Royal Dutch Shell intends to ramp up its crude oil production from the Vaca Muerta shale in Argentina to at least 40,000 bpd in 2021.
Argentina plans to increase natural gas exports to Chile in December, allowing deliveries without limits in an effort to encourage a ramp-up in production from Vaca Muerta by creating more sales...
YPF last week announced plans to invest US$1.5 billion in 12 pilot projects in the Vaca Muerta shale this year.
ENAP Sipetrol has agreed to acquire the Octans Pegaso block off the coast of Santa Cruz in Argentina.
Argentina’s YPF is pressing ahead with plans to develop a new block in the Vaca Muerta shale with Norway’s Statoil.
Venezuela’s crude oil sales to the US fell again in December, following a significant drop in production in the Latin American state.
ExxonMobil said on January 5 that it had struck oil at its Ranger-1 exploration well in the Stabroek Block offshore Guyana.
YPF said last week it had reached a deal to sell a 25% stake in its power generation business to US-based industrial conglomerate General Electric.
PDVSA is being sued for US$23.7 million in a US court by China’s Sinopec, in a sign that support from Venezuela’s usual foreign backers could be waning.
The purge of Venezuela’s oil industry continued last week with the arrests of Nelson Martinez and Eulogio del Pino.
Argentina’s YPF is forming partnerships to participate in offshore bid rounds, as it looks to ramp up exploration work with a view to laying the groundwork for long-term production growth.
Russia’s Lukoil has signed a preliminary deal with US-based OP Investments in which it has agreed to become a partner in Oil Combustibles, one of the five leading oil refiners in Argentina.
After two successful pre-salt tenders were held in late October, Brazil has announced details of more blocks to be offered in two new rounds due on March 29, 2018.
Argentina last week made its first gas exports to Chile in more than a decade. The exports were executed by means of the first swap deal between the two countries.
An onshore find has reinvigorated hopes that Uruguay could become an oil producer.