Tag: Vaca Muerta

• Wednesday, August 26th 2015 - 06:00 UTC

  Shell given a foothold at Argentina's vast shale resources in Neuquén

  

  Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.

• Friday, August 7th 2015 - 06:53 UTC

  YPF profits up, but no new joint-ventures in sight to develop Patagonia shale

  

  Argentina's state-managed energy firm YPF posted a second quarter net income of 2.297 billion pesos ($252.8 million) on Wednesday, a 50.5% increase on the same period last year. YPF earnings have been cushioned from the collapse of international oil prices by a government-controlled price for oil produced in the country, which sits at about $78 dollars per barrel.

• Monday, June 8th 2015 - 08:32 UTC

  YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day

  

  Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said.

• Wednesday, April 22nd 2015 - 05:55 UTC

  Gazprom and YPF will sign agreement to develop Argentina shale oil and gas deposits

  

  Argentine energy company YPF CEO Miguel Galuccio is scheduled to sign on Wednesday in Moscow a contract on joint exploitation of shale oil and gas in the rich Vaca Muerta fields of Patagonian province Neuquén. The contract is part of the bilateral agenda to be addressed by visiting Argentine president Cristina Fernandez on Thursday, when she meets with Vladimir Putin.

• Thursday, January 29th 2015 - 07:38 UTC

  YPF and China's Sinopec sign memorandum to develop shale oil and gas in Patagonia

  

  Argentine state-controlled energy company YPF said it signed a memorandum of understanding Wednesday with China's Sinopec pertaining to the eventual development of conventional and non-conventional oil and gas projects in Patagonia.

• Thursday, January 22nd 2015 - 05:52 UTC

  Argentina's economy forecasted to contract 1.5% this year, says IMF

  

  The International Monetary Fund (IMF) has predicted that Argentina's economy will contract by 1.3% in 2015, a figure smaller than original estimates, as the organization revised its world projections to reflect tumbling oil prices.

• Friday, January 16th 2015 - 05:23 UTC

  YPF increased output during 2014; refinery strike threatens supply of fuel

  

  YPF's oil and natural gas production rose in 2014 for the second year running, Argentina's state-run energy company said on Thursday. Oil production rose 8.7% last year, while gas output was up 12.5%, YPF said, although the company did not publish annual output volume.

• Thursday, December 11th 2014 - 12:04 UTC

  Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

  

  YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.

• Thursday, December 4th 2014 - 05:51 UTC

  Falling oil prices comes as a blessing for dollar-short Argentina

  

  The slump in global oil prices will reduce Argentina's energy import bill by several billion dollars, a development that could ease pressure on the Central Bank’s strained foreign-currency reserves, according to Economy minister Axel Kicillof.

• Thursday, November 6th 2014 - 21:50 UTC

  Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

  

  The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”