Tag: Vaca Muerta

Friday, January 26th 2018 - 09:24 UTC
“Argentina has left the populist experiment, and no other country has its potential”

Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.
Sunday, October 8th 2017 - 08:31 UTC
Argentina preparing to auction offshore hydrocarbons exploration next year

Argentina plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil, the energy minister said on Thursday.
Tuesday, August 29th 2017 - 19:08 UTC
Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.
Tuesday, August 29th 2017 - 10:45 UTC
YPF shake up: CEO replaced with a six-member executive committee

The chief executive officer of Argentina’s state-owned oil company YPF has resigned and a six-member executive committee will run the company. The company did not name a replacement for CEO Ricardo Darre, who had held the job since July of last year. Darre, an engineer, had previously worked for French oil company Total in the United States.
Thursday, July 20th 2017 - 09:54 UTC
Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.
Wednesday, July 12th 2017 - 04:21 UTC
Oil and gas production in Argentina has fallen to its lowest in 25 years

Oil and gas production in Argentina has fallen to 1981 levels, the lowest in 25 years, despite a $14 million government subsidy for the first five months of this year. From last year to May 2017, the country has produced 2,311,736 m3 of oil and just under 3.8 billion m3 of gas, which shows a drop of 6% and 1.8% respectively.
Thursday, May 18th 2017 - 17:36 UTC
YPF targets US$ 10 cost per barrel at Vaca Muerta shale deposits, by end of 2018

Argentina's oil corporation YPF plans to match United States costs in developing non conventional energy, by the end of 2018. This refers to the very rich shale deposits of Vaca Muerta, with a target of 10 dollars per barrel and for this purpose it has started a program of experimental drillings.
Saturday, April 22nd 2017 - 09:15 UTC
ExxonMobil betting heavily in developing Argentina's Vaca Muerta shale gas

ExxonMobil is planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca Muerta formation in the Neuquen province. Exxon will start drilling Vaca Muerta in May, by drilling horizontal wells with laterals of 2,500-3,000 meters, Neuquen province governor Omar Gutierrez said this week.
Saturday, March 25th 2017 - 09:29 UTC
Argentina closer to energy self sufficiency: US$ 2.3bn investment in Vaca Muerta shale fields

Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.
Sunday, February 26th 2017 - 11:21 UTC
YPF and Shell reach deal to develop oil and gas assets in Vaca Muerta shale field

Argentina's state-run oil company YPF said it reached a preliminary deal with Royal Dutch Shell Plc to develop oil and gas assets in the Vaca Muerta shale field, involving a US$300 million investment from Shell.