Argentinian Energy Exports Could Reach $50b in 2031
Argentina's energy exports could reach $50 billion per year starting in 2031, driven primarily by sales of liquefied natural gas (LNG), the chief executive of Argentina's state-run oil and gas producer YPF, Horacio Marin, said on Thursday.The executive, who spoke at an energy conference in Houston, said he estimates $130 billion will be invested in the country through 2031 for the development of crude oil, LNG, and transport infrastructure from the…
Equinor Divests Onshore Argentinian Assests in $1.1b Deal
Norwegian oil group Equinor has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for $1.1 billion, it said on Monday, while keeping its offshore assets in the South American nation.Half the payment, or $550 million, will be made in cash upon closing of the transaction, while the rest was split between $325 million in Vista stock, also on completion, and future payments of $225 million, the company said."The consideration includes contingent payments linked to production and oil prices over a five-year period," Equinor said