Argentina News


Eni Names CFO

Aug 03, 2020

Italian oil and gas company Eni has named Francesco Gattei as its Chief Financial Officer.In 2019, Gattei moved to Houston to become Eni's Upstream Director of the Americas, managing the E&P business in the USA, Mexico, Venezuela, and Argentina…

Exmar Slams 'Unlawful' Tango FLNG Force Majeure by YPF

Jun 26, 2020

Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.According to Exmar, YPF claims that effects…

Hokchi Terminates Grupo R Jack-Up Rig Deal Early

Jun 05, 2020

Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has terminated the charter of Grupo R's jack-up rig Cantarell III earlier than originally planned.Having arrived from Singapore earlier this year, the newbuild offshore drilling…

Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says

May 11, 2020

Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish OEM’s grid-connected capacity of 11…

Hokchi Charters Cantarell III Jack-Up Rig

Jan 31, 2020

Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has chartered the recently delivered jack-up rig Cantarell III from Grupo R for operations offshore Mexico.As reported previously the Cantarell III jack-up drilling unit arrived…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…

Shearwater Adds 2nd for TGS Survey

Nov 21, 2019

The marine geophysical services company Shearwater GeoServices has expanded the Malvinas 3D multi-client seismic program offshore Argentina from one to two vessels.The expansion adds 5-months of work, bringing the total project to 11-vessel months…

ION Bags 3D Multi-Client Program in Argentina

Oct 30, 2019

ION Geophysical Corporation,  the provider geophysical technology, services and solutions to the global oil and gas industry, announced a new 3D multi-client program in Argentina's Neuquén Basin.ION is nearly tripling the size of its Vaca Muerta program to 25…

Equinor Eyes Brazil Natural Gas Infrastructure

Oct 22, 2019

Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years.Natural gas is considered both a promising opportunity and a vexing problem in Brazil…

Schlumberger CEO Outlines Digital Strategy

Sep 04, 2019

Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns…

Equinor, YPF Partner in Argentina Offshore

Aug 21, 2019

Norwegian energy company Equinor has taken a 50% stake in Argentina's largest offshore block as part of its collaboration with the South American country's state-controlled oil firm YPF.Equinor said on Wednesday it has signed a preliminary agreement…

Eni Secures Offshore Argentina Block

May 21, 2019

The Argentinian authorities have officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium.An Eni-led consortium wins an exploration license of offshore block MLO 124 from the  authorities, said a press release…

Argentina Grants Offshore Exploration Permits

May 17, 2019

Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the country in the Malvinas West basin to companies including Exxon Mobil Corp, Total SA, YPF SA and Royal Dutch Shell Plc, the government said on Friday…

Day Rates to Rise 15% for Working Rigs by 2021

May 17, 2019

The offshore oil and gas industry appears to be in a fragile recovery, according to research consultancy Westwood Global Energy Group.Oil prices are expected to remain between $60/bbl and $80/bbl into the early 2020s before rising, and offshore spending between 2019 and 2023 is projected to hit $1…

Pemex Requests $8bn Loan Amid Heavy Uncertainty

May 16, 2019

Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing…

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