Tag: YPF Argentina

• 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.

• Thursday, May 4th 2017 - 06:23 UTC

  Argentina contracts 2D seismic survey in deep waters covering 435,000 sq km

  

  Norway's Spectrum has started a 35,000 km multi-client 2D seismic survey covering 435,000 km2 in the deep waters of Argentina in cooperation with YPF. The survey will provide industry with the first ever detailed seismic grid over this under-explored frontier area of Argentina, allowing for basin-wide studies of the area as well as prospect/lead level interpretation studies for upcoming license rounds.

• Wednesday, April 12th 2017 - 10:18 UTC

  YPF interested in Shell's refinery and network of gasoline stations

  

  Argentina's state-run oil company YPF is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina. Other nationally owned oil companies are interested in the assets but YPF is seen as having an edge because of its strong position in Argentina, the reliable industry sources said.

• 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.