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Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
Argentina poised to surpass record oil production
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Outlook 2025: The importance of ensuring a just transition for developing nations
While the global energy transition is essential for reaching net zero, it is equally important that less-developed countries are allowed to realise the benefits of their hydrocarbon resources
The changing face of Argentina’s upstream
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Argentina opens up to international investors
The controversial trimmed down version of the ‘omnibus bill’ promises to attract more foreign investment to sectors including oil and gas, but critics raise concern it still goes too far
Argentinian tax row casts shadow over upstream
Clash between federal and regional governments escalates as Chubut calls for supply disruption unless demands are met
Venezuela casts shadow over Guyana’s bright oil future
But 1m b/d production could be just a few years away if geopolitical risks subside
Argentina Guyana ExxonMobil
Ryan Stevenson
18 June 2019
Follow @PetroleumEcon
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Big names bid in Argentina's offshore auction

Some of the world's biggest oil companies get involved in Argentina's first offshore licensing round in almost three decades

Argentina is attempting to emulate the recent offshore advances made by Latin American neighbours such as Brazil and Guyana, while also looking to replicate the US shale boom in the Vaca Muerta. The country's first offshore bid round for 30 years closed on 16 April and attracted bids worth $995mn from some of the world's biggest E&P companies. In the end, 13 firms bid for 18 of the 38 blocks that were auctioned. ExxonMobil, Norway's Equinor, Shell, Total and BP were among those that acquired acreage in the auction. The uniqueness of the round played a part in attracting interest, with many of the bidders identifying it as a window of opportunity that might not come around again soon. Jim

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