LNG

Argentina’s President-elect Javier Milei has offered the post of President and Chief Executive of state-owned energy company Yacimientos Petroliferos Fiscales (YPF) to Horacio Marín, an industry veteran and shale drilling expert who is a petroleum engineering graduate of the University of Texas.

Argentine state energy company Yacimientos Petroliferos Fiscales (YPF), which has various LNG development and shale gas and oil projects, gave an overview in its latest earnings on the partial recovery from the pandemic of the South American energy market.

TotalEnergies has approved the final investment decision for the Fénix gas development offshore LNG importer Argentina in partnership with Germany’s main oil and gas company Wintershall Dea.

ExxonMobil and Qatar Petroleum are proceeding with a long-term upstream development in Argentina’s Vaca Muerta shale play with plans for 90 wells with a central production facility and pipelines.

Argentina said it would take some time before the nation becomes a global player in the liquefied natural gas export market from shale-gas production because of available volumes and costs as well as finding customers.

Leading LNG exporter Qatar is aiming to secure its position in shale-gas development in Argentina as the Gulf state’s Emir Tamim Bin Hamad Al Thani begins a state visit to the South American nation when energy investments will head the agenda.

Qatar Petroleum, owner of the world’s largest LNG production complex at Ras Laffan in the Arabian Gulf along with minority partner ExxonMobil Corp., has signed an agreement with the US major to purchase a large stake in its shale assets in the prolific Vaca Muerta play in Argentina.

ExxonMobil Corp. said it was launching a project to unlock Argentina’s shale gas in the Vaca Muerta formation of the Neuquen Basin that could lead to a staged development of about 300 horizontal wells with production of 11 million cubic metres per day.