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’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

The oil company said in a statement that it will lower its fuel prices starting on October 1, although a tax increase and the devaluation of the peso will limit the impact on retail prices

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

In June, activity in the formation was once again led by YPF, with a total of 886 fractures. They were followed by Argentina’s Vista with 226 fractures and the U.S. company Chevron with 208 fractures

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

YPF will face “macroeconomic stress” and regulatory framework changes this year, according to a report released by the credit rating agency Moody’s on Latin American state-owned enterprises

The number of fracking stages – a technical measure of activity in unconventional reservoirs – reached 1,643 in the third month of this year in Vaca Muerta, according to a report from the Energy Contacts Foundation

The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

Argentine state oil company YPF stated it posted a net loss of 1.165 billion dollars in the second quarter of the year, its worst quarterly loss on record, due to the negative impact of the coronavirus pandemic