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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 →
Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago -- that the Vaca Muerta, or dead cow, contains massive amounts of oil and gas -- the rush... Continue Reading →
Searcher Seismic has expanded the Argentina Super-Tie 2D Reprocessing Project to include all available 2D seismic data in the Malvinas and Austral Basins. This follows from the success of Phase 1 which specifically targeted the recent offshore bid round. The reprocessing effort will utilize a modern broadband and AVO compliant workflow to both improve imaging... Continue Reading →
The Argentinian authorities have officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. Eni said on Monday that the award is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on April 16, 2019. A total of 38 blocks were on... Continue Reading →
Brazil Energy Insight 