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(oilprice.com) Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very... Continue Reading →
(Reuters) - The U.S. government sided with Argentina's effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a filing late Thursday night, the government told the 2nd U.S. Circuit Court... Continue Reading →
(oilprice.com) At the recent gathering of BRICS nations in Brazil, the members’ joint statement contained an interesting assertion. BRICS leaders said that, while recognizing the need for an energy transition, they “acknowledge fossil fuels will still play an important role in the world’s energy mix, particularly for emerging markets and developing economies.” Luckily for BRICS members, they... Continue Reading →
(Reuters) - Argentina's VMOS signed a $2 billion loan to finance construction of the Vaca Muerta South pipeline project, the company said in a statement on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina to cut costly imports and bolster its economy. VMOS S.A., a partnership formed by state-run oil company... Continue Reading →
(Reuters) - A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment, handing a defeat to the cash-strapped country. U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to BNY Mellon,... Continue Reading →
(Reuters) - Argentina on Monday urged London's High Court to pause enforcement of a $16 billion-plus United States court judgment over the expropriation of oil and gas company YPF, pending an appeal by the Argentinian government in the U.S. The South American republic was ordered in 2023 to pay minority shareholders around $16 billion resulting from its... Continue Reading →
(Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina... Continue Reading →
Eni and Argentina's energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project. The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production, treatment, transportation and liquefaction installations of gas through floating units, for a total capacity of 12 million... Continue Reading →
China began implementing a trial policy that unilaterally grants visa-free entry to citizens of Brazil, Argentina, Chile, Peru and Uruguay. It is the first time that China has extended such access to nations in Latin America and the Caribbean. Under the policy, which will remain in effect through May 31, 2026, holders of ordinary passports... Continue Reading →
(PN) Petrobras' Director of Exploration and Production, Sylvia dos Anjos, detailed the company's next steps in Brazil and abroad during a press conference. One of the company's focuses continues to be the Aram area, in the pre-salt layer of the Santos Basin, where two new drillings are planned, following the second discovery of oil in... Continue Reading →
