The Bolivian state oil company YPFB will invest around 400 million dollars to drill gas wells and build facilities in a recently discovered “mega” natural gas field, the company reported

The President of Bolivia, Luis Arce, announced the discovery of 1.7 trillion cubic feet (TCF) of natural gas in a “mega field” located in the western department of La Paz, making it the “third largest producing field” in the Andean country

In June, activity in the formation was once again led by YPF, with a total of 886 fractures. They were followed by Argentina’s Vista with 226 fractures and the U.S. company Chevron with 208 fractures

China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources

The blockade lasted more than 24 hours and put the supply at risk in Buenos Aires and other points of the gas consumption network at a time of high demand due to low temperatures

Vista, the second-largest unconventional hydrocarbons operator in Argentina, announced that it will import a second fracturing set to accelerate its activity Vaca Muerta

Drilling has begun at the Fénix natural gas field, which is being developed offshore in the Argentine province of Tierra del Fuego in the south of the country, according to a statement from Wintershall Dea

The Brazilian oil company has signed a contract with the multinational Seatrium O&G Americas to acquire two new offshore platforms to expand production in deepwater areas

The oil companies YPF and Compañía General de Combustibles (CGC) have completed the drilling of the first exploratory well in Palermo Aike, the second-largest unconventional hydrocarbon reserve in the country

According to BRICS News, this reserve could contain up to 511 billion barrels of oil, significantly surpassing the North Sea’s production over the last five decades