Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Neuquen province"


4 mentions found


SALLIQUELO, Argentina, July 9 (Reuters) - Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country's significant energy deficit. It has the second unconventional gas reserves worldwide and the fourth in oil. The completion of the first stage of the gas pipeline, which starts in Neuquen province and reaches Buenos Aires province, adds 11 million cubic meters of gas per day. This will double when the compression plants are installed in Tratayen, in Neuquen province, and in Salliquelo, in Buenos Aires province. "We are no longer going to import gas in ships because we are going to use the gas from our subsoil."
Persons: Vaca Muerta, Sergio Massa, " Massa, Agustin Gerez, Candelaria Grimberg, Eliana Raszewski, Anna, Catherine Brigida, Diane Craft Organizations: Energia Argentina, Thomson Locations: SALLIQUELO, Argentina, Vaca, Santa Fe, Buenos Aires, Belgium, Patagonia, Neuquen province, Tratayen, Salliquelo, San Jeronimo
Companies Chevron Corp FollowJune 9 (Reuters) - U.S.-based oil major Chevron (CVX.N) will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina's economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. Last year, Neuquen officials granted Chevron a concession for shale production in the area, with what the company said at the time would be a pilot stage investment of about $80 million. The Vaca Muerta shale formation is the world's fourth-largest shale oil reserve and the second largest for shale gas. Oil companies operating in the formation have been ramping up output from Vaca Muerta in recent months, which officials hope can eventually reverse the country's longstanding energy deficit.
Persons: Sergio Massa, Vaca Muerta, Carolina Pulice, David Alire Garcia Organizations: Chevron Corp, Chevron, South, Thomson Locations: Chevron, Neuquen, South American, Vaca
[1/4] Workers stand next to a drilling rig in Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina November 3, 2022. It holds the world's second-largest shale gas reserves and the fourth-largest shale oil deposits. Reuters Graphics'ABOUT TO COLLAPSE'On the ground in the key Vaca Muerta shale town of Anelo the signs of strain are clear. Local and regional demand is not enough," said Ricardo Markous, president of Tecpetrol, which operates the huge Fortin de Piedra field in Vaca Muerta. There are currently around eight active fracking crews in Vaca Muerta compared to nearly 280 in the United States, Rystad said.
Companies Ypf Sa FollowBUENOS AIRES, Dec 2 (Reuters) - Argentina's YPF (YPFD.BA) could make a return to debt markets next year, a company source said on Friday, as the state energy firm looks to spur growth in the country's huge Vaca Muerta shale region. YPF leads development of Vaca Muerta, a Belgium-sized formation in Patagonia's Neuquen province, which could in a few years help the country reverse a multi-billion dollar energy deficit and become a net energy exporter, analysts say. YPF is likely to invest a bit over $5 billion next year, up from $4.1 billion this year, according to the source. Looking to benefit from gas exports, YPF in September signed a deal with Malaysia's Petronas to advance a new pipeline set to link Vaca Muerta with a liquefied natural gas (LNG) plant. "Once the law is in place, the confidentiality agreement ends and the two parties will meet with the Vaca Muerta gas producers."
Total: 4