News of gas

Shell signs accord with Argentina’s YPF to develop LNG plant

19-12-2024 14:57 Shell Plc has signed an agreement with Argentina’s state-run energy company YPF SA to work on a plan to export liquefied natural gas.

ENERGY & GAS

Argentine oil output is poised to oust Colombia from South America’s top three

09-12-2024 16:26 A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America.

GAS & ENERGY

Analysing Argentina’s bid to boost Vaca Muerta natural gas exports

30-11-2024 05:18 A look at the challenges facing President Javier Milei’s government as it attempts to consolidate the natural gas exports from the vast Vaca Muerta formation.

ENERGY & GAS

YPF to merge LNG project with rival’s joint venture

25-11-2024 12:54 State-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy and liquefied natural gas shipper Golar LNG.

ENERGY & GAS

Brazil makes progress on plan to import Argentine natural gas

18-11-2024 16:55 Brazil is moving forward with plans to import natural gas from Vaca Muerta formation in a sign that bilateral business deals can overcome a complicated political relationship.

ypf nationalisation case

Burford open to Argentine bonds for US$16-billion judgement

08-11-2024 19:36 Burford Capital, which won a US$16-billion judgement against Argentina over its nationalisation of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash.

ENERGY & GAS

Pampa Energía sizes up LNG projects as Milei aids shale growth

18-10-2024 17:37 Energy producer Pampa Energía SA will decide in the next three months whether to partner on a multibillion-dollar LNG plant, says Marcelo Mindlin.

CHANGES TO GOVERNMENT

PRO gains another spot in government as energy secretary resigns

17-10-2024 16:22 Eduardo Chirillo resigns as energy secretary; María del Carmen Tettamanti, former chief of Camuzzi gas distributor and advisor to Patricia Bullrich, appointed to post.

ENERGY & GAS

Bolivia natural gas shortage sends economy teetering

09-10-2024 13:57 Bolivia's once powerful natural gas industry is now on the verge of collapse as a result of a lack of investment and maintenance. The fall of the state-supported industry has sent shockwaves through Bolivia's economy.

ENERGY & GAS

Oil workers strike after death after Vaca Muerta drilling field

09-10-2024 11:20 Vista Energy reports death of Miguel Fernández, 40, following an accident at Bajada del Palo Oeste field at Vaca Muerta formation; Unionised workers stage protest as they demand “no for more deaths” and call for more investment in safety.

UNITED STATES

Hurricane Milton approaches Florida with 249 km/hr winds

08-10-2024 07:46 Hurricane Milton is set to approach the Florida peninsula as a catastrophic Category 4 storm, bearing down on a region still struggling to recover from Helene’s devastation.

ENERGY & GAS

Argentina may implement power cuts to cope with summer demand

23-09-2024 16:31 Argentina plans to resort to scheduled power cuts to cope with electricity demand this Southern Hemisphere summer amid forecasts for high temperatures that would force customers to crank up air conditioning.

MINING & GAS

YPF eyes sale of lithium unit as focus narrows on shale ramp-up

31-08-2024 17:12 State-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into Vaca Muerta shale patch.

ENERGY & GAS

Petrobras eyes Argentina deals to boost energy imports

26-08-2024 14:42 Brazil’s state-controlled oil producer Petrobras is hunting for shale gas deals in Argentina.

ENERGY & GAS

YPF moves to sell units as it ramps up divestments in shale push

09-08-2024 15:48 State-run oil company, YPF SA, is moving to sell several business units and stakes as its divestment plan kicks in.

GAS & ENERGY

Milei in Neuquén to tour Vaca Muerta, meet businessmen

08-08-2024 19:09 President Javier Milei visits Neuquén, heart of energy production, and crosses over to Chile for the first time as head of state – but without holding a bilateral meeting with Gabriel Boric.

ENERGY & GAS

YPF in talks with energy transfer to fund Argentina pipeline

20-07-2024 18:12 Argentine crude driller YPF SA has held talks with US pipeline company Energy Transfer LP to finance a cross-country pipeline that could ramp up shale oil exports.

ENERGY & GAS

Bolivia announces discovery of natural gas 'mega-field'

15-07-2024 18:34 Bolivia has discovered a massive natural gas field with reserves of 1.7 trillion cubic feet, its biggest discovery of the fuel since 2005.

ENERGY & GAS

Vista reaps more from crude sales as Argentina frees oil markets

12-07-2024 16:11 Shale driller Vista Energy charged export prices for more than 40% of crude that it sold to domestic refiners in the second quarter.

ENERGY & GAS

Declining gas giant eyes new role piping Argentine gas to Brazil

20-06-2024 15:03 Bolivia is offering its pipelines to transport natural gas from Argentina’s Vaca Muerta field to Brazil.

LABOUR TENSIONS

Argentina’s union calls strike, to affect Vaca Muerta production

16-06-2024 08:39 The Union of Private Oil and Gas Workers says it will hold a 48-hour strike starting Tuesday.

INTERVIEW

Ex-Energy and Mining secretary Flavia Royón: 'RIGI is necessary’

06-06-2024 00:50 Former Energy & Mining secretary in Alberto Fernández and Javier Milei governments says RIGI investment incentive scheme is “necessary to develop LNG, hydrogen and mining projects.”

OIL & GAS

Oil driller Aconcagua eyes Argentina IPO as Milei lures capital

04-06-2024 15:07 President’s move to open up economy creates market opportunity; Gas company did first local listing since 2017 earlier in year.

ENERGY & GAS

Natural gas crunch as worst winter since 1980 looms

29-05-2024 11:34 Government scrambles to secure supplies of fuel as lower-than-expected temperatures boosts demand for home heating.

ENERGY & GAS

YPF’s US$2.5-billion shale oil pipeline moves ahead after approval

10-05-2024 17:30 YPF SA is moving ahead with plans to build a US$2.5-billion cross-country pipeline that’s key to unlocking exports of crude from the vast Vaca Muerta shale patch.

STATE ENERGY FIRM

Burford seeks Argentina’s YPF stake to pay US$16-billion award

22-04-2024 20:29 Burford Capital asks US judge to grant it controlling 51% stake in YPF as part of its effort to collect on a US$16-billion court judegment.

UTILITY RATES

Bye subsidies, hello soaring prices: Sharp gas increases on way

27-03-2024 16:13 First update will be applied in April; the following between May and September and the last one from October to December. Strong impact on high income households, shops and industries.

BLOOMBERG

Oilfield billionaire Paolo Rocca has ‘lot of hope’ for Milei

21-03-2024 11:59 Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that President Javier Milei can turbo-charge development of the country’s shale deposits.

argentina

Six dead as group tries to rescue worker from sewer well

18-03-2024 13:38 Tragedy strikes inhabitants of the town of Blaquier, in the district of Florentino Ameghino, when the news broke yesterday that six people had died in a sewage well rescue gone wrong.

More hikes on way

Gas prices set to rise sharply as Energy Secretariat prepares to trim subsidies

13-03-2024 17:48 Sources in Energy Secretariat anticipate new rates will be disclosed in next week; Energy companies have asked for rises above 500%.

ENERGY & GAS

YPF says fire sale to free up US$800 million for shale oil push

07-03-2024 17:51 State-run YPF SA says its sweeping plan to divest ageing oil fields will free up US$800 million to invest in renewed Vaca Muerta shale push formation.

YPF RULING

Argentina’s US$18-billion Chinese FX line eyed for US YPF judgement

29-02-2024 00:15 Burford Capital, trying to collect on a US$16-billion US court judgement against Argentina, is exploring whether a currency swap line with China could be used to satisfy the debt.

POLITICS

Milei’s bold decree teeters as Argentina's provinces resist

27-02-2024 19:21 Growing opposition to President Javier Milei’s sweeping decree in the Senate puts it at risk of being overturned as regular sessions get underway next week.

OIL & GAS

Exxon to weigh US$1 billion sale of Argentina shale assets

24-02-2024 19:15 Exxon Mobil is mulling bids for its Argentine shale assets as the US energy giant looks to unwind its bet.

ENERGY & GAS

YPF plans sweeping asset sale to focus on Argentina shale

07-02-2024 11:38 Argentina’s biggest oil company, state-run YPF SA, is planning a sweeping asset sale to sharpen its focus on shale production and boost its share price.

OIL & GAS

President's plan to free oil market slows in Congress

28-01-2024 10:08 At issue is the government’s ability to stop drillers from exporting cargoes of crude if it’s concerned about shortages at domestic refineries.

Congress

Milei suspends plan to privatise Argentina state oil company YPF

22-01-2024 13:18 Privatisation of state-run oil company YFP has been cut from President Javier Milei sweeping reform bill in Congress negotiations.

OIL & GAS

State energy firm YPF out of Milei’s privatisation crosshairs

19-01-2024 19:26 State-owned oil firm will not be privatised by Javier Milei’s government, after his party reached an agreement with opposed lawmakers to smooth overall passage of Omnibus bill.

ypf nationalisation case

Blow for Argentina as court rules against nation in YPF nationalisation case

11-01-2024 17:12 US Judge Loretta Preska rejects the motion for extension by the government and confirms January 10 was deadline to provide guarantees; Plaintiffs can now seek seizure of assets for compliance.

ypf nationalisation case

Argentina’s US$16.1-billion YPF judgement is now open to collection

11-01-2024 16:12 US judge rules against Argentina's bid to push back collection efforts for US$16.1-billion court judgement related to its 2012 takeover of oil company YPF SA.

BLOOMBERG - ANALYSIS

Perpetual bonds unlikely to be the answer in YPF case

28-12-2023 00:35 Javier Milei’s suggestion that Argentina could issue debt to comply with a US$16-billion lawsuit award related to the nationalisation of oil company YPF has met with scepticism from investors.

REFORM BLITZ

President sets up Aerolíneas Argentinas and YPF for sell-off

21-12-2023 11:15 Milei announces slew of reforms that would allow tens of state-controlled firms, many of them money-losing, to be sold off. Among them, national airline Aerolíneas Argentinas SA and, after a "transition period," state energy firm YPF.

ENERGY SUPPLY

Milei government issues decree declaring energy emergency

18-12-2023 14:20 Javier Milei issues decree declaring energy emergency; Control bodies ENRE and ENARGAS to be placed under trusteeship prior to institution of new boards.

BLOOMBERG

Milei taps oil vet to run state energy firm YPF

23-11-2023 14:48 Milei plans to tap Horacio Marín, a 35-year industry veteran who has worked in the US and South America, to become president and chief executive officer of YPF SA.

US COURTS

Argentina gets delay on payment of US$16.1 billion in YPF case

23-11-2023 13:06 Judge agrees to temporarily delay enforcement of a US$16.1 billion court judgment against Argentina over its 2012 expropriation of oil company YPF.

PRIVATISATION PLANS

Oil driller YPF surges as victorious Milei touts privatisation

20-11-2023 17:46 YPF SA surges following election of Javier Milei, who says he plans to privatise the state-owned oil and gas producer and remove controls stymieing the sector.

FUEL TAX FREEZE

Massa says Argentina will freezes fuel levies until February 2024

01-11-2023 16:22 Deep into election campaign, Argentina's government postpones fuel tax hike to 2024 to avoid further price hikes.

Bloomberg

Sergio Massa threatens to cut fuel exports amid shortage

30-10-2023 08:21 “If the fuel supply is not resolved by midnight on Tuesday, companies will not be able to send out export ships starting on Wednesday,” Massa tells reporters in Tucumán Province.