Argentina’s state oil firm YPF, opens new tab expects to increase shale oil production by 30% to 40% next year, the company’s CEO Horacio Marin said

Argentina inaugurated the reversal of the Gasoducto Norte pipeline, which will now supply northern and central Argentina as well as allow exports to Brazil from Vaca Muerta

The company, led by Miguel Galuccio, will invest between $1.1 billion and $1.3 billion in 2025 to achieve this production level by connecting 60 new wells and will announce a new long-term strategic plan next year

Argentina’s Chief of Staff, Guillermo Francos, mentioned that YPF will sign the agreement with one of the world’s largest companies, valued at $140 billion. The contract will span 20 years

Tecpetrol, the Argentine company that controls about 15% of the country’s shale gas production, will soon put a new drilling rig into operation at Fortín de Piedra, the company’s CEO, Ricardo Markous, told industry executives in Houston

The Argentine oil company YPF will complete the first stage of a pipeline that will connect the Vaca Muerta formation with Allen in Río Negro in the first quarter of 2025, with a capacity of 350,000 barrels of oil per day

Vista, Argentina’s second-largest unconventional oil and gas operator, plans to invest around $1.1 billion in 2024 to accelerate production in Vaca Muerta, the company’s founder and CEO, Miguel Galuccio said

Although the project and the start and end locations are not yet confirmed, the proposal is gaining momentum as it would reduce investment costs, simplify construction, and provide various benefits to gas transportation

The Argentine government authorized Total Austral, a subsidiary of the French group TotalEnergies, to sell up to one million cubic meters of gas per day to Matrix Energy Participacoes

The blockade lasted more than 24 hours and put the supply at risk in Buenos Aires and other points of the gas consumption network at a time of high demand due to low temperatures