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Gazprom and YPF will sign agreement to develop Argentina shale oil and gas deposits

Wednesday, April 22nd 2015 - 05:55 UTC
Full article 47 comments

Argentine energy company YPF CEO Miguel Galuccio is scheduled to sign on Wednesday in Moscow a contract on joint exploitation of shale oil and gas in the rich Vaca Muerta fields of Patagonian province Neuquén. The contract is part of the bilateral agenda to be addressed by visiting Argentine president Cristina Fernandez on Thursday, when she meets with Vladimir Putin. Read full article

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  • LEPRecon

    Assuming this goes ahead and isn't another propaganda statement (all air and no substance) from the Argentines, I wonder just what Cristina had to give Putin in order for Gazprom to risk drilling in Argentina.

    Probably most of the gas and oil, a bit of land, and all of Argentina's food.

    It really doesn't look good for Argentina now though.

    Apr 22nd, 2015 - 06:28 am - Link - Report abuse 0
  • Stevie

    I'm more worried about the fracking.

    You are just a charlatan. According to you, deal or no deal, you will always “buscarle el pelo al huevo”.

    By western standards, this is a great deal.

    Apr 22nd, 2015 - 06:39 am - Link - Report abuse 0
  • Troy Tempest

    @2 SUPA TUPA

    So, you're saying, by Easter standards, this NOT a good deal??

    Fracking Stevie - do you know Russia's industrial record for respecting the environment??

    Look out for many Dead Cow gas projects...

    http://bellona.org/news/nuclear-issues/radioactive-waste-and-spent-nuclear-fuel/2014-08-industrial-pollution-public-enemy-number-one-russian-environmentalists-tell-bellona-conference

    http://bellona.org/news/nuclear-issues/radioactive-waste-and-spent-nuclear-fuel/2014-08-industrial-pollution-public-enemy-number-one-russian-environmentalists-tell-bellona-conference

    http://bellona.org/news/nuclear-issues/radioactive-waste-and-spent-nuclear-fuel/2014-08-industrial-pollution-public-enemy-number-one-russian-environmentalists-tell-bellona-conference

    http://bellona.org/news/nuclear-issues/radioactive-waste-and-spent-nuclear-fuel/2014-08-industrial-pollution-public-enemy-number-one-russian-environmentalists-tell-bellona-conference

    http://bellona.org/news/nuclear-issues/radioactive-waste-and-spent-nuclear-fuel/2014-08-industrial-pollution-public-enemy-number-one-russian-environmentalists-tell-bellona-conference

    Apr 22nd, 2015 - 07:17 am - Link - Report abuse 0
  • Stevie

    By environmental standards, fracking is like a drug addict glancing at his balls for the last vein...

    Apr 22nd, 2015 - 07:45 am - Link - Report abuse 0
  • Troy Tempest

    4 SUPA TUPA

    Very 'telling' that you would choose that metaphor, but then - you would know.

    :-)

    Apr 22nd, 2015 - 08:04 am - Link - Report abuse 0
  • Stevie

    You'll understand when your nose starts to bleed or when your tap water spits flames...

    Apr 22nd, 2015 - 08:22 am - Link - Report abuse 0
  • yankeeboy

    This will amount to nothing,
    No company makes investments to lose money
    and until oil gets over 80/bbl nothing is going to be happening in VM
    and we probably won't see $80/bl again for a very very long time
    I bet we see $30 before we see 80.

    Apr 22nd, 2015 - 12:04 pm - Link - Report abuse 0
  • paulcedron

    “Gazprom and YPF will sign agreement to develop Argentina shale oil and gas deposits”

    so the 2nd biggest oil company on earth is interested in vaca muerta... amongst many, many others, all of them between the top 25.
    not a surprise.

    now lets compare with what a tiny little oil company have to say about those cesspits in the islets:

    “Premier drastically cuts spending; Falklands projects included in 2015 agenda”
    ”Premier Oil also said it was reducing investments to develop fields by 40% to around 600 million.

    as i wisely said, the islets must stick to the production of guano.
    clearly, oil industry is not for them.

    Apr 22nd, 2015 - 12:18 pm - Link - Report abuse 0
  • Briton

    Looks like a Fracking mess to me.

    Apr 22nd, 2015 - 12:19 pm - Link - Report abuse 0
  • Conqueror

    Looks like an excellent deal to me. Half of argieland will belong to China. The other half will belong to Russia. The argie 'peasants' (98% of the population) will enter serfdom in the rice paddy fields and the opium fields, the mines and so on. This is good for the West as we can bomb and missile somewhere secure in the knowledge that we'll be destroying Chinese, Russians and some brain-dead slaves.

    Apr 22nd, 2015 - 12:39 pm - Link - Report abuse 0
  • yankeeboy

    8. The difference is in other countries when agreements are sign something actually happens. Just like The Falklands being explored and oil extracted.
    In Argentina agreements are sign and nothing happens.
    It's just a fake presser
    How do you not understand this yet?

    See my post above, nobody goes into business to lose money and you'll probably be retired or dead before anything of substance happens in VM.

    Apr 22nd, 2015 - 12:42 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    @7

    I told you so, that's three times in three days:

    http://www.foxnews.com/us/2015/04/22/study-links-natural-gas-drilling-in-texas-to-swarm-quakes/

    So all over the Central USA, you have now made the land more unstable, and prone to damaging people's property, PLUS as I proved earlier this year poisoning the entire water supply.

    For what?

    For a couple of years of high oil prices... which are now over.

    Now you'll be left with hundreds of useless, unprofitable wells; left with 20 dollar oil, left with earthquakes, and a completely poisoned water and useless breadbasket (plus California a desert).

    NorthAmoans aren't too smart.

    http://www.foxnews.com/us/2015/04/22/study-links-natural-gas-drilling-in-texas-to-swarm-quakes/

    Burn baby burn

    Apr 22nd, 2015 - 12:42 pm - Link - Report abuse 0
  • JohnN

    Russian-Argentine cooperation for fracking appears highly political and the implications that the Kremlin is exploiting environmental fears over fracking - while encouraging fracking where it is advantageous to Russian interests - should be a concern.
    - “Why Putin Hates Fracking - Russia's president is really worried about what it will do to the environment. OK, not really.”: http://www.thedailybeast.com/articles/2014/02/26/why-putin-hates-fracking.html
    - “Russian Money Suspected Behind Fracking Protests”: http://www.thedailybeast.com/articles/2014/02/26/why-putin-hates-fracking.html

    Apr 22nd, 2015 - 01:29 pm - Link - Report abuse 0
  • yankeeboy

    12. Bahahahah Toby that link is an advertisement for a “financial news letter”.

    OMG you are so stupid.

    BTW there's not one documented case of water poisoning from fracking. Not one.
    Ad these tiny earthquakes ( I guess they fit the definition) I'd call them tremors are nothing to be concerned about. In the end it will all amount to nothing.

    If I were you I'd be more worried about being raped in an Rg taxi. Seems to be happening a lot lately.
    Or getting killed by a drug shoot out.
    More and more BA is becoming Caracas.
    Just like I said it would.
    :)

    Apr 22nd, 2015 - 01:43 pm - Link - Report abuse 0
  • Stevie

    There are many documented cases of waste water contamining grobund water, yanqui. As there are many documented cases of “fire Taps”, where methan gas accidentally migrated into grund water Reserves, resulting in methan gas in the water pipes.

    Apr 22nd, 2015 - 01:55 pm - Link - Report abuse 0
  • Captain Poppy

    Argentina ranks as the 169th freest economy in the world compared the the USA at 12th and their buddies Russia at 143. I guess it takes a certain fish to swim in that cesspool.

    http://www.heritage.org/index/country/argentina#limited-government

    http://www.heritage.org/index/country/argentina#limited-government

    http://www.heritage.org/index/country/argentina#limited-government

    What is it been.....3 years now that Argentina stole the oil company and they are still pandering BJ's to get oil drillers to drill for them. Can an RG troll tell me why YPF cannot drill themselves.....tobi have you an answer to that?

    “While the rest of Latin America booms, Argentina is set to pay the price of economic mismanagement for years to come.”

    “many Chevrons’ are needed with transparent contracts.”

    http://www.heritage.org/index/country/argentina#limited-government

    Oh no.......not ANOTHER MOU:

    “Argentine state oil company YPF is close to signing a memorandum of understanding”

    http://www.heritage.org/index/country/argentina#limited-government

    “two Buenos Aires-based sources who asked not to be named and provided no details of the planned deal.”

    Buena suerta trolls......good thing you guys and dolls do not have to live there.

    Apr 22nd, 2015 - 02:02 pm - Link - Report abuse 0
  • yankeeboy

    15. Except that's a lie that has been debunked many times.
    http://reason.com/archives/2013/07/05/the-top-5-lies-about-fracking

    Stevie, you're a blockhead.

    Apr 22nd, 2015 - 02:16 pm - Link - Report abuse 0
  • Simon68

    Where and when have Gazprom International got their experience in unconventional gas and oil fields? All their drilling has been carried out in conventional fields!!!

    Let us all remember that unlike the North American, Chinese, and European shale fields the oil and gas are 10 times deeper. This means something in the region of 15 times as expensive to drill. The drilling costs in Vaca Muerta are probably higher than in the Sea Lion licences!!!!!!!!

    Apr 22nd, 2015 - 02:40 pm - Link - Report abuse 0
  • Troy Tempest

    15 Stevie

    “There are many documented cases of waste water contamining grobund water, yanqui. As there are many documented cases of “fire Taps”, where methan gas accidentally migrated into grund water Reserves, resulting in methan gas in the water pipes”

    Of that is the basis for your argument- please show links to those cases, so we can assess the validity and the sources of your info.

    When you said,

    “I would be more worried about fracking”

    I naturally assumed you meant fracking in Argentina's VM.

    I guess it doesn't matter when it's not in the US, right??

    Are ALL your sources and ideas from the editorials of RT news??

    Apr 22nd, 2015 - 03:38 pm - Link - Report abuse 0
  • chronic

    Frac'ing is VERY bad! Not only is it harmful to the environment but it is very dangerous to perform and potentially injurious to area inhabitants. Toxic chemicals are used. And most sinister is that it actually reduces the life and total output of a well. Many otherwise valuable reservoirs have been severely damaged by the practice. Its proliferation is a Schlumberger plot in concert with a cabal of world financiers. The IMF is suppressing research that indicates a strong link between the high volume water injection required to produce shale gas and the otherwise inexplicable sudden rise in the incidence of near earthquake clusters. Putting any water into the ground is bad. Solar and wind are our only hope.

    Apr 22nd, 2015 - 04:20 pm - Link - Report abuse 0
  • Troy Tempest

    20 Chronic

    I am far from wanting to minimise concern over Fracking.

    I remember them doing it on a small scale where I was working in the industry.

    One has to wonder if increased earthquakes are due to Fracking in the region, or if regions that harbour oil/ gas deposits are more prone to quakes naturally?

    I don't pretend to know.

    I am curious as to where Stevie gets his information, and whether it is ideologically/politically weighted.

    He seems to be sowing fears of Fracking in the U.S. or Western regional oil reserves, but is ignoring those same concerns when it involves Russian, Chinese, or Argentine extraction of oil/gas.

    Fracking may well warrant serious concern, but I doubt that is Stevie's motivation for raising the point.

    Apr 22nd, 2015 - 05:25 pm - Link - Report abuse 0
  • chronic

    LOL. Just winding the rotting roadkillians!

    Frac'ing is conducted on much too small a scale to produce any measureably seismic activity. The waste water disposal however is another matter. We need to open up more disposal wells and reduce the concentration of injection over limited areas. As you are well aware - there would be very little production without acidizing/frac'ing/well stimulations. The morons aren't aware of the conductor pipe/surface casing/intermediate strings/long strings/centralizers/scratchers/ cementing shoes/power tong torquing/production tubing/bottom hole packers/cement jobs/hydraulic tests/bond logs that prevent and confirm the elemination of communication of formation fluids with surface formations. Next.

    Apr 22nd, 2015 - 05:39 pm - Link - Report abuse 0
  • paulcedron

    chronic asshole
    “Frac'ing is VERY bad! Not only is it harmful to the environment but it is very dangerous to perform and potentially injurious to area inhabitants”

    and THIS seems to be very, very bad too:
    “Deepwater Horizon Disaster Two Years Later”
    http://nakedlaw.avvo.com/environment/deepwater-horizon-disaster-two-years-later.html

    british engineering...sad joke

    Apr 22nd, 2015 - 06:26 pm - Link - Report abuse 0
  • chronic

    What in your poor misinformed mind do you think hydraulic fracturing has to do with the Deep Water Horizon disaster?

    Apr 22nd, 2015 - 07:03 pm - Link - Report abuse 0
  • ChrisR

    Another load of flim-flam from Miguel-Galuccio and the 'promise', by a Russian crook no less, to spend money in VM!

    Well, we all know where that will go, don't we?

    @ 23 POLLY

    Polly, when are you going to listen? BP is more than 60% owned by the yanks!

    The 'engineere' were Haliburton, an American company who do not understand the term 'safety in operations'.

    The US politician are in their pockets, just look at Iraq.

    But why let the facts spoil a good LIE?

    Apr 22nd, 2015 - 07:15 pm - Link - Report abuse 0
  • Briton

    Has anyone actually seen and argentine oil well or platform
    do they even exist,
    or is it another argy myth.

    Apr 22nd, 2015 - 07:15 pm - Link - Report abuse 0
  • Troy Tempest

    23 Pablo - petite-voice

    I didnt think we would see you again, as pabo - aren't you the 'new' poster “Viorus01” or whatever...?

    Apr 22nd, 2015 - 07:44 pm - Link - Report abuse 0
  • chronic

    “The 'engineere' were Haliburton, an American company who do not understand the term 'safety in operations'.”

    Halliburton was the cementer.

    The responsibility for allowing the well to kick lies solely at the feet of BP and TO.

    Schlumberger conducted the mudlogging. (Did you guys find your well records yet?)

    If TO would have recognized the weight cut (or the gain in system volume)
    and added barite premix the event could have been easily neutralized. This happens many times every day and is dealt with in this manner without incident. Everything that happened afterward was in an effort to cure this omission.

    When the the annulus unloadeded the string was still in the hole. The pipe was sheared and the blind rams were actuated on the BOP. The shearing was incomplete and pipe fouled the blinded rams. [I'd of closed the pipe rams.] [The cement had not been allowed to fully cure by BP.] The gas ignited and the rig burnt.

    Apr 22nd, 2015 - 07:53 pm - Link - Report abuse 0
  • ChrisR

    @ 28 chronic

    And WHO owns the most of BP?

    It's the yanks.

    Obumma went on TV and categorically blamed the Brits: he was probably crying over his Muslim father that the Brits 'hurt'.

    But haven't the Brits PAID for it with all the carpet bagging 'lawyers' clamouring for anybody who will sign a claim, whether they were lawful claims or not?

    Apr 22nd, 2015 - 09:48 pm - Link - Report abuse 0
  • chronic

    Fifteen (15) were killed in Baytown as a result of cost cutting measures coming directly from BP London. One was family. Flog your BP line elsewhere - I know who the reckless fools are.

    Apr 22nd, 2015 - 10:29 pm - Link - Report abuse 0
  • Stevie

    Troy, as I stated, fracking is an environmental issue, not ideological.
    It's as bad in Argentina as in USA.

    Apr 23rd, 2015 - 01:07 am - Link - Report abuse 0
  • Troy Tempest

    31 Stevie

    Ok, thanks for that.

    Apr 23rd, 2015 - 01:47 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Who cares what the Heritage of Anglo Supremacism Foundation has to say about Argentina, when they are one of the most arrantly anti-argentine organizations on this planet???

    Please.

    Apr 23rd, 2015 - 02:14 am - Link - Report abuse 0
  • Troy Tempest

    33

    ...really on a completely different planet from the rest of us, isn't he... ??

    Apr 23rd, 2015 - 02:38 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    http://www.dailykos.com/story/2013/05/08/1207777/-Looks-like-Heritage-hires-them-racist-AND-stupid-these-days#

    I guess the facts are also, from your point of view, from another planet.

    Apr 23rd, 2015 - 02:44 am - Link - Report abuse 0
  • Marcos Alejandro

    The marionette and Johnny “oldcomb”
    Interesting to see two Canucks from British Columbia posting in the same article.

    Apr 23rd, 2015 - 03:33 am - Link - Report abuse 0
  • Troy Tempest

    36 voice

    What a wit you are.

    Did I spell that right??

    Apr 23rd, 2015 - 03:38 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    So now that Troy Tempest has “struck out looking”, anyone else want to field my question about the Heritage of Anglo Supremacism Foundation?

    http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/09/jason-richwine-doesnt-understand-why-people-are-mad-at-him/

    “In brief, my dissertation shows that recent immigrants score lower than U.S.-born whites on a variety of cognitive tests. Using statistical analysis, it suggests that the test-score differential is due primarily to a real cognitive deficit rather than to culture or language bias.”

    So, point 1: he argues that a certain group is genetically inferior in intellect, and that this is irreversible.
    point 2: this group is the Hispanic race, which according to everyone here “doesn't exist” (so as to negate the “Anglo” designation in use in Argentina).

    Yet clearly as I have argued before, not only is it seen as a race in NorthAmoland, but it is studied as a genetically identifiable race at that.

    So don't tell me I have been lied to by Anglos (a race of people that includes Michael Jordan to Kate Moss) yet again!

    I suspect some mass dodging of this message will promptly ensue.

    Apr 23rd, 2015 - 03:48 am - Link - Report abuse 0
  • Marcos Alejandro

    Mr Floatie, the marionette and Johnny “oldcomb” best friend..

    https://www.youtube.com/watch?v=W-NWbzB3ut0

    Apr 23rd, 2015 - 03:58 am - Link - Report abuse 0
  • Troy Tempest

    39 MA

    Seriously, how old are you ?

    Apr 23rd, 2015 - 04:10 am - Link - Report abuse 0
  • Marcos Alejandro

    Troy Tempest?

    Seriously, how old are you ?

    Apr 23rd, 2015 - 04:18 am - Link - Report abuse 0
  • Troy Tempest

    Seriously,

    I only ask because you seem to be very young.

    One might say, infantile...

    Apr 23rd, 2015 - 04:58 am - Link - Report abuse 0
  • Vestige

    Re; #16

    The 'heritage foundation' really aren't a reliable source, hugely biased, they're about as neutral and reliable a source of information as a 40's communist or fascist pamphlet.

    Its a republican circle jerk.

    Apr 23rd, 2015 - 05:21 pm - Link - Report abuse 0
  • ChrisR

    @ 30 chronic

    I am truly sorry that you lost a family member but BP is owned by the US: that IS a fact.

    Obumma must have known that when he deliberately pointed the finger ONLY at the Brits.

    But I will pose this question to you: you are operating a rig in the Gulf and somebody sitting in an office 5,000M away instructs you to 'cut costs' which in your experience is likely to lead to disaster, even deaths.

    What would you do? Don't tell me you would do it because you would not.

    Apr 23rd, 2015 - 05:47 pm - Link - Report abuse 0
  • chronic

    I said Baytown when in reality it was Texas City on the other side of the channel. 2005. They've got smoking guns all the way back to London. BP management is the worst in the biz. Amoco were champs by comparison.

    Apr 23rd, 2015 - 08:21 pm - Link - Report abuse 0
  • golfcronie

    I would say that Halliburton did not do a good cement job on the Deepwater Horizon well and the BOP failed to do its job. I worked for Hallibuton in Libya on a blowout, they were to put it kindly a “ bunch of cowboys ” always cutting corners and had unsafe practices.

    Apr 25th, 2015 - 03:54 pm - Link - Report abuse 0
  • Troy Tempest

    46 golfcronie

    I am not surprised to hear that.

    In the 80's during my rig stint in Northern Canada, safety and professionalism was just emerging, as workers started to be educated - the Imperial Oil Roughnecks and Derricks were laughed at as soft and unmanly, for following safety practices - men took risks to, “...just get the job done”.

    A lot of the senior personnel, Drillers and 'Pushes, were “0ld school” tough guys who lived and learned all their lives, in the field.

    Only the visiting Engineers had an education.

    I am sure much of that has died out by now, and it is far more regulated, but some of that mentality is still out there.

    A lot of the guys just don't know better...

    Apr 25th, 2015 - 08:12 pm - Link - Report abuse 0

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