Gulf Oil and Gas accountACCOUNT

Argentine Province to Auction Six Vaca Muerta Oil & Gas Blocks

Source: Reuters 12/24/2016, Location: South America

Share |
Gas y Petroleo del Neuquen SA (GyP), the oil and gas company owned by Argentina's Neuquen province, plans to auction exploration rights to six blocks in the Vaca Muerta shale play, local media reported.

Company representatives will travel to Dallas in January to drum up interest from U.S. independent exploration and production companies for the auction, GyP President Alberto Saggese told Argentine newspaper Rio Negro.

Vaca Muerta, one of the world's largest shale formations, has attracted investment from Exxon Mobil Corp and Chevron Corp, but remains largely unexplored. Argentina's government has sought foreign investment in Vaca Muerta to drive economic growth and overcome an energy deficit.

Oil Shale News in Argentina >>

Bolivia >>  1/16/2017 - President Oilfield Fiscales Bolivianos (YPFB), William M. Acha and president of YPF, Miguel Angel Gutierrez, signed the Oilfield Services Contract for...
Mexico >>  1/11/2017 - Renaissance Oil Corp. (Renaissance) (ROE) is pleased to announce that PJSC LUKOIL, one of the world’s largest oil producers, has chosen Renaissance as...

Argentina >>  1/10/2017 - The President of the Nation, Mauricio Macri, announced an important agreement with the province of Neuquen, the companies and the oil unions to promot...
Brazil >>  1/4/2017 - Brazil’s liquids supply is expected to average 3.14 mb/d in 2016, an increase of 0.08 mb/d over the previous year. Preliminary crude oil production sh...

Chile >>  1/4/2017 - Fluor Corporation (FLR) announced that it was awarded a contract by Empresa Nacional del Petroleo (ENAP) for the engineering, procurement and construc...
Brazil >>  12/29/2016 - In Brazil, GDP contracted by 2.9% y-o-y in 3Q16 following declines of 5.4% and 3.6%, respectively, in 1Q16 and 2Q16. The slowing pace of private consu...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Argentina Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Argentina >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.