March 08, 2023
Drilling is picking up fast in Vaca Muerta after a series of false dawns over the past decade with top developer, state-run YPF SA, poised to ramp up investments.
February 27, 2023
Workers in the geological formation known as Vaca Muerta are building a 356-mile pipeline that will carry natural gas from remote northern Patagonia to Argentina’s cities and industry centers in the east. The project will help relieve bottlenecks that have stifled oil and gas production the nation desperately needs to bolster its economy.
Using advanced snubbing equipment has enhanced completion and workover efficiencies in developing Vaca Muerta shale resources. The new hydraulic completion units increase performance and enable the operator to push the technical limits of extended lateral well completions.
June 17, 2022
Energía Argentina and Tenaris signed an agreement for the supply of welded pipes for the construction of the Presidente Nestor Kirchner Gas Pipeline (GPNK) in Argentina.
March 28, 2022
Despite having shale-gas deposits to rival those in Appalachia, Argentina's domestic gas production sector has suffered from years of underinvestment that has left it unable to meet domestic demand, never mind the needs of the export market.
February 18, 2022
Tenaris plans to invest $190 million for the construction of a wind farm located in Adolfo Gonzales Chaves, in the province of Buenos Aires, Argentina.
January 12, 2022
Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining.
April 09, 2021
Argentina believes a price ceiling would prevent bull runs in oil markets from triggering a surge in fuel prices, while a price floor would discourage oil companies from pulling out of a marginal asset like Vaca Muerta if markets collapse.
February 19, 2021
YPF is aiming for capital expenditures this year of $2.7 billion, as it tries to halt four years of production declines. After the coronavirus pandemic decimated revenue and the debt swap yielded limited results, getting there will require increasing fuel prices, cutting drilling costs, selling local debt, and maybe divesting assets.
February 03, 2021
Creditors of Argentina’s state-run oil company, YPF SA, are sending mixed signals as one group of bondholders rejected the company’s latest debt restructuring plan while another voiced support.
January 14, 2021
The CAN 100 block comprises an area of 15,000 km² and is the largest block in the North Argentinian Basin.
October 23, 2020
Energy Secretary Dario Martinez said spending on subsidies is still better than the alternative of buying LNG cargoes, despite low current prices. “We’ve done the analysis and we really benefit from doing this,” Martinez told reporters in Buenos Aires Wednesday.
July 23, 2020
Weatherford International has been awarded an exclusive two-year, $15M contract with a major independent operator in Argentina. Weatherford will provide 146 surface pumping units, including the Maximizer II surface pumping unit and the Rotaflex 2.0 long-stroke pumping unit.
May 08, 2020
Energy markets are rarely left to their own devices in Argentina, to the frustration of many in the industry, and past governments have used controls to shield the local energy business from global price swings.
May 07, 2020
The administration of President Alberto Fernandez has circulated a proposal to set $45 as the per-barrel mandate in a bid to keep the domestic drilling business alive and sustain development of the vast Vaca Muerta shale formation during the demand-killing coronavirus pandemic.
April 02, 2020
The Argentine region is often compared with the Permian basin in the U.S., with the promise to push out a million barrels of oil a day and turn around an economy on course for a third straight contraction this year.
January 31, 2020
Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province. The consideration for each partner for their 24.5% interest is USD 177.5 million.
November 11, 2019
Investments had been picking up in Vaca Muerta, a Maryland-sized shale formation in Patagonia that could turn the troubled nation into a global energy provider. But that was before leftist Alberto Fernandez won the presidential election last month.
October 30, 2019
The Malvinas 3D survey will cover approximately 7,300 km² of the highly prospective Malvinas Basin, which saw spirited interest during Argentina Round 1 earlier this year.
October 28, 2019
Some industry observers think Fernandez may provide drillers with a capital-controls loophole, which is what Kirchner did in 2013 to lure Chevron to Vaca Muerta.