United States billionaire entrepreneur and venture capitalist Peter Thiel has acquired a US$76 million stake in Argentina’s largest oil exporter, Vista Energy. This transaction represents his inaugural investment in the oil sector and signifies his initial foray into Patagonia’s Vaca Muerta oil field. Thiel Macro LLC, the hedge fund managed by Thiel, secured a 1% … Read more
Shares in Vista Energy SAB, Argentina’s leading oil exporter, experienced a significant increase in New York on Monday following the announcement by tech billionaire Peter Thiel regarding his substantial investment in the company. Vista’s American depositary receipts increased by 4.9 percent to US$71.67 as of 10.49am in New York, marking the highest level in two … 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
Crude oil emerged as Argentina’s foremost export in the first half of 2026, surpassing conventional agricultural products to claim the top position in the nation’s export hierarchy. According to a report based on data from the national statistics agency INDEC, crude oil generated $4.7 billion in export revenue between January and June. The figure represents … Read more
YPF SA, the government-owned energy firm in Argentina, has announced a project with a valuation of US$25 billion intended to enhance oil output. This initiative signifies the largest allocation of resources since President Javier Milei took office. YPF’s Chief Executive Officer, Horacio Marin, has indicated that the company has put forth its proposal to the … Read more
The Argentine Patagonia region is poised to become the primary driver of new employment opportunities in the forthcoming years, fueled by substantial oil and mining investments promoted by President Javier Milei’s administration, as indicated by the latest report from the Fundación Mediterránea think tank. The southern part of the country region emerges as the primary … Read more
The exponential growth of the unconventional oil fields in Vaca Muerta, Neuquén, stands out as one of the most significant economic developments during the Milei presidency. The data presents a compelling case, especially within the oil sector. In the first quarter of 2026, the sector experienced a year-over-year growth of 16.2%, as reported by the … 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
A US appeals court on Friday reversed a decision that mandated Argentina to compensate US$16.1 billion for the 2012 expropriation of oil company YPF. The 2nd US Circuit Court of Appeals in New York issued a ruling, determining that the lower court had erred in siding with former shareholders who alleged they suffered harm due … Read more
In a closing speech at the CPAC summit in Hungary on Saturday, President Javier Milei asserted that “Argentina is in a position to guarantee Europe’s energy security.” The remarks followed a meeting between the head of state and his ally, Hungary’s Prime Minister Viktor Orban, a far-right leader who is preparing for an election later … Read more
