Tag: YPF Argentina

• Monday, June 29th 2020 - 10:55 UTC

  COVID-19 could crush Argentina’s shale boom

  

  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.

• Monday, January 20th 2020 - 09:55 UTC

  Argentina pledges bill to attract investment for production of conventional and unconventional hydrocarbons

  

  Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.

• Tuesday, July 31st 2018 - 08:19 UTC

  YPF faces a US$ 14 billion lawsuit in the US, dating back to Maxus Energy acquisition

  

  Argentina's hydrocarbons company YPF is facing a fresh lawsuit in the United States, this time for US$14bn, which is twice the market value of the state oil firm, over alleged corporate restructuring that the company was said to have carried out several years ago.

• Monday, November 27th 2017 - 12:03 UTC

  Canada's PentaNova Energy signs farm-in agreement with YPF in Neuquen basin

  

  Canadian exploration and production company PentaNova Energy announced it signed a final farm-in agreement with Argentine energy company YPF for a further 11% stake in the Llancanelo oilfield, reports Buenos Aires media.

• Thursday, October 26th 2017 - 06:49 UTC

  YPF unveils ambitious US$ 30bn five-year investment plan

  

  Argentina's state-controlled energy company YPF has unveiled a US$ 30bn five-year investment plan to boost oil production and sharpen its focus on electric power generation. Some US$21.5bn will come from YPF's own coffers, with the remainder to be sourced from its project partners, the company said in a statement on Wednesday.

• 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.

• 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.

• Sunday, May 14th 2017 - 09:27 UTC

  YPF crude and gas output expected to decline 3% in 2017, due to labor problems and bad weather

  

  Argentina's state-run oil firm YPF expects a 3% decline in crude and natural gas output this year due to labor problems and bad weather, Chief Financial Officer Daniel Gonzalez told investors during a conference call in Buenos Aires.