YPF is set to sustain robust capital expenditure in Argentina’s Vaca Muerta shale basin throughout 2026 despite potential declines in oil prices, underpinning President Javier Milei’s plan to transform the country into a global energy exporter. Alongside upstream growth targets, YPF is progressing a $14 billion liquefied natural gas export venture with international partners, signaling […]
Repsol aims to significantly expand its Venezuelan hydrocarbon production by more than 50% in 2026 and triple output by 2029, leveraging recent U.S. Treasury licenses that ease operational restrictions. This expansion aligns with a broader normalization of Venezuela’s oil sector and represents a strategic push amid improving regulatory frameworks and international oversight. Repsol currently produces
Repsol faces a significant outstanding debt of €4.55 billion from Venezuela but is preparing to ramp up its oil production by over 50% within the next 12 months following renewed US operational authorizations. The company aims to triple its Venezuelan output in three years, leveraging improved geopolitical conditions and close collaboration with local and US
Repsol has lowered its net asset exposure in Venezuela to €276 million at the end of 2025 amid improved geopolitical conditions following US military intervention and sanctions easing. The company aims to increase crude production over 50% this year with a longer-term goal to triple output within three years, capitalizing on recent US-issued licenses allowing
Repsol has reduced its equity exposure in Venezuela to €276 million as of end-2025, down from €504 million at the close of 2024. Following the U.S. government’s significant easing of sanctions and issuance of new energy sector licenses in February 2026, Repsol plans to ramp up crude production by over 50% this year. The company
The Chubut provincial government has formally demanded that YPF clarify its plans and resume investments in the Manantiales Behr oil field, threatening to revoke the concession if delays continue. The stalled transfer process and operational inactivity have raised serious concerns about production levels, provincial revenues, and local employment. The government of Chubut notified YPF of
The Chubut provincial government has formally demanded that YPF clarify and reactivate investments in the Manantiales Behr oilfield, warning the company that failure to restore production and uphold commitments may lead to revocation of the concession. Multiple contenders, including Grupo Rovella and others, are positioning to assume operations as uncertainty continues to impact local employment
Chubut Government Issues Ultimatum to YPF Over Manantiales Behr Operational Paralysis Read Post »
YPF finalized the sale of the Manantiales Behr conventional oil field to Pecom, reinforcing its strategic shift toward shale development in Vaca Muerta. Following the failed acquisition attempt by Rovella Capital, Pecom’s expansion boosts its position as Argentina’s second-largest heavy crude producer, signaling intensified portfolio optimization in the country’s oil sector through 2026 and beyond.
YPF sells Manantiales Behr oil field to Pecom amid strategic focus on Vaca Muerta Read Post »
Argentina is advancing the construction of the largest gas fractionation plant in the country within the Argentina LNG project in Río Negro. This facility will significantly boost the region’s industrial profile by processing associated liquids from Vaca Muerta gas fields, capturing higher value components like propane, butane, and natural gasoline. The plant is designed for
