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MercoPress, en Español

Montevideo, December 22nd 2024 - 11:13 UTC

Tag: Petronas

  • Monday, September 23rd 2024 - 08:55 UTC

    LNG project to go on with or without Petronas, YPF CEO says

    Local media are mentioning a 95% probability that the Malayan company would back down due to a slump in expectations

    Argentina's State-run oil company YPF CEO Horacio Marín admitted that the highly-announced US$ 30 billion joint Liquefied Natural Gas (LNG) venture with Malaysia's Petronas in Patagonia would go ahead despite the Asian partner's alleged intention to withdraw from it.

  • Wednesday, July 31st 2024 - 22:38 UTC

    YPF and Petronas announce joint LNG partnership in Argentine Patagonia

    The Rio Negro location offered numerous advantages over Bahía Blanca, it was explained

    Argentina's state-run oil company YPF and its Malaysian version Petronas will invest over US$ 30 billion to build a Liquefied Natural Gas (LNG) plant in the Patagonian province of Río Negro, it was announced, thus ending speculations according to which such a facility was to be or should have been settled in the Bahía Blanca area in the province of Buenos Aires.

  • Friday, February 8th 2019 - 10:13 UTC

    Vaca Muerta shale oil production soared 52% and gas 193%, during 2018

    Shale oil output rose 52% year on year in 2018, reaching a peak of 78,189 b/d in December, or 60% of total production that month, the data showed.

    Vaca Muerta, the biggest shale play in Argentina, led a year-on-year increase in oil and natural gas production in 2018 in Neuquen, as more companies bet on the resources for growth in the southwestern province.

  • Thursday, December 6th 2018 - 09:32 UTC

    YPF and Malaysia's Petrona committed to invest US$ 2.3bn in Vaca Muerta

    The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million in the process

    Argentina's state-run energy company YPF and Malaysia's Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022. The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million to date in the process, YPF said in a statement.

  • Wednesday, October 3rd 2018 - 08:17 UTC

    Canada's largest private sector project: US$ 32bn LNG export terminal

    The LNG facility will be built in Kitimat, British Columbia. Construction is expected to begin this year, with the LNG export terminal in service by 2024

    A major US$ 31.9bn liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners. The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation. It is the single largest private sector investment project in Canada's history.

  • Saturday, May 12th 2018 - 09:37 UTC

    Leading global oil companies interested in Argentina offshore blocks auction

    Argentina is still defining the blocks to be included in its auction, expected to receive bids in late November.

    Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.

  • Thursday, January 30th 2014 - 06:46 UTC

    Argentina's YPF wooing Malaysia Petronas to develop shale deposits

    CEO Galuccio is in Kuala Lumpur to meet Petronas chief

    Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.