova, 21.Nov.2018) â Argentina will be joining the ranks of exporters of liquefied natural gas (LNG) next year when it stars exporting gas from its Vaca Muerta shale play. Argentinaâs energy firm YPF and Belgian energy shipping company Exmar have signed a ten-year agreement, under which Exmar will […]
BP, Pan American Eye Exporting Argentina Shale Gas As LNG Via Chile
(S&P Global Platts, 15.Nov.2018) â Pan American Energy, the second-biggest oil producer and third for gas in Argentina, is working with BP on potentially exporting LNG out of Chile, a project that could prove faster to get Vaca Muerta shale gas to market than building a liquefaction facility in Argentina. […]
Argentinaâs Energy Sec. Iguacel Promotes Vaca Muerta In US Road Show
(Energy Analytics Institute, Aaron Simonsky, 13.Nov.2018) â Argentinaâs Energy Secretary Javier Iguacel participated in the annual Independent Petroleum Association of America (IPPA) meeting held in New Orleans, Louisiana. âWe have a great opportunity to give Argentine citizens plenty of energy and at affordable prices. We are very happy because today […]
YPF Says Combined Output Plummets 4.3% In 3Q:18
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) â 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) â Officials from Argentina initiated a road show today in the U.S. aimed at attracting investments in the Vaca Muerta formation in Neuquen. Argentinaâs 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) â Argentine hydrocarbon investments are projected to increase in 2019 compared to 2018, announced the countryâs Energy Secretary Javier Iguacel. âThis 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) â Argentinaâs shale boom taking place in the Vaca Muerta formation in Neuquen will not stop the country from pursuing goals related to renewable energies. âWe set out to promote renewable energies and assume a very specific commitment,â Argentinaâs Treasury reported in an official […]
Argentina Restarts Natural Gas Exports To Chile
(Reuters, Dave Sherwood, 30.Oct.2018) â 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 Argentinaâs oil- […]
YPF To Spend Billions To Boost Oil And Gas Output
(Reuters, Eliana Raszewski, Hugh Bronstein, 26.Oct.2018) â Argentinaâs state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Friday. It plans to raise production by between 5 percent and 7 percent […]
Argentina To Reduce Bolivian Gas Imports To Minimum
(Energy Analytics Institute, Jared Yamin, 20.Oct.2018) â 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 […]
Argentina Plans To Close LNG Importing Facility
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) â Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the matter, after booming production from shale deposits in the Vaca Muerta region turned the country into a seasonal exporter. A contract with Excelerate Energy, which […]
Argentina Looks to Cease Bolivian Gas Imports By 2020
(Energy Analytics Institute, Jared Yamin, 16.Oct.2018) â 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 […]
Boliviaâs Gas Lower than LNG, Vaca Muerta Shale: SĂĄnchez Says
(Energy Analytics Institute, Jared Yamin, 12.Oct.2018) â Bolivian natural gas is more competitive than liquefied natural gas (LNG) and gas from Argentinaâs Vaca Muerta shale formation, announced Boliviaâs Hydrocarbon Minister Luis Alberto SĂĄnchez. The minister stressed that Bolivian gas, priced at $7/MMbtu, was much cheaper than Argentine gas. Argentinaâs LNG […]
Añelo: The Two Realities of this Small Town in the Heart of Neuquen
(Energy Analytics Institute, Jared Yamin, 10.Oct.2018) â Añelo is a small oil town located in the heart of Neuquen and the Vaca Muerta shale revolution. This small town with a population of almost 8,000 is expected to swell to tremendously in coming years as the shale boom picks up speed, […]
Vaca Muerta Looks To Attract $7 Bln In Investments In 2019
(Energy Analytics Institute, Jared Yamin, 6.Oct.2018) â Investors could inject $7 billion into the Vaca Muerta in 2019, announced NeuquĂ©n Governor, Omar GutiĂ©rrez. âIn 2019, we will have 15 new drilling rigs conducting unconventional activity and reach an investment record with $7 billion,â reported the Argentine daily newspaper Clarin, citing […]
Argentina: The Energy Challenge
(YPF, 1.Oct.2018) â Argentinaâs unconventional oil & gas resources are among the worldâs largest. YPF is working and investing to increase production with the aim of meeting the challenge of regaining energy self-sufficiency. The importance of hydrocarbons Energy is the basis of our society and our way of life. We […]
Neuquen Gas Production Reaches 69.8 MMcm/d in August 2018
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) â Crude oil and natural gas production from the Neuquen Basin rose sequentially in August 2018. Oil production reached 120,551 barrels per day (b/d) in August 2018, up 6.64% compared to July 2018, and up 16.9% compared to August 2017, while gas production reached […]
Methane Fears Cloud Argentinaâs Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) â Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
Unlocking the Potential of Argentinaâs Oil and Gas Resources
(Chevron, Clay Neff, 23.Sep.2018) â âA stable and predictable business environment is essential to draw the investment capital needed,â says Chevron Africa and Latin America Exploration and Production Company President Clay Neff. Argentina is one of the few nations outside North America that has the potential to replicate its neighbourâs […]
Argentinaâs Conventional Oil and Gas Attract Explorers
(Ft.com, Charles Newberry, 23.Sep.2019) â Fresh discovery indicates life beyond Vaca Muerta. A few years ago, when the giant shale play of Vaca Muerta was starting to lure oil majors such as Chevron, ExxonMobil and Shell to Argentinaâs south-west, a small company called Roch struck oil far away at the […]
Excelerate Energy, TGS Sign Deal to Study Liquefaction Project in BahĂa Blanca
(Excelerate Energy L.P., 10.Sep.2018) â Excelerate Energy L.P. and Transportadora de Gas del Sur S.A. announced the execution of a Memorandum of Understanding to jointly collaborate on the assessment of a liquefaction project in the city of BahĂa Blanca, Argentina. Argentina currently imports liquefied natural gas (LNG) through two floating […]
Argentina: Exploration And Production Snapshots
(Deloitte, 31.Aug.2018) â In the wake of a decade-long slump in Argentinaâs oil and gas industry, the country is now well positioned to resurrect international investment and exploit its world-class resources to their full potential. With the support of a new pro-business government and the discovery of massive shale potential […]
Argentina Re-ignites Labor Deal to Spur Investment in Vaca Muerta
(Reuters, Eliana Raszewski, 28.Aug.2018) â Argentina relaunched a one-year-old agreement between the government, companies and workers on Tuesday to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement. The original agreement, signed just over a year ago, sought to boost production by […]
Argentina Gas Auctions to Begin in August
(Reuters, 19.Jul.2018) â Argentinaâs electricity generators will be able to begin bidding for their natural gas supply beginning in August, President Mauricio Macri said, as the country gradually moves away from controls on energy markets. The change comes as rising output in the Vaca Muerta shale play moves the country […]
Pampa Reaches 35-Year Deal in Sierra Chata Block
(Pampa EnergĂa S.A., 10.Jul.2018) â Pampa EnergĂa S.A. announced an Investment Agreement was executed with the NeuquĂ©n province, which will grant a new 35-year concession for unconventional hydrocarbon exploitation at the Sierra Chata block (the âBlockâ), aiming at the development of unconventional shale and tight gas in the Vaca Muerta […]
Argentina to Free Retail Fuel Prices
(Reuters, Luc Cohen, 1.Jul.2018) â Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nationâs oil patch but risks worsening sky-high inflation and angering consumers. Separately, […]
Argentina Gears Up For Offshore Licensing Round
(E&Pmag, Brunno Braga, 25.Jun.2018) â Argentina is working to increase its attractiveness in the energy sector in a region where other countries such as Brazil, Guyana and Mexico have lured investment from major oil companies. The South American country is about to launch its first round of offshore licensing after […]
Rick Perry Wants Argentina be More Like Texas
(Bloomberg, 17.Jun.2018) â The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home. Energy Secretary Rick Perry will help Argentina connect with U.S. companies that have shale oil and gas expertise as President Mauricio Macri — facing a natural gas trade deficit — hurries […]