2022-10-12 00:00:00 | Argentina accelerates Vaca Muerta megaproject gas compression plans, launches tender

Argentine state energy company Energía Argentina has put out to tender another contract associated with the first phase of the Vaca Muerta gas pipeline megaproject.

2022-07-29 00:00:00 | Extraction activity reaches all-time high in Vaca Muerta

Argentina has seen a high increase in oil and gas production its Vaca Muerta Shale Basin. According to research by Rystad Energy, this new peak is part of a wider South American trend that could see the region producing more than 300,000 barrels per day by early 2023.

2022-03-10 00:00:00 | Activity levels rising in Vaca Muerta

Global energy data analytics and SaaS technology company Enverus anticipate that activity levels at the Vaca Muerta Shale Basin will keep climbing. YPF planned to spend USD 1.5 billion in 2021, PAE (Pan American Energy) will invest approximately USD 150 million into infrastructure by mid-2023 , while Shell intends to spend USD 1 billion to drill 100 wells during 2022.

2022-02-24 00:00:00 | Argentina seeks bids to build first phase of Vaca Muerta gas pipeline

The Argentinian government has launched tenders to acquire 656 kilometres of pipes for the Vaca Muerta gas pipeline’s first stage, the construction of which is forecast for completion in approximately 18 months. By winter 2023, this USD 1.6 billion project is expected to add 24 million cubic metres of gas per day to the country's network.

When complete, the full pipeline project will have added a 1,430-kilometre-long pipeline between the Vaca Muerta Shale Basin and Uruguiana in Brazil. From there, another 600-kilometre-long pipeline to the city of Porto Alegre is planned, facilitating distribution to southern Brazil.

2021-09-20 00:00:00 | ConocoPhillips ceases interests in Vaca Muerta Shale Basin

The US energy producer ConocoPhillips has sold all of its interests in Argentina to Vista Oil & Gas. A local oil producer, Vista has acquired a 50% stake in two oil concessions in the Vaca Muerta field and all of ConocoPhilips Argentina’s capital stock. Neuquén’s regional government granted these concessions, which expire in 2050.

Vista chairman and CEO Miguel Galuccio: “This is a unique opportunity to strengthen our position as one of the leading producers in Vaca Muerta. We are not only adding core assets to our existing portfolio, further enhancing our growth potential and shareholder value, but will also contribute our know-how in efficient developments, as well as safe and sustainable operations.”

2021-02-26 00:00:00 | USD 45 billion in 23rd agreement between Argentina and IMF

The International Monetary Fund has approved a new loan programme for Argentina, granting the country more time to repay a debt of USD 45 billion. The agreement includes a series of fiscal and monetary targets designed to help stabilise Argentina’s economy and widen access to international financing. If Argentina’s congress ratifies the deal, debt repayments will recommence. Full repayment is scheduled for 2034.

Vaca Muerta development plans will reduce Argentina’s gas imports, but they also require huge investment; the existing infrastructure is only suitable for some oil expansion, but not natural gas.

2020-09-02 00:00:00 | Redeployment of rigs underway at Vaca Muerta

Argentina’s state-backed energy company, YPF, will be redeploying 46 rigs in the Vaca Muerta Shale Basin between October 2020 and February 2021, following a plunge in oil and natural gas production due to the COVID-19 pandemic.

2019-09-17 00:00:00 | Vaca Muerta granted military police protection

Argentina’s Ministry of Security has placed the Vaca Muerta Shale Basin under the jurisdiction of the military police force, in response to growing union, environmental and Indigenous protests in the area.

2013-07-17 00:00:00 | YPF and Chevron sign Vaca Muerta deal worth USD 1.24 billion

In a move intended to open up the Vaca Muerta Shale Basin to global oil and gas markets, YPF has secured its first major international investment deal since Argentina’s government took control of the energy company in 2012. Chevron’s USD 1.24 billion investment in the region is designed to be the first of many, in a bid to reverse Argentina’s declining domestic oil and gas production.