Argentina strikes deal with oil majors to develop Vaca Muerta shale

Argentina’s president has said the country has struck a deal with labour unions and a string of energy companies to lure investors to its massive shale oil and gas reserves. Oil majors including Chevron, Total, Shell, BP and Argentinian state energy firm YPF have been among the companies tipped to invest $5bn this year into the sprawling Vaca…


Argentina’s YPF to expand shale oil drilling with Malaysia’s Petronas

Argentine state-controlled energy company YPF plans to continue a pilot shale oil project with Malaysia’s Petronas, announcing an additional $192.5 million joint investment. The two companies put nine wells into production between May 2015 and September of this year, with an initial $165 million investment, YPF said in a statement. In the next phase they…


Argentina’s shale fields to get $1.4 billion investment boost

Three oil companies — state-run YPF, Pan American Energy and Wintershall — will invest $38 billion to explore for resources partly in Argentina’s vast but mostly untapped Vaca Muerta shale formation, Neuquén Governor Jorge Sapag said yesterday. The companies will use the new concessions to develop the Lindero Atravesado and Bandurria oil and natural gas…


Argentina, China lead shale development outside North America

As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the U.S. and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring hydrocarbons from shale and…