Vaca Muerta – Oil & Gas 360

Argentina expects deregulation to boost energy investment to $15 billion in 2025

September 11, 2024

Oil Price Argentina’s market deregulation efforts are expected to raise the energy investments in the country by about $2.5 billion to $15 billion next year, Energy Secretary Eduardo Rodriguez Chirillo said at an industry event. The government of Argentinian President Javier Milei has pushed for new legislation, the so-called Large Investment Incentive Regime – or RIGI, by its Spanish initials – offering

Argentinian union strike to affect oil production in Vaca Muerta shale

June 17, 2024

World Oil (Bloomberg) – An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch. The boycott is set to begin at 8 a.m. local time Tuesday, the workers said in a post on X on Saturday. There has been “no concrete progress” on salary negotiations, the

Argentine shale oil drilling pioneer’s 1,400% rally hinges on presidential reforms to unlock prolific Vaca Muerta field

May 23, 2024

World Oil (Bloomberg) – Miguel Galuccio knows shale. He was a founder of Argentina’s burgeoning boom, leading the first incursions into its heralded oil and gas field known as Vaca Muerta, or dead cow. The shale patch stood idle for nearly a century after its discovery until Galuccio took the reins at state-run YPF SA. But it wasn’t until Galuccio

Nabors, Vista Energy to add third drilling rig in Argentina’s Vaca Muerta shale with electrification potential

May 8, 2024

World Oil (WO) – Vista Energy and Nabors Industries signed a contract to add a third drilling rig to accelerate Vistas assets in Argentina’s Vaca Muerta shale. Nabors will deploy a high-spec rig with “cutting-edge technologies,” according to a press release. It is scheduled to commence operations in the second half of 2024. In support of Vista’s plan to reduce

GeoPark announces exclusive negotiations for unconventional blocks in Vaca Muerta in Argentina

April 12, 2024

Oil and Gas 360 Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the

Brazil exploring ways to import gas from Argentina’s Vaca Muerta play, energy minister says

March 22, 2024

Nasdaq HOUSTON – Brazil is exploring ways to import natural gas from Argentina’s massive Vaca Muerta formation, including the possible reversal of a pipeline now used for transporting Bolivian gas, as it looks to ease its gas deficit, Mines and Energy Minister Alexandre Silveira told Reuters on Thursday. Brazil has become Latin America’s largest crude oil producer, but its gas

Argentina says Chevron to invest $500 mln in Vaca Muerta shale area

June 12, 2023

BOE Report U.S.-based oil major Chevron will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina’s economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new spending plan is scheduled to start before

Analysis: Argentina’s Vaca Muerta shale boom is running out of road

December 27, 2022

Nasdaq ANELO, Argentina – Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build out infrastructure: a major new gas pipeline

Argentina’s June Gas Production Hits Highest Level in 11 Years

July 29, 2019

From Reuters Argentina’s gas production rose to 140 million cubic meters a day in June, the highest level in 11 years, the government said on Saturday. That amount represented growth of 5.8% compared with the same period last year. Argentina’s treasury ministry credited the growth to an increase in production at the Vaca Muerta shale play, which is about the

YPF Partners with Excelerate on LNG Exports

July 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 YPF S.A. reaches preliminary agreement with Excelerate Energy to charter LNG carrier YPF S.A., the state-operated oil company of Argentina, has reached a preliminary agreement with Excelerate Energy, a U.S.-based LNG company, for the charter of a carrier to export LNG produced from YPF’s TANGO floating LNG unit. Both parties will

Wintershall Partners with ConocoPhillips in Argentina’s Vaca Muerta

July 25, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA) with ConocoPhillips (stock ticker: COP) to jointly develop the Aguada Federal and Bandurria Norte blocks in the central Argentine province

Vaca Muerta Basin Gets Green Light from Oil Major - Oil & Gas 360

McDermott Awarded Contract for Vaca Muerta LNG

July 19, 2019

McDermott Awarded Pre-FEED Contract by YPF for Vaca Muerta LNG in Argentina

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