Wednesday, January 22, 2025

PentaNova and YPF Heading to Argentina’s Largest Heavy Oil Fields

PentaNova Energy Corp. (ticker: PNO) signed the final agreement with Argentina’s National Oil Producer YPF to farm in on 11% of the Llancanelo heavy oil field. The agreement takes PentaNova to a 50% working interest partnership in the field. A brief history of the Llancanelo field The Llancanelo area is located to the north of the Neuquen (Neuquina) Basin, in

Natural Gas for Transport Slowly Growing as a Diesel Alternative

Natural gas powers more than 150,000 vehicles in the United States and roughly 15.2 million vehicles worldwide, according to the U.S. Department of Energy. CNG and LNG are considered alternative fuels under the Energy Policy Act of 1992. According to the DOE’s Alternative Fuels Data Center, there are 1,758 existing and planned CNG fueling stations in the U.S. and currently only