Argentina
News
September 22, 2016
Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The awards have an overall value of $430 million.
News
September 22, 2016
Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy.
News
September 13, 2016
BP Plc would rather invest in Argentina’s shale oil fields than in Texas’ Permian basin, the U.S. drilling hot spot, CEO Bob Dudley said.
News
August 31, 2016
Packers Plus Energy Services helped an operator stimulate a formation with an openhole multi-stage ball-drop system in Argentina's Loma La Lata field 30 times faster compared to a traditional plug-and-perf method.
News
August 17, 2016
Operators in Argentina are focusing on reversing the Neuquén basin's gas production decline by targeting low-permeability, tight gas reservoirs. The shift to tight gas production over the last three years is being driven by pricing incentives and lower costs versus shale gas wells.
News
August 10, 2016
Argentina’s promising Vaca Muerta unconventional energy play could deliver approximately 560,000 bpd of liquids and 6 Bcfgd by 2040, increasingly meeting the country’s growing demands for energy with domestic production and helping reduce its dependence on imports, according to recent analysis from IHS Markit.
News
August 05, 2016
YPF SA, Argentina’s biggest company, plans to divest non-core assets in a bid to focus in projects that pay back quickly.
News
August 01, 2016
MicroSeismic, Inc., has announced plans to install the first permanent BuriedArray for a major operator in Argentina.
News
June 24, 2016
The cost to drill wells at Argentina’s Vaca Muerta, site of the world’s second-biggest shale reserves, has dropped 20% this year, putting Chevron Corp. and its partners closer to meeting spending goals.
News
June 03, 2016
Exxon Mobil Corp. may invest more than $10 billion in Argentina’s Vaca Muerta shale formation in the next decades, Chairman and CEO Rex Tillerson said Thursday.
News
May 04, 2016
Petrobras has agreed to sell assets in Argentina and Chile for about $1.4 billion, as Brazil’s state-controlled oil producer looks to raise cash and focus on deepwater projects in Brazil.
News
February 25, 2016
Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 MMcmgd (70,000 boed).
News
January 14, 2016
Aubrey McClendon, CEO of American Energy Partners, LP (AELP), and Miguel Galuccio, president and CEO of YPF, have signed initial agreements for the exploration and development of the Vaca Muerta formation in Argentina’s Neuquén basin.
News
December 23, 2015
Wintershall and the local state-owned energy company Gas y Petróleo del Neuquén have signed an agreement under which Wintershall will increase its interest in Argentina's Aguada Federal Block from 50% to 90%.
News
November 24, 2015
Production from Latin America's premier shale play, the Vaca Muerta, is expected to double by 2018, according to a new development study by Wood Mackenzie. Argentina's massive play continues to be the most prospective tight oil play outside of North America.
News
September 24, 2015
Argentina’s YPF SA will cut spending by as much as 20% next year if a new administration lowers the domestic oil price nearer to international levels.
News
September 22, 2015
Packers Plus Energy Services has positioned itself to continue expansion into the Latin America region with its newest service and sales centers in Neuquén and Buenos Aires, Argentina, respectively.
News
September 04, 2015
YPF SA Chief Executive Officer Miguel Galuccio and his counterpart at Gazprom PJSC, Alexey Miller, have signed an agreement to develop projects in Argentina.
News
August 25, 2015
Oil at $77? It is in Argentina. Oil has plummeted below $39/bbl in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world.
News
August 05, 2015
YPF SA, Argentina’s state-run oil producer, posted second-quarter earnings that exceeded expectations as it increased output and sold crude at a premium to international prices.
News
April 01, 2015
Petrobras Argentina’s board of directors has approved the sale of all of its assets in the Austral basin, province of Santa Cruz, to Compañia General de Combustibles (CGC) for $101 million.
