IEA: ‘Extraordinary’ growth in US shale oil could trigger OPEC action

The relentless rise of U.S. shale growth could soon spark another significant change of policy from leading oil producers, according to the latest monthly report from the International Energy Agency (IEA). “U.S. producers are enjoying a second wave of growth so extraordinary that in 2018 their increase in liquids production could equal global demand growth,” the IEA…


Mexico’s Vista Oil & Gas to acquire Argentine shale assets for $700m

Vista Oil & Gas, the first Mexican pure E&P listed company in the Mexican Stock Exchange, has announced that it has agreed to acquire a fully operational oil & gas platform from Pampa Energía S.A. and Pluspetrol Resources Corporation with interests in certain exploitation concessions, assessment blocks and exploration permits in Argentina in a deal…


Total, BP, YPF boost investment in Argentina’s Vaca Muerta

Argentina’s state-run oil firm YPF, France’s Total, Wintershall Energía and BP’s Pan American Energy have announced a $1.15 billion joint investment to increase shale gas production. The investment is the largest specific project announcement since March in Vaca Muerta, one of the world’s largest shale formations, as Argentine President Mauricio Macri’s government tries to reduce…