In our second look at Argentina’s oil and gas industry, we examine how a dependency on natural gas has led to a fiscal crisis, and how the potential for shale resources could alleviate this problem and make the country and exporter of hydrocarbons once again.
This week’s article on the Argentine oil and gas industry is devoted to unconventional resources, which, in Argentina’s case mostly means gas.
Late Thursday – after our closing of course – MinMinas published reserves for 2016 and announced that the long-awaited Agreement 2 had been signed.
OK. Maybe ‘smiling’ is too much to ask of a CFO; scowling and grimacing less perhaps. Prices are up; costs are stable; netback is up. What more could a CFO ask for? OK. Maybe even higher prices. More on that later.
Flights to Buenos Aires are busier lately and the reasons have little to do with soccer, tango or media-lunas. So our readers can understand this phenomenon better, we have a two overview articles.
To accompany Part 1 of our series on the Argentine hydrocarbons industry, we have a number of graphs that will illustrate some of the points.
Total incidents near oil and gas infrastructure were up sharply last month (from 22 to 32) but that was mostly due to Armed Forces activity.
Luz Stella Murgas had senior leadership responsibilities in the ANH during the critical period when oil prices started to slide. As such she was involved in many of the initiatives designed to mitigate the impact of the disminution of exploratory activities, production and reserves.
Last December we played ‘Casandra’ and warned not to get too excited by the boost that Brent (and to a less extent WTI) received from an OPEC agreement to reduce production.