The government of Chile Tuesday unveiled 15 brand new railway units made in China, with which the South American country intends to revamp its train service both for passengers and cargo.
Argentina forced to quickly ramp up LNG imports in the coming winter months to meet its heating season, as domestic gas production dwindles and Bolivian pipeline imports slow.
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to the Argentine unit of Houston-based services company NCS Multistage.
Argentina’s cash-strapped government says it can find US$ 5.1 billion to give to natural gas drillers in a bid to resurface the country’s Vaca Muerta shale patch and prevent a jump in imports of the fuel.
Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency.
Argentina’s new energy secretary Dario Martinez plans to promote oil and natural gas production with a view to increasing exports as part of a strategy to pull the economy out of one of its worst crises on record.
Argentina's Vaca Muerta shale patch will take 12-18 months to resume pre-Covid-19 activity because of lagging demand, according to Alejandro Monteiro, energy minister of Neuquen province.
By Irina Slav, Oilprice.com – It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that could guarantee a country’s energy independence and turn it into a relevant international supplier of oil and gas. But only if the price is right.
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.