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Vaca Muerta led surge in December oil and gas output in Neuquen, Argentina

Neuquen, the most productive oil and gas province in Argentina, saw oil production surge 23.4% to 160,445 b/d in December year on year, led by the development of the giant Vaca Muerta shale play, Governor Omar Gutierrez said. “In 2019, around 30,000 additional barrels per day were produced, allowing us to reach values not reached since 2005,” he said in a statement late Tuesday. The shale oil blocks that posted the most growth included two operated by the country’s state-backed YPF: Bandurria Sur with…

Is Vaca Muerta doomed? In 2 years, renewables will be cheaper than fossil fuels

The cost of renewable energy sources like wind and solar continue to fall drastically, and it was only a matter of time before they were cheaper than fossil fuels. The International Renewable Energy Agency (IRENA) believes that’ll happen by 2020 based on their new report. Prices could be as low as three cents per kilowatt-hour for onshore wind and solar photovoltaic projects over the next two years. Across the board, average costs of producing renewable energy projects have been very competitive.…

Argentina’s past energy imbalance is declining quickly

Argentina has been stepping up export sales of petroleum products to Brazil, Chile, and Uruguay as its production from the Vaca Muerta oil fields surges. Output has shot up 169% year on year to 31 million cu m/d in February, pushing up total production 7.9% to 135 million cu m/d, the latest numbers from the Energy Secretariat show. The secretariat has estimated that production could double to 260 million cu m/d in 2023, meaning that it must find new markets for additional production. As part of this, Argentina…

Jan de Nul Finds Lucrative Side Business Selling Dredged Sand for Argentina’s Shale Push

Sand shoveled out of an Argentina river used to transport soybeans will soon reappear 1,100 kilometers (700 miles) away in the country’s booming shale fields. Tecpetrol SA, part of billionaire Paolo Rocca’s empire, has started buying sand that Belgium’s Jan de Nul hauls from banks on the Parana River to frack for natural gas in Vaca Muerta, a Maryland-sized shale formation in Patagonia. For Jan de Nul, which has been dredging the river since 1995 to make room for soy cargoes, the shale industry is emerging…

Living in Vaca Muerta Shale Fields: the young faces of a new Argentine dream

AÑELO, Neuquén.-“this is Vaca Muerta”. Juan Carlos Pais points his gaze towards a labyrinth of steel pipes installed in the middle of the desert. Giant and colourful, similar to the Pompidou Museum in Paris, the gas compressor plant moans loudly nearby. The engineer, who oversaw Pharaonic works in different parts of the world, feels a special pride for this. “it will be a memorable story. tell them that in Buenos Aires ” This is Vaca Muerta,  rock that sinks to three thousand meters…

The Argentine Oil Industry Review

  The story of Argentina’s handling of its oil sector is stunning in its ineptitude. Argentine’s oil history begins with small-scale exploration in the late 19th century. The first discovery occurred in 1907, near a village on the coast in arid Patagonia, far to the south in a country that’s nearly twice the size of Alaska. Explorers were looking for water. By the early 1900s, the country’s economic growth was taking off, and by the time World War I started, it had catapulted itself…
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