Argentina

Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 26, 2021
Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina has commissioned a second floating, storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 21, 2021
Chevron Looking to Permian, Duvernay and Vaca Muerta for Onshore Growth

Chevron Looking to Permian, Duvernay and Vaca Muerta for Onshore Growth

Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon.  Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity…

March 11, 2021
Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential

Legislation, Infrastructure Said Needed to Unleash Brazil, Argentina Natural Gas Potential

Argentina through its Vaca Muerta formation and Brazil with its vast offshore pre-salt reserves, could become major players in international natural gas markets, but much needs to happen before this can occur, experts said this week. In a panel discussion at CERAWeek by IHS Markit on Wednesday, Argentina’s Pan American Energy CEO Marcos Bulgheroni said…

March 4, 2021
More Action Said Needed to Jumpstart Argentina’s Natural Gas Production

More Action Said Needed to Jumpstart Argentina’s Natural Gas Production

Argentina’s government has shown its willingness to boost domestic natural gas production, but an analysis by Wood Mackenzie suggested more might be needed to spur output from operators. In December the national government handed out 23 contracts for 67.42 million cubic meters/day (MMm3/d), or 2.38 Bcf/d, as part of a tender scheme called “Plan Gas…

March 2, 2021
Argentina’s Vaca Muerta Oil Production on Course for Record Year

Argentina’s Vaca Muerta Oil Production on Course for Record Year

Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…

February 4, 2021
Vaca Muerta Oil Production Hitting Record Levels, but Natural Gas Still Lagging

Vaca Muerta Oil Production Hitting Record Levels, but Natural Gas Still Lagging

Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…

February 3, 2021
Argentina Natural Gas Production Down 13% in October

Argentina Natural Gas Production Down 13% in October

Natural gas production in Argentina fell by 12.9% year/year in October to 121.9 million cubic meters/day (MMm3/d), or 4.3 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Production was down from 4.37 Bcf/d in September.  Analysts attributed the drop to restrictions in place because of the coronavirus pandemic. Argentina has had…

December 30, 2020
Argentina to Award Natural Gas Tenders in Mid December

Argentina to Award Natural Gas Tenders in Mid December

Argentina is scheduled to announce the winners of bids in the natural gas tender program on Dec. 15, according to Energy Secretary Darío Martinez. Winning companies are to be judged based on a “mechanism that guarantees transparency and competitiveness between producers,” according to Martinez. The aim of the tender program is to reverse falling natural…

December 2, 2020
Argentina Natural Gas Production Down 11% in September

Argentina Natural Gas Production Down 11% in September

Natural gas production in Argentina fell by 10.9% year/year in September to 122.8 million cubic meters/day (MMm3/d), or 4.37 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Production was down from 4.38 Bcf/d in August.  Analysts attributed the drop to restrictions in place because of the coronavirus pandemic. Argentina has had…

November 17, 2020
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