• 9 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 11 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 13 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 14 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 16 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 17 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 3 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 4 days Husky Energy Set To Restart Pipeline
  • 4 days Russia, Morocco Sign String Of Energy And Military Deals
  • 4 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 5 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 6 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 6 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 6 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 7 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 7 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 7 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 7 days Kurdish Independence Could Spark Civil War
  • 7 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 7 days The Capital Of Coal Is Looking For Other Options
New Tech Is Transforming Japan’s Energy Sector

New Tech Is Transforming Japan’s Energy Sector

The tech that built bitcoin…

Trump Just Made Iran A Wildcard

Trump Just Made Iran A Wildcard

The impact of Trump’s decision…

Argentina’s Largest Oil Company Joins Colombia’s Oil Rush

Argentina’s Yacimientos Petrolíferos Fiscales, the country’s largest oil company, is investing in Colombia. YPF SA has agreed to partner for exploring for oil in Colombia with Canada’s Alange Energy Corp., as investors increasingly target Colombia on the possibility of it becoming South America’s third largest producer of oil after Venezuela and Brazil.

Buenos Aires-based YPF will take a stake in an exploration venture at the Catguas oil block in eastern Colombia in addition to spending as much as $23 million to explore and develop its Carbonera natural gas concession as well, and is considering jointly exploring and developing other Argentinean concessions, Mercosur Press reported.

Expanding its western hemispheric horizons, YPF also plans this year to start drilling off the coast of Guyana to tap new reserves amid concerns about Argentina’s aging fields.

Besides developing projects in neighboring countries, Argentina has been assiduously exploring its indigenous energy reserves. Neuquen province governor Jorge Sapag said that if his province could locate about $2 billion in natural gas investments, then Argentina wouldn’t need to import liquefied natural gas from Qatar.

Once a net natural gas exporter, beginning in 2004 Argentina began gas imports when rising domestic demand surpassed the country’s declining output, securing foreign gas supplies from Bolivia and Trinidad and Tobago.

Sapag noted that Argentina’s YPF SA intends to invest $600 million - $1 billion to prospect for hydrocarbons in Neuquen through the end of 2012.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News