Tag: Vaca Muerta

Monday, September 15th 2014 - 05:11 UTC
Gas prices must increase to sustain strong investment levels, says YPF Galuccio

Argentina's YPF oil and gas state corporation CEO Miguel Galuccio pointed out that the increase in gas prices is needed in order to sustain “strong investment levels” for the company and revealed that the cost of drilling a well in the country's massive oil field in Vaca Muerta has fallen below 7 million dollars.
Wednesday, September 3rd 2014 - 22:05 UTC
Soros signals Argentina’s shale is biggest place to be

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.
Friday, August 29th 2014 - 07:32 UTC
Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation.
Tuesday, August 26th 2014 - 07:24 UTC
YPF strikes oil and gas in the Kirchner's province

Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.
Saturday, August 16th 2014 - 11:15 UTC
Billionaire Soros becomes the fourth largest holder of YPF shares

George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.
Saturday, July 19th 2014 - 07:36 UTC
A money rich China and Brazil dispute influence in Latam

After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.
Thursday, July 17th 2014 - 07:14 UTC
CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”
Thursday, July 17th 2014 - 05:39 UTC
“K” economist claims holdout hedge funds are after Argentina’s shale resources

The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.
Monday, July 14th 2014 - 05:49 UTC
Russia interested in Argentina's shale deposits, says Cristina Fernandez

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.