Tag: Argentina
YPF, Argentine state-run oil company slashes drilling costs
YPF completing wells faster, cheaper YPF, Argentina’s state-run oil company has slashed costs for horizontal drilling and cut the time required to complete new wells, according to company chairman Miguel Gutierrez at the CERAWeek energy conference in Houston. Gutierrez says the company cut drilling costs by almost half, from about $17 million to around $8 […]
Argentina seeking increased natural gas production from shale resources to reduce imports
Argentina is 3rd, after US, Canada, to commercially develop tight oil and shale gas Despite its estimated 802 trillion cubic feet (Tcf) of unproved, technically recoverable shale gas resources, Argentina’s dry natural gas production declined each year from 2006 to 2014, and the country has shifted from a net exporter of natural gas to a net importer, […]
Argentina lithium projects seek financing as production seen tripling
Lithium demand soaring thanks to electric vehicles, mobile phones By Juliana Castilla BUENOS AIRES, Feb 8 (Reuters) – Argentina’s lithium carbonate production will triple by 2019, and could grow by even more if companies find financing for various projects they are prepared to launch, industry executives and a government official told Reuters. Demand for lithium […]
Tight gas production ramps up in Argentina’s Neuquén basin, representing 1/4 of output
Capital efficiencies of Argentina’s tight gas wells are on par with the best plays in US HOUSTON— Operators in Argentina are focusing on reversing the Neuquén basin’s gas production decline by targeting low-permeability, tight gas reservoirs, says consultancy Wood Mackenzie. The shift to tight gas production over the last three years is being driven by pricing […]
Pan American Energy to invest $1.4B in Argentina shale natural gas this year
Pan American produces shale natural gas in province of Neuquen, started exploring for unconventional oil there in 2011 BUENOS AIRES (Reuters) – Pan American Energy LLC , a unit of BP, is planning to invest $1.4 billion in Argentina’s biggest oil field and other areas this year, two sources said on Thursday. The sources spoke on […]
Exxon may invest over $10B in Argentina’s Vaca Muerta shale region
Exxon already doing exploratory drilling in area BUENOS AIRES, June 3 (Reuters) – Exxon Mobil Corp could invest more than $10 billion in shale projects over 20 to 30 years in Argentina’s Vaca Muerta region, the government said on Friday. The project, currently a pilot program being developed with Exxon’s subsidiary XTO Energy and Gas y […]
Argentina to boost crude oil output to 653,000 bpd by 2025 – official
“In the energy sector we inherited a legal, institutional and functional disorder…We are trying to go back to normal.” – Redondo By Marianna Parraga LA JOLLA, Calif. (Reuters) – Argentina aims to eliminate its need for crude imports while increasing domestic oil output to 653,000 b/d in 2025, a 23 percent increase from 2015, an official […]
Argentina’s Vaca Muerta shale play has big expectations, high interest
Compared to US shale plays, Eagle Ford geology in south Texas comes closest to Vaca Muerta Despite volatile oil prices that have drastically reduced oil and gas drilling activity worldwide, operators that have weathered the oil price decline are positioning themselves to tap the potential of the next “big unconventional play.” American Energy News reported that […]
Argentina shale assets being developed by XTO, ExxonMobil
Still early days for shale play, says head of ExxonMobil Argentina ExxonMobil is working with subsidiary XTO Energy to develop Argentina’s biggest shale play, says Daniel De Nigris, CEO of ExxonMobil Argentina. “We are doing the evaluation of the assets,” De Nigris told Platts last week at the Argentina Oil & Gas Expo in Buenos Aires. “We […]
Shale development picking up in China, Argentina – EIA
Mexico accelerating its shale exploration, especially in its share of Eagle Ford basin The shale energy revolution is centered in the United States and Canada, but interest – and production – is picking up in China and Argentina, according to the US Energy Information Administration. Only these four countries produce commercial volumes of natural gas […]
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