(World Oil) – President Javier Milei’s marquee program for luring investment into Argentina is poised to attract a new round of applications from crude producers after his administration broadened it to include shale oil wells. YPF SA, Vista Energy SAB, and Pampa Energia SA said on recent earnings calls that they were all eyeing the program. Known by its Spanish acronym
(World Oil) – YPF, Eni and XRG have signed a binding joint development agreement (JDA) to advance the proposed Argentina LNG project, marking a key step toward a final investment decision and positioning the country to become a major global liquefied natural gas exporter. The large-scale integrated gas and liquefaction development is designed to monetize resources from Argentina’s Vaca Muerta shale and support long-term LNG exports. The project is expected
(World Oil) – Continental Resources has signed an asset sale and purchase agreement with Pan American Energy to acquire non-operated interests in four blocks within Argentina’s Vaca Muerta shale play, further strengthening its footprint in one of the world’s most prolific unconventional basins. The assets are located in the Neuquén basin and will remain operated by Pan American Energy. Financial terms of the transaction
(Investing) – BUENOS AIRES -A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its
(World Oil) – (Bloomberg) – Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The companies, through the Oldelval SA joint venture, are in talks to increase oil-shipping capacity from Puesto Hernandez, a promising drilling zone more than 100 kilometers (62 miles) distance from the
(Oil Price) – Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse Colombia as the third-largest oil producer in South America. It’s time for a new shale boom. Crude oil
(World Oil) – (Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America. Drilling activity is accelerating in Argentina’s Vaca Muerta shale region, thanks in large part to policies by the business-friendly government of President Javier Milei. Shale oil now accounts for about
Oil Price Argentina’s market deregulation efforts are expected to raise the energy investments in the country by about $2.5 billion to $15 billion next year, Energy Secretary Eduardo Rodriguez Chirillo said at an industry event. The government of Argentinian President Javier Milei has pushed for new legislation, the so-called Large Investment Incentive Regime – or RIGI, by its Spanish initials – offering
World Oil (Bloomberg) – An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch. The boycott is set to begin at 8 a.m. local time Tuesday, the workers said in a post on X on Saturday. There has been “no concrete progress” on salary negotiations, the
World Oil (Bloomberg) – Miguel Galuccio knows shale. He was a founder of Argentina’s burgeoning boom, leading the first incursions into its heralded oil and gas field known as Vaca Muerta, or dead cow. The shale patch stood idle for nearly a century after its discovery until Galuccio took the reins at state-run YPF SA. But it wasn’t until Galuccio
World Oil (WO) – Vista Energy and Nabors Industries signed a contract to add a third drilling rig to accelerate Vistas assets in Argentina’s Vaca Muerta shale. Nabors will deploy a high-spec rig with “cutting-edge technologies,” according to a press release. It is scheduled to commence operations in the second half of 2024. In support of Vista’s plan to reduce
Oil and Gas 360 Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company 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
