SUBSCRIBE
PROFILE

Argentina faces lack of investment

In Argentina, activity levels are at their highest in the main oil and gas producing region.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

In Argentina, activity levels are at their highest in the main oil and gas producing region. However, inadequate facilities and transportation limit growth.

Declining production

In Argentina, the Vaca Muerta shale-producing region in the province of Neuquen needs more equipment. In particular, the region needs drilling rigs and hydraulic fracturing equipment to continue its growth. YPF, Tecpetrol and PanAmerican Energy also need pipelines.

According to the state-owned oil company YPF, Argentina’s gas production amounts to 132 million cubic meters per day. This is down from the 2004 peak of 142 million cubic meters per day. In addition, crude oil production this year amounted to 559,000 b/d, compared to 847,000 b/d in 1998.

Necessary investments

The province could double its crude oil production and increase its gas production by 2030. This increase in production would require an additional $7 billion to be spent on drilling. In addition, $12 billion would be needed in infrastructure.

This year, construction will begin on a gas pipeline connecting Vaca Muerta to the northern centers. Thus, next year, this pipeline will eliminate this bottleneck effect. In addition, exports through another pipeline to Chile would help solve transportation problems.

  • Popular on energynews.pro
ZimZam 2025 mobilises energy players to accelerate regional integration
ENGIE secures 31GWh/year of biomethane from CVE Biogaz in Ludres
Venture Global sinks 20% after legal defeat to BP over LNG contract dispute
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
The European Union ensures gas security for winter despite halt in Russian supplies
Washington targets Iranian oil with new sanctions on phantom fleet
The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.
Les deux Soudans scellent un accord pétrolier malgré l’ombre des milices
Khartoum et Juba annoncent un mécanisme commun pour protéger les oléoducs transfrontaliers, sans clarifier le rôle des forces armées non étatiques qui contrôlent une partie des installations.
Namibia and McDermott join forces to train future oil workforce
The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.
Nigeria inaugurates its first publicly funded floating oil terminal
Nigeria deploys a 2.2 million-barrel floating storage unit funded by public investment, strengthening sovereignty over oil exports and reducing losses from theft and infrastructure failures.
Bill C-5 fuels uncertainty over the future of pipelines in Canada
Despite open statements of dialogue, the federal government maintains an ambiguous regulatory framework that hinders interprovincial oil projects, leaving the industry in doubt.
Pembina Pipeline raises $225mn to redeem its Series 9 preferred shares
Pembina Pipeline Corporation has completed a $225mn subordinated note offering to fund the redemption of its Series 9 preferred shares, marking a new step in its capital management strategy.
Sintana Energy acquires Challenger Energy to strengthen offshore assets in Africa
Canada’s Sintana Energy acquires Challenger Energy in a $61mn all-share deal, targeting offshore exploration in Namibia and Uruguay. The move highlights growing consolidation among independent oil exploration firms.
Exxon restarts catalytic cracking unit in Beaumont after technical failure
The 120,000-barrel-per-day catalytic cracking unit at the Beaumont site resumed operations after an unexpected shutdown caused by a technical incident earlier in the week.
Jihadist attacks resume in Palma, threatening TotalEnergies’ gas project in Mozambique
A jihadist attack targeted Palma, a strategic area in northern Mozambique, marking a return of insecurity near TotalEnergies' suspended gas project since 2021.
Fermi America secures firm gas supply from Energy Transfer for HyperGrid campus launch
Fermi America has signed an agreement with Energy Transfer to secure a firm natural gas supply for powering Phase One of its HyperGrid energy campus, dedicated to artificial intelligence, near Amarillo, Texas.
Rockpoint Gas Storage raises C$704mn in Canadian IPO
Rockpoint Gas Storage priced its initial public offering at C$22 per share, raising C$704mn ($515mn) through the sale of 32 million shares, with an over-allotment option expanding the transaction to 36.8 million shares.
Sudan and South Sudan sign agreement to secure oil infrastructure
An agreement was reached between Khartoum and Juba to protect key oil installations, as ongoing armed conflict continues to threaten crude flows vital to both economies.
Algeria signs two oil assessment agreements with Petrogas E&P
Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.
Chinese refineries cut Iranian crude purchases by 46% in September
Import quotas exhaustion and falling demand push Chinese independent refineries to sharply reduce Iranian crude volumes, affecting supply levels and putting downward pressure on prices.
US sanctions hit NIS, a key player in Serbia’s oil market
Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
Chevron appoints former TotalEnergies executive to lead African exploration
US-based Chevron appoints Kevin McLachlan, a veteran of TotalEnergies, as its global head of exploration, in a strategic move targeting Nigeria, Angola and Namibia.
Lycos Energy sells assets for $60mn and redistributes $47.9mn to shareholders
Lycos Energy finalises the sale of its Alberta assets for $60mn, planning an immediate $47.9mn cash distribution to shareholders and the launch of a share buyback programme.
Tailwater raises $1.1bn to strengthen Producers Midstream and support its expansion
Tailwater Capital secures $600mn in debt and $500mn in equity to recapitalise Producers Midstream II and support infrastructure development in the southern United States.
Well-filled gas reserves could save Germany €25 billion in losses
An economic study reveals that Germany’s gas storage levels could prevent up to €25 billion in economic losses during a winter supply shock.
Russia increases oil production and nears OPEC+ quota
Russian oil output moved closer to its OPEC+ allocation in September, with a steady rise confirmed by Deputy Prime Minister Alexander Novak.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.