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
22 April 2025
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
22 April 2025
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
