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(OGJ) Equinor ASA began seismic exploration this week in the southern Argentine Sea, off the coast of the Patagonian province of Tierra del Fuego in the Austral and Malvinas basins. The operator will work in Austral basin blocks 105 and 106 (AUS 105 and 106) and Malvinas West basin block 121 (MLO 121). Equinor will... Continue Reading →
(Reuters) - U.S. energy giant ExxonMobil Corp (XOM.N), opens new tab is weighing offers for its oil and gas assets in Argentina's Vaca Muerta shale region, a source familiar with the plan said on Friday, adding there was no time frame for a decision and the sale may not move forward. Bloomberg earlier on Friday reported that... Continue Reading →
(OGJ) Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina. The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled... Continue Reading →
(OE) Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina. The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth. Given the size of the project, the logistics and the installation of the 4,800-ton platform were... Continue Reading →
(Argus) Brazilian and Guyanese medium sweet grades have replaced Russian Urals in Europe and are unlikely to face competition from other crude producing Latin American countries, according to Gustavo Hooper, head of trading and shipping at Brazilian independent Prio. "After the changes with the Russia and Ukrainian war, China lost a bit of the market... Continue Reading →
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
(WO) – Molecular Energies confirmed that the Tapir x-1 exploration well at the Pirity Concession in the Chaco, Paraguay, has been spudded. Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from... Continue Reading →
(OE) Italian engineering firm Rosetti Marino has completed the construction of jacket and topside for the Fenix wellhead platform, which are now en route to Tierra del Fuego in southern Argentina. Rosetti Marino built Fenix platform’s topside and jacket for TotalEnergies’ Fenix gas development project as part of an engineering, procurement and construction (EPC) contract... Continue Reading →
Industry continues chasing big oil, key gas targets also on the radar (OE) Global exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda, whilst the strong appetite for oil exploration... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... Continue Reading →
Brazil Energy Insight 