YPF and Dow sign US$500m agreement to further develop shale gas

Wednesday, December 16th 2015 - 08:20 UTC

Full article 5 comments

Argentina announced on Tuesday an agreement between state-run oil company YPF and Dow Chemical to spend $500 million next year developing a natural gas project in the Patagonia region. Read full article

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ilsen
$500 million?
just peanuts in this game, still, you know what they say, you pay peanuts, you get...
Dec 16th, 2015 - 08:34 am - Link - Report abuse 0
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Troy Tempest
Is this the start of a new Marshall Plan?
Dec 16th, 2015 - 09:07 am - Link - Report abuse 0
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yankeeboy
Dow routinely has its gas shut off to its plants. This is a way to guarantee supply and pricing. Nothing more.
Dec 16th, 2015 - 01:02 pm - Link - Report abuse 0
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chronic
Uhhhh, a little bit of the glimmer has faded from Dow.

Gas, gas, gas - everywhere gas but not at dollar to be had.

Gas is as ubiquitous as air.

It appears that rottingroadkill is indeed up for sale.

Step right up.
Dec 16th, 2015 - 02:33 pm - Link - Report abuse 0
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ChrisR
If, as my international money broker reckons, oil will not come back in the foreseeable future how the hell is YPF EVER going to be a real player in Argentina? They couldn't make a profit when oil was over U$D 100 per barrel, how can U$D 35 per barrel work?

Perhaps it would be best to mothball the oil exploration and winning arm and concentrate on lowering distribution costs and obtaining market priced oil to provide reduced pump prices without subsidies.
Dec 17th, 2015 - 08:41 pm - Link - Report abuse 0
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