By Tyler Losier, Energy Reporter, Oil & Gas 360 Vaca Muerta production growth leads to LNG exports In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta shale and tight gas play, located in the Neuquén Basin. Currently, production from the Vaca Muerta accounts for 23% of
From Bloomberg Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as the Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago — that the Vaca
ExxonMobil to proceed with long-term development, two-phase attack in South American shale play Tuesday morning, ExxonMobil (stock ticker: XOM) announced its plans to proceed with the long-term development of its assets in the Vaca Muerta basin in Argentina’s Bajo del Choique-La Invernada block. The project is to include 90 wells, a central production facility, and export infrastructure connected to the
Gas sourced from Vaca Muerta From Bloomberg Singapore/Gulf Times Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to
From Bloomberg Vista Oil & Gas is breathing a new kind of life into Vaca Muerta, the vast shale play under development in Argentina. Eight years ago, the region was untapped. Then YPF SA, the state-run driller, broke ground, offering the first peek at the basin’s potential. Now, Vista, an independent driller led by former YPF CEO Miguel Galuccio, is planning the
Failure to achieve energy plan likely From IEEFA The Argentine government’s plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan requires the Argentine government to subsidize most of the development costs initially. But the Argentine government is in fiscal distress and has recently made it
Shell Argentina invests to increase shale output after selling downstream assets
From Reuters BUENOS AIRES (Reuters) – Argentina relaunched a one-year-old agreement between the government, companies and workers on Tuesday to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement. Argentina’s President Mauricio Macri walks during his visit to the Loma Campana Vaca Muerta shale oil and gas drilling site, owned by Argentina’s
Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming
EcoStim Energy Solutions CEO, Chris Boswell, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. EcoStim is a well stimulation and completion services company that works exclusively in Argentina serving shale drillers. EcoStim has a proprietary technology that helps drillers target the “sweet spots” within each frac stage in the Vaca Muerta shale play.
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