Drill, baby, drill in Argentina's Vaca Muerta shale lands!
Argentina's new, market-friendly government, and concerns about oil supplies from the Middle East, and elsewhere, are driving a boom in drilling and production in the Patagonian South, which is home to the giant Vaca Muerta shale, Spanish for "Dead Cow".
Official: Argentina's energy subsidy cuts as government tackles fiscal deficit
Energy Secretary Eduardo Rodriguez Chirillo announced on Thursday that Argentina had reduced its energy subsides by $2.7 billion in the first seven month of the year, as part the government's aim to reduce its fiscal deficit.
Pampa Energia, Argentina raises over $400 mln for Vaca Muerta campaign
Pampa Energia, a natural gas producer in Argentina, announced a $410 million debt issuance on Friday. This demonstrates investor confidence as the company expands its operations in the Vaca Muerta shale in the country.
Equinor,YPF Pact on Argentina Wind Power
Norwegian multinational energy company Equinor ASA and Argentine power producer YPF Luz have joined for the development of the Cañadón León wind farm in Santa Cruz in Argentina.As per agreement, a subsidiary of Equinor will subscribe to shares in Luz del León.
McDermott Wins Pre-FEED Gig by YPF
American multinational engineering company McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a five million tons per annum (MTPA) LNG Liquefaction Facility…
$800mln Gas Pipeline Proposed as Argentina Preps for Shale Boom
Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina's Vaca Muerta shale fields, a company source said, aiming to address a key barrier to increasing production.
Statoil to Explore for Shale Oil, Gas in Argentina
Norway's Statoil has signed a deal with Argentina's leading energy company YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation, the company said on Friday. Statoil and YPF will…
Tariff Fight Roils Argentina’s Shale Patch
Argentina needs oil rigs to develop its vast shale oil and gas resources. The United States has plenty of idle equipment laying around after its own unconventional drilling boom cooled. But moving that machinery from…
YPF Says Technology Lowering Its Shale Costs
Longer horizontal wells and technology improvements will help Argentine state-run oil company YPF SA lower costs at its most productive shale field, but better infrastructure is still needed in the remote Vaca Muerta play, an executive said.
Argentina Clinches Labor/subsidy Deal to Attract Energy Investment
Argentina has clinched a deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta shale formation in Patagonia, one of the largest unconventional reserves in the world, the government said on Tuesday.
Argentina: Local Production Subsidies to Continue
Argentina will maintain subsidies to the country's oil producers next year, energy Minister Juan Jose Aranguren told reporters on Tuesday, ending speculation that the ministry was set to remove subsidies paid for by consumers at the gas pump.
Argentine O&G Workers to Strike Over YPF Layoffs
Some 23,000 Argentine oil and gas workers will go on a 48-hour strike beginning on Monday to protest state-owned oil company YPF SA's decision to lay off at least 1,600 workers, a union leader said on Friday. The…
Oil, Gas Workers in 4 Argentine Provinces Continue Wage Strike
Oil and natural gas workers in four Argentine provinces continued a wage strike on Tuesday, threatening more work stoppages ahead if negotiations with the government did not yield a deal on salaries and job security.
Exxon May Invest $10 Bln in Vaca Muerta Shale Region
Exxon Mobil Corp could invest more than $10 billion in shale projects over 20 to 30 years in Argentina's Vaca Muerta region, the government said on Friday. The project, currently a pilot program being developed with…
Sale of Petrobras Argentina
Petrobras has completed negotiations with Pampa Energía on the main terms and conditions of the sale of its stake in Petrobras Argentina (PESA), owned by Petrobras Participaciones S.L. ("PPSL"). Pampa Energía, a public traded company…
YPF Says Starts Normalizing Shale Oil Production
Argentina's state-run energy firm YPF said it started normalizing oil and natural gas production in part of energy-producing province Neuquen on Friday after output was paralyzed earlier in the week by indigenous people protesting land rights.
Argentine Shale Fields to Get New Investment
Argentina's state oil company YPF, Pan American Energy and Wintershall will invest $38 billion in the country's vast but mostly untapped Vaca Muerta shale formation, the governor of Vaca Muerta's home province of Neuquen said on Wednesday.
Oil Prices Severely Impact Latin America
Latin America's oil producers have become caught in the crossfire between OPEC and the North American shale drillers. The number of onshore rigs drilling for oil and gas in the region fell to just 272 in January, from 339 in July 2014…
Vaca Muerta Shale Output Rising
Combined shale oil and natural gas output from Argentina's vast Vaca Muerta formation was about 33,000 barrels of oil equivalent per day (boepd) at the end of September, with a trend toward growth, data from the formation's…
Exxon Mobil Strikes More Shale O&G in Argentine Region
Exxon Mobil has struck nonconventional oil and gas at a second well in Argentina's Neuquen province, the company said on Thursday, referring to a region that sits atop Vaca Muerta, one of the world's largest shale resources.
