Tag: Vaca Muerta

• 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.

• Friday, May 23rd 2014 - 23:50 UTC

  Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

  

  Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.