
Pan American Energy (PAE) and the US shale giant Continental Resources announced Monday a strategic partnership to accelerate the development of four key blocks in the Vaca Muerta formation.
Add your comment!
Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.

Chile's State-owned oil company, Empresa Nacional del Petróleo (Enap), has finalized a colossal import deal worth US$12 billion with major Argentine energy producers, securing a critical long-term supply from the Vaca Muerta unconventional field.

Colombian oil company GeoPark announced this week its plans to make a significant investment and operational agreement for the Vaca Muerta unconventional hydrocarbon reserve in Argentine Patagonia.

Argentina began exporting natural gas to Brazil for the first time through the infrastructure of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), it was reported Tuesday.

Shell Argentina and Chevron Argentina joined the Vaca Muerta Sur (VMOS) project as shareholders in the major oil transport infrastructure initiative led by a consortium including the state-owned YPF, Pan American Energy (PAE), Pampa Energía, Vista Energy, and Pluspetrol. “It is the most important oil transport infrastructure project of the last decades,” the consortium said in a statement.

Bolivia will be collecting some US$ 120 million yearly for allowing Argentine gas from Vaca Muerta through to Brazil, Economy Minister Marcelo Montenegro explained Wednesday during a press conference in which he highlighted the importance of Tuesday's agreement to bringing fresh foreign currency into the country's coffers in addition to its strategic nature in a regional context riddled with energy challenges.

Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.

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.