Archer has won a two-year drilling contract, plus a one-year option, from Vista in Argentina’s Vaca Muerta shale play. The deal is worth an estimated $35 million to $40 million over the full term, including the option year, and adds Vista to Archer’s customer base in Argentina. Archer will deploy its AC drilling rig DLS-156 […]
Jumbo Offshore has completed its transport and installation scope for the Vaca Muerta Oil Sur (VMOS) project in Argentina. The project is a new oil export terminal near Punta Colorada that will be linked to the Vaca Muerta formation by a 437-km (272-mi) pipeline. Under contract to Altius S.A., Jumbo used its DP2 heavy-lift vessel […]
Harbour Energy averaged a record 501,000 boed over the first nine months of the year, up 6 percent from a year earlier, and lifted full-year production guidance to 500,000-505,000 boed from 490,000-500,000 boed on strong operational performance and the integration of LLOG in the U.S. and Waldorf in the UK. Third-quarter production was 484,000 boed, […]
Laredo Oil Inc. has signed a non-binding letter of intent (LOI) with an unnamed Argentine oil operator to evaluate the potential commercial deployment of its Underground Gravity Drainage (UGD) technology at selected oil fields in Argentina.
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.