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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. After a welcome and overview of the oil and gas industry dynamics in Argentina by Ambassador Prado, PESA President Leslie Beyer introduced... Continue Reading →
Halliburton Company (NYSE: HAL) celebrates its 100th anniversary this year, including more than 60 years of service in Argentina. Since its operations began in the country in 1956, Halliburton Argentina has led local oil and gas industry development by introducing new techniques and technology to the region. This monumental milestone is a testament to the... Continue Reading →
Argentina’s state-run oil company, YPF SA, is pushing ahead with plans to build a $5 billion natural gas export terminal despite the political and financial chaos racking the nation. The driller, which has led development of the nation’s Vaca Muerta shale trove, is in talks with potential international and domestic partners over designs for a... Continue Reading →
Norwegian oil company Equinor has entered an offshore exploration partnership with Argentina’s YPF for work in the CAN 100 block. Equinor and YPF representatives have signed a preliminary agreement setting core terms and conditions for YPF’s transfer of 50% of its share in the CAN 100 offshore block to Equinor. Tim Dodson, Equinor’s executive vice... Continue Reading →
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. Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September. "We... Continue Reading →
McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a five million tons per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina. The scope of work is a continuation of a previous... Continue Reading →
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. Production from Vaca Muerta surpassed 1.0 Bcfd in December 2018. As production has grown, Argentina has resumed exporting natural gas by pipeline to neighboring Chile... Continue Reading →
Rio de Janeiro, July 11, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 05/06/2019, announces the beginning of the non-binding phase related to the sale of its 34% stake in Compañia MEGA SA ("MEGA"), in Argentina, through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). Interested parties qualified for... Continue Reading →
The CMA-1 Consortium, operated by French oil major Total, has achieved record production in Tierra del Fuego with a volume of 22.8 million cubic meters/day from the offshore fields located north of the Province of Tierra del Fuego. The CMA-1 Consortium is composed of Total Austral (operator with a 37.5% interest), Wintershall Dea (37.5%), and... Continue Reading →
YPF SA, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The driller issued $500 million of 10-year, dollar-denominated notes to yield 8.75%, according to people familiar with the offer, who asked not to be identified because... Continue Reading →
Brazil Energy Insight 