Argentina is actively engaged in legal and energy sector developments involving its state-controlled oil company YPF. The Argentine government has committed to cooperating with U.S. justice authorities in a corruption investigation concerning the Eskenazi family's involvement with YPF. Argentina has formally requested U.S. District Judge Loretta Preska to reconsider her order to release private emails and chats of high-ranking officials, including former Finance Minister Luis Caputo and current Economy Minister Sergio Massa. Meanwhile, YPF is advancing its acquisition of shale oil assets from France's TotalEnergies, particularly in the Vaca Muerta shale formation, which is a key unconventional oil and gas resource in Argentina. Despite this expansion, YPF's CEO Horacio Marín has indicated that drilling activity in Vaca Muerta is expected to decline in the near term due to spending adjustments amid lower oil prices and reduced investment from global partners. The Argentine government has also approved exploration of a new unconventional block in Vaca Muerta. The broader energy policy, including subsidies and privatizations, is under scrutiny as production in Vaca Muerta has fallen. Financing and competitiveness remain major challenges for the development of Argentina's shale resources, with YPF anticipating higher export volumes than previously projected.
Argentina’s shale dreams are hitting a near-term snag YPF is pulling frack crews as oil prices dip and global partners retreat. The Vaca Muerta boom will have to wait. https://t.co/w1dCpHW9P7 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities https://t.co/zmQfmYRKeu
YPF avanza en la compra de yacimientos de TotalEnergies en Argentina. ¿Qué falta? Esto es lo que se sabe: https://t.co/shFFZhcWqC
🇦🇷 Argentina solicitó formalmente a la jueza Loretta Preska que reconsidere su orden de entregar conversaciones privadas de altos funcionarios, entre ellos Caputo y Massa | Más información en https://t.co/jRnTMeNjGb https://t.co/KPePoMZ1qg