(Reuters, Luc Cohen, 14.Jun.2018) â Argentina will begin exporting natural gas to neighboring Chile before the end of the year, the energy ministers of both countries said on Thursday, as output from the Vaca Muerta shale field rises. The two South American countries had previously signed deals allowing for the […]
Tag: Vaca Muerta
TGS To Build Vaca Muerta Gas Pipeline, Conditioning Plant
(Reuters, 3.Apr.2018) — Argentine natural gas company Transportadora de Gas del Sur (TGS) will invest an initial $250 million on gas transportation infrastructure in 2018 and 2019 in the Vaca Muerta shale fields, the company said on Tuesday. TGS said in a filing it would build a 92-kilometer (57-mile) gathering […]
TGS to Invest $250 Mln in Infrastructure to Transport Vaca Muerta Gas Production
(Transportadora de Gas del Sur S.A., 3.Apr.2018) â Transportadora de Gas del Sur S.A. (TGS) executed an agreed minute with the Undersecretary of Energy, Mining and Hydrocarbons of the Province of NeuquĂ©n and Gas y PetrĂłleo del NeuquĂ©n S.A. (GyP), whereby TGS is granted a concession to build and operate […]
Argentina to Develop Tight Shale Oil, Gas
(OGJ, Nick Snow, 27.Mar.2018) â With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by continuing to improve government policies, speakers said during a Mar. 27 discussion at the Inter-American […]
Tecpetrol Opens Gas Treatment Plant in Vaca Muerta
(ARPEL, February 6, 2018) â Tecpetrol, an oil company of the Techint Group and member of ARPEL, opened a gas treatment plant located in the vicinity of Añelo, NeuquĂ©n, with Governor of the Province of NeuquĂ©n Omar GutiĂ©rrez and Minister of Energy and Mines of Argentina Juan J. Aranguren. This […]
Vaca Muerta Megaproject â A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) â Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story âwhich is why we collectively need to put a stop to this if we are serious about restricting […]
YPF And Schlumberger Ink Bandurria Sur JV Deal
(Schlumberger, 12.Apr.2017) â Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ăngel GutiĂ©rrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, NeuquĂ©n. The agreement, signed in YPFÂŽs offices in Buenos Aires involves a USD 390 million phased investment by […]
Tecpetrol to Invest $2.3 Bln in Vaca Muerta
(Reuters, Eliana Raszewski, 23.Mar.2017) â Argentinaâs Tecpetrol, part of the Techint Group, said on Thursday it would invest $2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from […]
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
(Oilprice.com, Charles Kennedy, 15.Sep.2016) â The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. The British oil giantâs CEO Bob Dudley said that land in the Permian has become […]
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) â Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic policies in the ’80s to Washington-consensus liberalisation in the ’90s and back again under the Kirchner regime. Since the current […]
ExxonMobil to Invest $10 Billion In Vaca Muerta
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) â U.S.-based ExxonMobil plans to invest $10 billion over the next 20 years in the Vaca Muerta area in Argentina. The announcement was made by ExxonMobil President Rex Tillerson during a visit the Vaca Muerta area in NeuquĂ©n with Argentine President Mauricio Macri, reported […]
YPF Announces Plans for 20 Areas in RĂo Negro, Chubut
(Energy Analytics Institute, Jared Yamin, 7.May.2016) â YPF plans to divest of as many as 20 areas in Argentina where the company has a partial interest or where the areas do not offer important earnings. YPF has put up on the market 6 areas in RĂo Negro, including some with […]
Chevron, YPF Continue Vaca Muerta Development
(Chevron 10.Apr.2014) â Chevron Corporation confirmed that subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources from the Vaca Muerta formation located in the NeuquĂ©n province in Argentina. “This is a significant step in our subsidiaries’ […]
Non-Conventional Extraction Process Explained [Video]
(Energy Analytics Institute, Ian Silverman, 16.Jan.2014) â Argentinaâs Vaca Muerta formation in the NeuquĂ©n Basin is best known for its shale oil and gas. The process related to the extraction of non-conventional hydrocarbons, or in this case, shale deposits, is explained in this short video in Spanish from YPF. ***