YPF Selects Emerson Technology as Its Corporate Seismic Interpretation Application

Emerson (NYSE: EMR) announced it has signed a multi-year agreement with YPF S.A., a major Argentinian energy company, for Emerson’s exploration and production (E&P) software for seismic data interpretation and visualization. This comprehensive software portfolio gives YPF a holistic subsurface view of its reservoirs and exploration areas, leading to a collaborative and integrated seismic interpretation... Continue Reading →

April 17, 2020 0

Oil crash kills Vaca Muerta’s potential as the next shale hotspot

Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca Muerta shale region, based on $60-a-barrel crude. With global prices starting the year above $68, it wasn’t unrealistic. Now, all bets are off. Continue reading

April 3, 2020 0

Searcher Finalizes 2D Data Reprocessing in Argentina

Searcher has completed the reprocessing of an additional 8,008 kilometers of 2D seismic data offshore Argentina as part of the Argentina Super-Tie 2D Reprocessing Project. The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area, comprising over 19,000 kilometers of high quality broadband reprocessed 2D seismic data. Continue... Continue Reading →

April 2, 2020 0

Latin American oil producers sweat to cover costs amid crisis

Mar 24, 2020 A price war between global oil giants is leaving many producers in Latin America struggling to cover production costs, increasing the chances of investment cuts and delays in the coming months. Global oil price benchmarks are experiencing their sharpest declines in decades, in a perfect storm, with declining demand in the face... Continue Reading →

March 25, 2020 0

Argentina’s energy bust spawns ‘ghost town’ in prized Vaca Muerta

Just weeks into his young administration, Argentina’s new president convened a meeting with executives from Chevron Corp (CVX.N), Royal Dutch Shell PLC (RDSa.L) and other oil companies in a bid to smooth things over with an industry which he had slammed as a candidate months before. Campaigning last year against the South American country’s former... Continue Reading →

February 19, 2020 0

Equinor and Shell partner on Vaca Muerta acreage buy

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. The block covers around 56,000 gross acres in the central area of the prolific Vaca... Continue Reading →

February 3, 2020 0

Grupo R gets Hokchi drilling contract off Mexico

Mexico’s energy services provider Grupo R has signed an offshore drilling and logistics contract with compatriot Hokchi Energy, a subsidiary of Argentinean firm Pan American Energy. Grupo R said on Thursday that it would be using the Cantarell III jack-up rig to drill wells during the Hokchi field development campaign off the coast of the... Continue Reading →

January 30, 2020 0

Raízen negotiates consortium with GIP fund for Petrobras refineries, sources say

Jan 16, 2020 Global Infrastructure Partners (GIP) fund manager plans to submit a joint offer with Raízen for refineries for sale by Petrobras, two people with knowledge of the matter said. Raízen, a joint venture between Royal Dutch Shell PLC and ethanol producer Cosan SA, made non-binding offers for the largest refineries for sale by... Continue Reading →

January 17, 2020 0

Equinor increases its ownership in Scatec Solar

The purchase price per share is NOK 116 which compares to the closing price on 19 December of NOK 110.5 and to Scatec Solar’s equity issuance price on 24 September of NOK 116. Following the transaction Equinor owns a total of 18,965,400 shares of Scatec Solar, raising its total shareholding to 15.2 percent of the... Continue Reading →

December 20, 2019 0

TGS expands Argentina survey and adds second Shearwater vessel

Multi-client geoscience data provider TGS has decided to expand the Malvinas 3D multi-client seismic program offshore Argentina. The survey will now employ two Shearwater-owned vessels instead of only one. Back in September 2019, Shearwater was awarded a large survey in South America. At the time, the name of the client was left unknown. The company said... Continue Reading →

November 20, 2019 0

Blog at WordPress.com.

Up ↑

Category: Argentina