By Nick Cunningham of Oilprice.com – Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin.
Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.
Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.
Argentine oil company YPF SA has sold its first commercial liquefied natural gas (LNG) cargo to Brazilian state energy firm Petrobras, according to media reports in Buenos Aires.
Argentina’s state-controlled oil company YPF said a gas well caught fire at its vast shale oil and gas formation of Vaca Muerta early on Sunday following a gas leak on the previous day.
Argentina's likely next president, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.
Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were the only solution for Argentina, his coalition said.
The output of oil and gas in the Argentine province of Mendoza hit its lowest mark in ten years, contrary to what goes on in the rest of the country, local authorities have announced. The lack of calls for bids during previous administrations has been singled out as the cause of the poor results.
Argentina on Wednesday launched an international tender for a multibillion-dollar pipeline to transport natural gas from the Vaca Muerta shale formation in the western part of the country to capital Buenos Aires. Bids will be opened on September 12.
Argentina's YPF said on Thursday it reached a preliminary agreement with Texas-based Excelerate Energy to hire an LNG tanker for shipping cargoes to global export markets, as the state-backed energy company seeks to offload a growing surplus of shale gas production.