Argentinian President Javier Milei
The changing face of Argentina’s upstream
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
As 2025 fast approaches, Argentina is reacting to a busy year of M&A with strong upstream growth and plenty of consolidation. In August, the energy ministry said hydrocarbons production had reached its highest level in 20 years. State oil and gas firm YPF continues to focus on growth in the Vaca Muerta shale play, offloading non-core conventionals to smaller domestic E&Ps, while several of IOCs are weighing possible exits from the country. ExxonMobil is set to become the first, recently agreeing to offload its Vaca Muerta assets for a reported $1.7b to Buenos Aires-headquartered Pluspetrol. Equinor is expected to follow suit, leaving Chevron, TotalEnergies and Shell as the only remai
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
