Tag: YPF

YPF to drill three exploratory wells in the Palermo Aike formation

The oil company has signed a commitment with the province of Santa Cruz to drill three exploratory wells this year in the unconventional hydrocarbon formation Palermo Aike

Vaca Muerta sets record activity in May

Vaca Muerta achieved a new record level of activity in May, according to industry sources. The number of fracture stages in Vaca Muerta during the fifth month of the year reached 2,588

YPF expects to complete divestment from mature fields by Q3

Argentina’s state-controlled oil company YPF expects to complete its divestment from mature conventional production fields by the third quarter of 2025, CEO Horacio Marín said

Vaca Muerta energy reserve breaks new activity record in April

The number of fracturing stages reached 2,214 during the fourth month of the year, according to a report from the Fundación Contactos Energéticos

YPF cuts gasoline, diesel prices by 4%

YPF, the leading company in Argentina’s fuel market with over 50% share, has announced an average 4% reduction in gasoline and diesel prices nationwide

YPF: Vaca Muerta can still be developed even with lower oil prices

“At YPF, we’re on the path to becoming an unconventional company, which allows us to be resilient in the face of low crude prices,” said YPF CEO Horacio Marín

YPF expands with four new areas in Vaca Muerta

The Argentine state-controlled oil company has acquired four new oil and gas concessions in the massive Vaca Muerta shale formation and plans to invest $12.9 billion for large-scale development

Chevron and Shell join key Argentine pipeline project

U.S. oil giant Chevron and Anglo-Dutch company Shell will join as partners in the consortium building the Vaca Muerta Sur pipeline, a project that will boost Argentina’s crude oil exports

YPF: EBITDA grows 15% in 2024 to USD 4.654 billion

The Argentine state oil company YPF said it closed 2024 with solid results. Adjusted EBITDA (earnings before taxes) grew by 15%, totaling $4.654 billionc

Vaca Muerta achieves record activity in 2024

The number of fracturing stages totaled 17,796 throughout 2024 in Vaca Muerta. This figure surpasses the previous record set in 2023 by 20.6%, which saw 14,747 fracturing stages