Eni has signed a memorandum of understanding (MOU) with YPF to explore potential participation in the Argentina LNG (liquefied natural gas) project. The MOU was signed by Eni’s CEO, Claudio Descalzi, and YPF president and CEO Horacio Daniel Marín. The MOU outlines collaboration on the development of upstream, transportation and liquefaction facilities through two floating...

Argentina’s energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said. YPF has exploration rights in seven offshore areas, six off...

Norwegian oil and gas firm Equinor is looking to sell its onshore assets in Argentina’s Vaca Muerta region, the Mas Energia online publication reported, citing unnamed sources. Equinor has hired Bank of America to conduct the sale of its 30% stake in the Bandurria Sur licence and 50% in Bajo del Toro Norte, though no...

We are very proud to announce that PARANA Logistica SA has been awarded a contract to support a 3D seismic survey offshore Argentina covering blocks MLO_123 and MLO_124 on West Malvinas basin. Following PARANA Logistica SA’s good performance in 1Q 2024 for another seismic company, our 𝘼𝙏𝙇𝘼𝙉𝙏𝙄𝘾 𝘿𝘼𝙈𝘼 will be engaged again as chase/guard vessel...

TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan American Energy (25%). With...

Wintershall Dea’s shareholders BASF and LetterOne signed a business combination agreement with Harbour Energy in December 2023 to transfer all of the German player’s E&P business, consisting of its production and development assets and exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn), as well as its...

Golar LNG has entered agreements with Pan American Energy (PAE) covering a 20-year deployment of a the FLNG Hilli vessel offshore Argentina. This will liquefy gas produced from the Vaca Muerta Shale formation in the onshore Neuquina Basin, with LNG exports set to start in 2027. The arrangements include a sales agreement for the supply...