Argentina News


Pemex, ExxonMobil ink agreement

Oct 02, 2014

Furthering its flurry of activity after Mexico’s landmark energy reform, Petroleos Mexicanos (Pemex) and ExxonMobil signed a preliminary deal to establish dialogue and jointly analyze both upstream and downstream business opportunities. Pemex…

Pemex signs MoUs with Petronas, YPF

Sep 30, 2014

Mexico’s Petróleos Mexicanos (Pemex) has signed agreements with Malaysia’s Petroliam Nasional Berhad (Petronas) and with Argentina’s YPF, to take advantage of new opportunities opening through Mexican energy reform. Heads of the three national oil companies met last week in Cancún…

Mercuria forms JV with Pemex to import US gas

Aug 14, 2014

Mex Gas Supply (MGS), a subsidiary of Mexico's Petroleos Mexicanos (Pemex) has a formed an alliance with Switzerland’s Mercuria, financed by JPMorgan.to import US-sourced natural gas. On 8 August, Geneva-based Mercuria Energy Trading…

Petrofac announces new VP

Jul 24, 2014

Pedro Vergel joins Houston-based Petrofac Training Services (PTS) as vice president of the Western Hemisphere for Petrofac Training, a newly-created role. Vergel will be responsible for PTS operations in Europe and the Americas as the…

Proppant market forecast, 2014 - 2024

Jul 08, 2014

Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…

Repsol divests final YPF stake

May 16, 2014

Last week, Spain's Repsol sold its remaining 12% stake in Argentine oil giant YPF SA for US$1.25 billion, and YPF's stock price jumped 10%. The Spanish oil company controlled a majority of YPF after it was privatized in the late '90s…

Excelerate completes 500th ship-to-ship LNG transfer

Dec 23, 2013

Excelerate Energy L.P. completed its 500th commercial Ship-to-Ship (STS) transfer of LNG on September 23, 2013 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy’s regasification vessel, Exemplar and the conventional LNG carrier SCF Arctic…

Total sanctions field development in Tierra del Fuego, Argentina

Oct 24, 2013

Paris-based Total today announced that it has made the final investment decision to develop the Vega Pleyade field offshore Tierra del Fuego, Argentina. Total, as operator with 37.5% working interest, will develop both natural gas and condensate…

Nations may designate two Antarctic Marine Protected Areas

Jul 12, 2013

A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…

New CEO for Shell announced

Jul 09, 2013

Royal Dutch Shell’s downstream director is to take over from Peter Voser as chief executive of the company, starting January 1, 2014. Ben van Beurden, 55, a Dutch national, graduated with a Master’s Degree in chemical engineering from Delft University of Technology…

Busch Brazil opens pump factory

Jun 19, 2013

Vacuum pump, blower and vacuum systems manufacturer Busch inaugurated a new factory in Jarina, 50km north of Sao Paulo, Brazil. In the presence of the Mayor of Jarina and 280 invited guests, the new factory was officially opened by Dr Karl Busch…

Tenaris to build US sucker rods mill

May 15, 2013

Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…

Basement reservoirs

Mar 28, 2013

Basement reservoirs have been exploited for decades. However, since the mid-1990s, there has been increasing interest following major discoveries in Vietnam and Yemen, combined with the creation of new downhole tools, seismic technics and improved drilling technologies…

NCS Survey grows AUV fleet

Jan 29, 2013

The Aberdeen company acquires two Gavia AUVs Two Gavia AUVs delivered to NCS SurveyNCS Survey has expanded its growing autonomous underwater vehicle (AUV) fleet with the purchase of two Teledyne Gavia AUVs.These vehicles are the latest…

M&A rebound to extend into 2011

Mar 02, 2012

Merger and acquisition activity in the oil & gas industry rebounded in 2010, up 35% over the previous year, Ernst & Young said last month. Global transaction value hit $270 billion last year, up from about $200 billion in 2009, the company said…

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