Argentina ///

Caution urged for potential investors in Venezuela

Jay Newman, the former hedge fund manager who helped billionaire Paul Singer win a 15-year fight against Argentina, has a word of caution for investors looking to replicate his success amid the chaos unfolding in Venezuela.

President Energy announces significant upgrades to prospective resources in Argentina

President Energy Plc, the upstream oil and gas company is pleased to announce the results of a new integrated basin study and geochemical survey over the exploration assets of the Company centered on its Puesto Guardian Concession, Matorras and Ocultar Licenses, which have resulted in significant upgrades to the Company’s Prospective Resources.

Echo Energy announces farm-in agreement in Argentina

Echo Energy plc, the South and Central American focused upstream gas company, is pleased to announce that it has entered into a binding farm-in agreement with Compañía General de Combustibles S.A. (CGC), a privately-owned subsidiary of the Argentinian conglomerate Corporación América International, for the acquisition by Echo of a 50% interest in each of the Fracción C, Fracción D, Laguna de los Capones and Tapi Aike licences, onshore Argentina.

ExxonMobil’s investment plan approved for Los Toldos I South block in Argentina

ExxonMobil announced today that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.

President Energy announces first sale of oil from Puesto Flores field in Argentina

President Energy, the upstream oil and gas company with assets focused primarily in Argentina, has announced that it has already banked the proceeds from its first delivery of oil from Puesto Flores field.

Back-up cutters prevail in hard and abrasive rock

Seth Anderle, Brad Dunbar, Shilin Chen, Halliburton

A new backup cutter layout extends bit life without sacrificing rate of penetration.

Dover Artificial Lift acquires PCP Oil Tools in Argentina

Dover Artificial Lift has announced its acquisition of PCP Oil Tools in Argentina.

Shaletech: Argentina

Jim Redden, Contributing Editor

Feds, IOCs breathe new life into ‘Dead Cow’

BP, Bridas to combine PAE and Axion Energy, forming new integrated energy company

BP today announced that it has agreed with Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy (PAE) and the refiner and marketer Axion Energy in a cash-free transaction.

YPF CEO resigns as oil company readies asset sales, shale focus

Ricardo Darre, CEO of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas.

Sustained global recovery in land drilling forecast by Westwood Global Energy Group

The recovery in the global land drilling market, led by North America, is being sustained, according to first half figures from Westwood Global Energy Group, energy market research consultancy firm. The drive, both in the U.S. and internationally, for drilling wells with longer laterals and on multi-well pads, is creating demand for high-horsepower, modern rigs that can minimize time between each well.

Statoil, YPF sign onshore exploration agreement for Argentina's Vaca Muerta

Statoil and Argentina’s leading energy company YPF have entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block in the Neuquén basin onshore Argentina.

GeoPark, Wintershall strike oil in Neuquen basin, Argentina

GeoPark Limited and Wintershall Energía S.A., a subsidiary of the BASF group, the fourth-largest gas producer in Argentina with over 15 blocks, have announced the discovery of a new oil field in the CN-V block (GeoPark 50% WI, Wintershall 50% WI) in the Neuquen basin, Mendoza Province of Argentina.

Oil & Gas in the Capitals

Mauro Nogarin, Contributing Editor

Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.

Total, BP unit, YPF announce $1.15-billion investment in Argentina's Vaca Muerta

Argentina's state-run oil firm YPF SA, France's Total SA, Wintershall Energía SA and BP unit Pan American Energy LLC announced a $1.15-billion joint investment on Tuesday to increase shale gas production.

President Energy provides update on Argentina work-over program

President Energy, the upstream oil and gas company provides an update on its work-over program at its Puesto Guardian Concession, Argentina.

Petrobras starts production on platform P-66 in Santos Basin's pre-salt Lula Field

Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.

Wintershall starts first pilot well in Argentina’s Bandurria Norte field

Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, which is located in the western Argentinean province of Neuquén.

Regional Report: Latin America

Emily Querubin, World Oil

Latin America schleps forward on its quest for recovery

Production from Argentina's Vaca Muerta to reach 113,000 boed by 2018, Wood Mackenzie says

Production from the seven most advanced developments in the Vaca Muerta play (covering only 8% of play acreage), is expected to increase by 43% in 2017 to 77,000 boed, and to double 2016 levels by 2018 to 113,000 boed, according to the new Vaca Muerta Development Study by Wood Mackenzie.