Argentina Archives - Page 4 of 6

Argentina’s Vaca Muerta tight oil deposit is now producing at record levels, matching US well scores

February 4, 2021

Rystad Energy February 3, 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 rebounded to pre-pandemic levels but also reached a record high of 124,000 barrels per day (bpd) in December 2020, a Rystad Energy report reveals. The ascent can continue

Big Oil seeks refuge in Brazil from Latam regional turmoil

October 28, 2019

Source: Reuters RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks a dramatic change from only a year ago. In early October 2018, Brazil’s current president, Jair Bolsonaro, was in

Argentina’s June Gas Production Hits Highest Level in 11 Years

July 29, 2019

From Reuters Argentina’s gas production rose to 140 million cubic meters a day in June, the highest level in 11 years, the government said on Saturday. That amount represented growth of 5.8% compared with the same period last year. Argentina’s treasury ministry credited the growth to an increase in production at the Vaca Muerta shale play, which is about the

YPF Partners with Excelerate on LNG Exports

July 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 YPF S.A. reaches preliminary agreement with Excelerate Energy to charter LNG carrier YPF S.A., the state-operated oil company of Argentina, has reached a preliminary agreement with Excelerate Energy, a U.S.-based LNG company, for the charter of a carrier to export LNG produced from YPF’s TANGO floating LNG unit. Both parties will

Wintershall Partners with ConocoPhillips in Argentina’s Vaca Muerta

July 25, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA) with ConocoPhillips (stock ticker: COP) to jointly develop the Aguada Federal and Bandurria Norte blocks in the central Argentine province

Seasonal Demand Patterns Give Argentinian LNG a Unique Opportunity

July 12, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vaca Muerta production growth leads to LNG exports In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta shale and tight gas play, located in the Neuquén Basin. Currently, production from the Vaca Muerta accounts for 23% of

The Dead Cow Finally Produces Oil, a Century After Its Discovery

June 25, 2019

From Bloomberg Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as the Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago — that the Vaca

Vaca Muerta Basin Gets Green Light from Oil Major

June 11, 2019

ExxonMobil to proceed with long-term development, two-phase attack in South American shale play Tuesday morning, ExxonMobil (stock ticker: XOM) announced its plans to proceed with the long-term development of its assets in the Vaca Muerta basin in Argentina’s Bajo del Choique-La Invernada block. The project is to include 90 wells, a central production facility, and export infrastructure connected to the

Eni Wins Bid for Exploration Off Argentinean Coast

May 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Italian supermajor will have 80% stake Argentinian authorities awarded an Eni-led consortium the exploration license for block MLO 124, located approximately 100 kilometers off the coast of Tierra del Fuego in the Malvinas Basin. Block MLO 124 encompasses an area of 4,418 square kilometers, in water with depths ranging from

Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. Oil & Gas 360

Argentina’s YPF Seeks to Sell First LNG Cargo

May 20, 2019

Gas sourced from Vaca Muerta From Bloomberg Singapore/Gulf Times Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to

Vista Oil & Gas Is Opening the Spigots on Argentina’s Vast Shale Play

February 28, 2019

From Bloomberg Vista Oil & Gas is breathing a new kind of life into Vaca Muerta, the vast shale play under development in Argentina. Eight years ago, the region was untapped. Then YPF SA, the state-run driller, broke ground, offering the first peek at the basin’s potential. Now, Vista, an independent driller led by former YPF CEO Miguel Galuccio, is planning the

Government of Argentina Can’t Afford to Pay Vaca Muerta Oil, Gas Development Subsidies to Producers

February 8, 2019

Failure to achieve energy plan likely From IEEFA The Argentine government’s plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan requires the Argentine government to subsidize most of the development costs initially. But the Argentine government is in fiscal distress and has recently made it

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