The expansive ravine traversing the city of Neuquén, located in north-western Patagonia, delineates its dual realities. The orderly, suburban avenues in the valley beneath resemble those found in any other Argentine metropolis. However, in the plateau region, there is clear evidence of the nation’s industrialisation. Power lines intersect a landscape of vacant housing lots poised … Read more
It is widely recognised that the swift expansion of Vaca Muerta is establishing the region as a pivotal economic driver for Argentina. What may be less well known is that the project also has the potential to address several structural bottlenecks in the Argentine economy. One of the most unusual developments, however, is not found … Read more
Argentina LNG represents a significant energy initiative aimed at transforming unconventional gas sourced from the Vaca Muerta field into liquefied natural gas for export purposes. With a US$51 billion investment, the initiative – led by state-owned oil company YPF in partnership with Italy’s Eni and the UAE’s XRG – would strategically position Argentina as a … Read more
President Javier Milei’s decision to tighten sanctions against foreign companies operating in the Sea Lion exploration project around the Malvinas Islands has prompted a response from several international oil companies regarding the matter. In recent days, SLB (formerly known as Schlumberger), Halliburton, and Baker Hughes have declared their intention not to engage in the Sea … Read more
Last week, in a straightforward manner, the government’s Deputy Economy Minister for Energy & Mining, Daniel González, revealed that a new study indicates Vaca Muerta possesses nearly twice the oil resources previously estimated by the US Energy Information Administration fifteen years ago. The EIA had stated that the recoverable oil was 16.2 billion barrels; the … Read more
With a projected total expenditure of US$51 billion, state oil giant YPF has applied to take part in President Javier Milei’s investment incentive program for its “Argentina LNG” project. The plan aims to exploit the gas resources of the Vaca Muerta shale formation for export in the form of liquefied natural gas. The Argentina LNG … Read more
YPF, the state-owned oil and gas enterprise, divested its interest in Metrogas, the leading natural gas distribution entity in Argentina, to Edenor, an electricity distributor overseen by businessmen José Luis Manzano, Daniel Vila, and Mauricio Filiberti. The decision indicates that YPF will divest from Metrogas as it reallocates its resources to prioritise oil and gas … Read more
Chilean Energy Minister Ximena Rincón recently toured the Vaca Muerta field in Neuquén province, extending an invitation to Argentina to utilise their Pacific coast ports for the export of oil and gas to Asian markets. A communiqué from Chile’s foreign ministry provided additional insights on the proposal. “Chile can serve as a close, stable, and … Read more
Certain sources indicate that Chevron Corp, along with two other significant Argentine shale producers, is set to finalise contracts this week for a natural gas liquids project. This development strongly suggests that the US$3-billion initiative is poised to proceed. Certainly, Chevron, the prominent US supermajor, is looking to increase its activities in the Vaca Muerta … Read more
President Javier Milei utilized a nationally televised broadcast on Friday night to celebrate a favorable court ruling for Argentina concerning the 2012 nationalization of the state energy firm YPF, while simultaneously characterizing the leaders of the opposition Peronist movement as irresponsible and reckless. In an unexpected ‘Cadena Nacional’ address aired nationwide, Milei vehemently condemned former … Read more
