Argentina
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
September 25, 2019
United States Ambassador to Argentina Edward Prado welcomed PESA to his residence in Buenos Aires to kick off the creation of the PESA Latin America Regional District, Argentina Chapter on Tuesday, September 24.
News
September 04, 2019
“The LNG terminal will be a machine for bringing in dollars,” said Sebastian Mocorrea, YPF’s executive vice president for corporate affairs. “Nobody in their right mind would meddle with it.”
News
August 21, 2019
The preliminary agreement sets the core terms and conditions for YPF’s transfer of 50% of its share in the CAN 100 offshore block, and will enable both companies to expand their alliance and move forward with the exploration process in the Argentinian offshore.
News
July 26, 2019
YPF announced today that a preliminary agreement was reached with Excelerate Energy for the charter of an LNG carrier, which will export Argentina’s excess LNG to the global natural gas market.
News
July 25, 2019
The Aguada Federal and Bandurria Norte blocks to be jointly developed hold significant unconventional oil and natural gas resources in the prospective Vaca Muerta shale formation.
News
July 19, 2019
McDermott to provide Pre-FEED services to YPF for a five MTPA liquefication facility project at Vaca Muerta LNG in Argentina
News
July 12, 2019
Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play.
News
June 25, 2019
Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta.
News
June 11, 2019
Exxon Mobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block.
News
May 20, 2019
The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium.
News
May 13, 2019
Cubility AS, a leading provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has announced an exclusive partnership with Argentinian solids control specialists Polyar SA to market, sell and support its MudCube solution across Argentina.
