Argentina News


UN Deep-sea Mining Rules Unlikely to be Completed by 2023 Deadline, Latam Countries Say

Oct 28, 2021

Regulations governing deep-sea mining will take longer to finalize due to the global pandemic, a group of Latin American countries said, creating uncertainty for companies looking to mine the sea bed for metals, including cobalt and nickel.The…

Wintershall Dea Q3 Earnings More than Double on Higher Prices, Spending cuts

Oct 26, 2021

Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…

Higher Oil Prices, Lower Spending Boost Wintershall Dea's 2Q Result

Jul 27, 2021

Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday.The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest…

Argentina Seeks Sanctions Against Oil Firms Drilling Near Disputed Falklands

Jul 07, 2021

Argentina's government has launched a process to sanction a number of foreign firms it accuses of illegally drilling for oil in a disputed area near the British-run Falkland Islands, over which the South American country also claims sovereignty…

Excelerate's FSRU Starts Operations in Argentina's Bahia Blanca

Jun 03, 2021

Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires.The Exemplar, with a storage capacity of 150,900 m3…

Wintershall Dea Q1 Operating Profit Jumps 47%

Apr 27, 2021

Wintershall Dea posted a jump in first-quarter financial results thanks to record production and recovering oil and gas prices, the German-Russian producer said on Tuesday.Its earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX)…

Shell Farms Into Offshore Block in Argentina

Jan 14, 2021

Oil and gas giant Shell has agreed to farm into the CAN 100 block, offshore Argentina, currently jointly owned by the Norwegian energy firm Equinor and Argentina's YPF.In October 2019, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship…

PGS to Reprocess Uruguay's Exploration Data

Jan 12, 2021

Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…

Bahia Grande to Keep Solstad Offshore Vessel Until Oct. 2026

Dec 21, 2020

Norway-based offshore vessel owner Solstad Offshore said Monday it has secured a contract extension for one of its vessels in Argentina.The contract extension is for the construction support vessel Normand Commander, with Bahia Grande LN S.A…

Exxon Takes $20B Writedown. Puts Focus on Brazil, Guyana, Permian

Dec 01, 2020

Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest-ever impairment, and slash project spending next year to its lowest level in 15 years.The oil major is reeling…

TGS in Argentina, Brazil Offshore Surveys

Nov 20, 2020

Norwegian oil and gas seismic data company TGS has returned to Argentina to complete the previously announced Malvinas 3D Multi-Client offshore survey, and has also announced two new surveys in Brazil.In Argentina, TGS has earlier this week…

Exmar, YPF Settle Dispute, Terminate Tango FLNG Charter

Oct 20, 2020

Belgium-based shipowner Exmar has settled a dispute over the charter of the Tango FLNG with Argentinian energy firm YPF, that will see the FLNG charter terminated in exchange for a settlement fee.To remind, YPF in June sent a force majeure notice to Exmar…

Mexico: Pemex, Hokchi in Talks Over Shared Offshore Reservoir

Sep 03, 2020

Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday.The ministry said Pemex…

TGS Resumes Seismic Survey Offshore Argentina

Aug 05, 2020

Norwegian seismic data provider TGS on Friday announced a return to Argentina to complete the previously announced 17,800 square kilometer Malvinas 3D Multi-Client survey. The acquisition is set to restart in Q4 2020 on what TGS said was a 'highly- funded survey…

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