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McDermott received a contract for providing pre-front-end engineering design (Pre-FEED) services for the Vaca Muerta liquefied natural gas facility development from YPF in July 2019. Send your feedback to, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS). Fernández will travel to the remote region, thought to house one of the world’s largest unconventional oil and gas reserves, to officially present the plan on Thursday, the energy secretariat said in a statement. BUENOS AIRES — Argentine President Alberto Fernández is readying a sweeping plan to encourage local producers to increase natural gas production, the government said on Wednesday, hoping to ramp up output from the country’s massive Vaca Muerta shale formation. Short, timely articles with graphics on energy, facts, issues, and trends. Argentina delays Vaca Muerta gas pipeline project due to financial crisis, Market Movers Americas, Oct 26-30: US refinery earnings to shed light on demand recovery, US ELECTIONS: Eying Pennsylvania, Trump officials pound on energy themes, Financial crisis has made borrowing rates 'unreasonable', At least four groups are eyeing the project, More pipeline capacity is needed to further develop Vaca Muerta gas. If you don't see it please check your junk folder. Image courtesy of Shell. This report will impact all industries helping: Yacimientos Petrolíferos Fiscales Sociedad Anónima (YPF), Download our 2019 Technology, Media and Telecoms Predictions Report. Vaca Muerta LNG facility development details. It is geologically comparable to the Eagle Ford Shale in South Texas, and only 4% of Vaca Muerta’s acreage has entered the development phase so far, according to EIA. The other two potential bidders are TGS and Tecpetrol, the biggest gas producer in Vaca Muerta and part of Techint Group, a leading global maker of steel pipes. chris.lenton@naturalgasintel.com, Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. "With a reasonable price of gas and regulations to favor investment, Argentina has the possibility of having more gas than it demands," he said. © 2020 Natural Gas Intelligence. Pilot scale operations have been performed at some of the blocks including Aguada Pichana Este, Rincón La Ceniza and La Escalonada, which demonstrated the long-term feasibility of the unconventional shale oil resources. Mar del Plata, Argentina — The delay is for two reasons, Carlos Casares, the deputy secretary of hydrocarbons and fuels, told S&P Global Platts late Tuesday on the sidelines of the Reserves Production and Development Congress in Mar del Plata, Argentina. Since becoming a net natural gas importer in 2008, Argentina has imported natural gas by both pipeline and as LNG throughout the year. The first is that the construction of an additional section of the pipeline was added to the project, meaning that the bidders needed more time to prepare, he said. Greenhouse gas data, voluntary reporting, electric power plant emissions.

“The aim of the plan is to encourage the growth of gas production in the coming years,” it said, adding the scheme would also push to involve more small firms, boost job numbers and increase value in the domestic production chain.

The facility will promote the Vaca Muerta shale development in the region. Future growth in LNG exports will require additional investments in onshore liquefaction facilities and pipeline infrastructure or the use of additional floating LNG-production vessels. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. YPF has entered partnerships with various companies, including Total, Shell, Wintershall, Equinor, Petronas, Dow Argentina, Petrobras and ExxonMobil to tap the full potential of the vast field. Tango FLNG has an LNG production capacity of 500,000 metric tons (0.07 Bcf/d) and is expected to produce up to eight LNG-export cargoes per year. Exploration and reserves, storage, imports and exports, production, prices, sales. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Vaca Muerta field was discovered in 1918. Credit: Wintershall Dea/Alejandro Kirchuk.

Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency. Natural gas from Vaca Muerta is transported by an existing pipeline network to the port of Bahía Blanca, where it is liquefied at Tango FLNG. info@naturalgasintel.com We ask you to keep your comments relevant and respectful.

Total has already drilled 20 multi-fractured horizontal wells in the tight gas reservoirs, which are in production and connected to the existing Aguada Pichana gas plant. Regulations Total holds interest in 12 blocks in the region, operating five.

As a sign of just how serious Vaca Muerta is now being taken, Fernández said the country’s Energy Secretary, aka its Department of Energy, would move to Neuquén province as part of a “decentralization” push. The deadline has been extended to March 31, 2020, from November 4, the secretariat said in a statement late Tuesday. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. U.S. Casares said these political concerns didn't weigh directly on the decision to extend the bidding deadline for the pipeline project, but he said two potential bidders -- China Gezhouba Group Company and China Petroleum Pipeline Engineering -- expressed concerns about the financial crisis. “We’re convinced that we are investing in Argentina for the country’s development,” Fernández said. Your registration is complete and your account is active. Es un recurso de clase mundial que está cambiando la realidad energética del país a partir de la producción de gas y petróleo no convencional. Argentina's Energy Secretariat extended the deadline for bidding for a $800 million project to build a pipeline for moving natural gas out of Vaca Muerta, a key for increasing output and exports from the country's biggest shale play. This would completely overturn the current economic imbalance of your once great land — that a century ago was considered one of the five wealthiest countries in the world! With the working interest of 41%, Total operates the gas field along with partners including Wintershall Energia, YPF, and Pan American Energy. Mar del Plata, Argentina — Argentina's Energy Secretariat extended the deadline for bidding for a $800 million project to build a pipeline for moving natural gas out of Vaca Muerta, a key for increasing output and exports from the country's biggest shale play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018. Access latest metal news and analysis, conferences and events.

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