Echo shares sink 16% after latest fundraiser
Shares in Echo Energy took a dive this morning after the South American oil explorer said it had issued 71.2 million shares.
Argentina
Drilling starts on first of four Argentine wells, Echo says
UK oil exploration firm Echo Energy said drilling had started on the first of four wells it is targeting in Argentina.
Shell to sell downstream business in Argentina in £680million deal
Shell has announced plans to sell its downstream business in Argentina to Raizen for £680million.
Rig en route to three well job for Echo Energy
Echo Energy said today that a rig is on its way to the Fraccion D asset, onshore Argentina, where it will work on three wells.
Argentina to tender shale train to develop Vaca Muerta drilling
Argentina is readying a tender for a $500 million train line that could help unlock the potential of Vaca Muerta, one of the world’s biggest shale plays, Transport Minister Guillermo Dietrich said in an interview.
Vista clinches $700m deal for Argentine oil assets
Mexico’s Vista Oil & Gas has clinched a deal to buy assets in Argentina for $700million.
Echo Energy to begin drilling in Argentina
South and Central American-focussed upstream oil and gas company Echo Energy is to begin drilling in Argentina next month.
Echo shares jump after enlarged share capital admitted
Echo Energy shot up by more than 10% in London this morning after its enlarged share capital was admitted to trading.
Statoil net onshore Argentinian exploration licence
Norwegian energy giant, Statoil, has announced its success within Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round to begin exploration within the Neuquén basin.
Exxon gets approval for offshore Argentina
ExxonMobil has been given approval for the development of a 35-year unconventional exploitation concession offshore Argentina.
President Energy to generate £6m through placing to support Argentine ventures
Leeds-based President Energy said today that it plans to raise £6million ($8million) through a share placing.
Shell finds $1bn buyer for Argentine gas stations, report says
Shell has found a buyer for a chain of Argentine gas stations worth more than $1billion, a news report said.
Schlumberger commits $390m to Argentina shale project
Schlumberger has signed a deal with Argentina’s YPF to start a shale oil pilot project in the South American country.
President bring troubled well back on, frac stimulation planned for others
E&P firm President Energy has brought one of its troublesome Argentinian wells back on stream following a workover.
Shell to spend $300m on Argentina shale project
Shell has struck a preliminary deal with Argentina’s YPF to develop a shale field in the South American country.
Firms sign up for chance to build 196 projects in Argentina
Argentina's Energy Ministry said 89 companies are looking to build 196 projects to generate electricity as the government tries to attract private investment to lift the country out of recession.
President Energy to generate $20m through share placing
South-America focused President Energy plans to raise about $20million (£16.1million) through a share placing.
Argentine asset sales dents Petrobras output
Petrobras’s oil and gas output slipped 1.42% in August following the sale of assets in South American neighbour Argentina, a news report said.
Mild winter slakes Argentina’s thirst for LNG
Argentina is thought to have cancelled a shipment of LNG and delayed three others due to a mild end to winter.
Pan American Energy to invest around $1.4bn in exploring Argentina’s energy reserves
Pan American Energy said it will invest around $1.4billion in exploring and producing Argentina's conventional and unconventional energy reserves.
Shell wins crude tender
Shell (LON: RDSB) has won a tender to sell Nigerian crude cargo to Argentina.
Andes Energia production hike helps 2015 results
Increased production helped South America focused Andes Energia to report larger revenues in 2015 compared with the previous year.
Archer to cut up to 10% of workforce in UK, Norway and Argentina
Archer said it plans to make reductions to its headcount by up to 10% in the second quarter of the year from its operations in the UK, Norway and Argentina.
President completes Argentine workover
President Energy continues its Argentinian production programme by completing a workover on four wells in the Puesto Guardian area.
US biodiesel and renewable diesel imports increase 61% in 2015
US imports of biodiesel and renewable diesel increased by 61% in 2015 to reach 538 million gallons according to date from the country's Energy Information Administration.