Argentina is intensifying pressure on companies over offshore oil development around the Falkland Islands as the territory moves closer to first production, reviving a longstanding dispute with the UK.
Argentina’s President Javier Milei threatened to impose sanctions on oil companies drilling near the Falkland Islands, after reiterating his claim that the territory under British control is Argentine.
Eni has expanded its exploration position offshore Uruguay, taking operatorship and a 50% interest in the OFF-5 block while also agreeing to acquire a 40% stake in the adjacent OFF-6 block. Eni formally entered OFF-5 following an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP. The transaction has received approval from […]
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
CoreMarine has completed the disconnection of Golar LNG’s Hilli Episeyo FLNG after eight years of operations offshore Cameroon, clearing the floating LNG vessel for its planned redeployment to Argentina. CoreMarine provided project management, engineering, procurement and offshore operational services for the campaign, developing a disconnection methodology tailored to the facility. The company said the approach was designed to […]
YPF, Eni and XRG have submitted their $51 billion Argentina LNG project for approval under Argentina’s Large Investment Incentive Regime (RIGI), advancing plans to develop Vaca Muerta natural gas for large-scale LNG exports.
U.S. shale pioneer Harold Hamm is moving to expand his footprint in Argentina’s Vaca Muerta oil basin, home to the world’s fastest-growing shale boom, according to people familiar with the matter. Hamm’s Continental Resources Inc. is set to compete for shale blocks in an auction managed by Neuquen province where the lion’s share of Vaca Muerta acreage is located, […]
Eni SpA and Abu Dhabi National Oil Co PJSC’s international investment arm, XRG PJSC, have signed agreements to each acquire a 32 percent ownership in three blocks in Argentina’s Vaca Muerta gas shale. The South American country’s state-controlled YPF SA, which has assumed full ownership of the Aguada Villanueva, Las Tacanas and Meseta Buena Esperanza […]
Eni and XRG have each agreed to acquire a 32% interest in three upstream blocks in Argentina’s Vaca Muerta shale, joining operator YPF in advancing the integrated Argentina LNG project. The agreements cover the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas blocks. Upon completion, which remains subject to regulatory approvals, YPF will retain a 36% interest while Eni and XRG will […]
Pampa Energía has selected Halliburton to support a multi-year digital transformation initiative aimed at improving operational efficiency and supporting production growth across its unconventional assets in Argentina’s Vaca Muerta shale play.