Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.
After terminating the supply to Argentina, Bolivia will up its gas pumping towards Brazil according to an agreement between YPFB and Petrobras. Buenos Aires announced it would no longer be needing Bolivian gas since Vaca Muerta, the second-largest reserve in the world and the fourth-largest oil reserve, guarantees the supply for its domestic market.
Argentine President Javier Milei resumed his mileage accruing habit Thursday with a trip to Vaca Muerta in the Patagonian province of Neuquén and later to Santiago, where he met with local businessmen but not with Gabriel Boric Font.
Argentina could be on the path to start exporting LNG from its Vaca Muerta shale gas deposits, after Golar LNG signed a 20'year deal with Pan American Energy (PAE) for the deployment of a Floating Liquefied Natural Gas (FLNG) vessel in Argentina according to a report from US Energy Information Administration.
Foreign Ministers Mauro Vieira of Brazil and Diana Mondino of Argentina met in Brasilia on Monday for talks aimed at bringing South America's two largest countries closer together, despite the opposing views of presidents Luiz Inácio Lula da Silva and Javier Milei, especially on each other.
Leaders of Argentina's Industrial Union (UIA) Wednesday highlighted the country's export potential, particularly that of Vaca Muerta, to make up for the loss of foreign currency affecting the nation's coffers.
Argentine President Alberto Fernández Thursday welcomed Indian Foreign Minister Subrahmanyam Jaishankar. During the meeting, bilateral issues were discussed, in addition to the South American country's desire to join the BRICS alliance. Also present during the encounter was Argentine Foreign Minister Santiago Cafiero.
Argentina's oil output reached its zenith in 20 years with 584,000 barrels per day (bpd) delivered in May of 2022, thanks mostly to unconventional developments, it was reported Tuesday.
Argentine President Alberto Fernández Tuesday met in Madrid with Spanish Prime Minister Pedro Sánchez on the first day of his European tour which will also include encounters with German Chancellor Olaf Scholz and French President Emmanuel Macron.
Argentine President Alberto Fernández Thursday launched the Néstor Kirchner gas pipeline project during a ceremony at the Loma Campana field in Vaca Muerta, province of Neuquén.