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The plan started in 2024 with the company coming out of a $1,277 million annual loss. Three of its four pillars now generate cash; the fourth, Argentina LNG, has yet to reach the balance sheet
YPF named two project companies in its presentation to Argentina's Chamber of Deputies. One was already known. The other appears for the first time in a public company presentation, and it defines how debt will be raised for the pipelines and the processing plants
The YPF-ENI-XRG venture handed the roughly $1.2 billion civil works for the 527-kilometer, 48-inch trunk line to a consortium of Pumpco, Bonatti, and Contreras Hermanos. The pipeline will move up to 100 million cubic meters per day (MMm³/d) of gas and remains tied to a final investment decision expected in the second half of 2026
The operator, formerly Petrolera Aconcagua Energía, will run three unconventional concessions on Vaca Muerta's eastern flank for 35 years, while Vista cedes half the shale economic rights to a jointly held company, URSA.
The commodities trader and Generadora Metropolitana have jointly acquired the 273-MW Los Guindos plant in Biobío, on a corridor already fed by Neuquén gas: a firm new consumer for the same molecule Trafigura finances upstream.
The Miguel Galuccio-led company averaged 139,469 bbl/d of crude in May, up 39.5% year-on-year, in its first full month consolidating Bandurria Sur and Bajo del Toro. Directly operated areas rose 2.8% from April.
In an interview, CEO Marian Milicic mapped the Rosario-based contractor — 2,500 employees, some 1,500 machines, a book split evenly between oil and copper — and described how it follows the sectors that pull investment. "We're the first to arrive," she said of the firm's role in Argentina's largest projects.
At the Shale24-Santander Energy Summit, CEO Rodolfo Freyre dated the start of construction on the 471-km dedicated pipeline and walked through the engineering still standing between the project and its first export cargo: a mooring system being built in Europe and anchored at 40 meters, a logistics base that does not yet exist at the Río Negro port, and a dedicated line that required project finance.
The Colombia-headquartered producer and Neuquén province's state oil and gas company will combine Loma Jarillosa Este and Puesto Silva Oeste under a single project vehicle, with a target of scaling output from 1,500 to 20,000 bbl/d in three years
YPF's plan calls for 1,152 wells in Vaca Muerta and a 240,000 bbl/d crude plateau by 2032, all routed for export via VMOS. It is the first integrated cluster structure filed under the regime, and the first major upstream submission presented without partners, signaling a new phase of YPF's Plan 4x4.
Completion of the TK401 roof brings the consortium in line with the technical floor that the official schedule set for the first vessel to sail in December: two operational tanks at the terminal and one mooring buoy. With the pipeline more than 60% complete, what remains has a date.
The state-controlled producer paid $163.175 million plus a $41 million closing adjustment to consolidate three Vaca Muerta blocks it already operated, completing the equity-side leg of the Plan 4x4 ahead of VMOS startup and the Argentina LNG final investment decision
A Sicim–Víctor Contreras joint venture won the 471-km Tratayén–Golfo San Matías line, while Neuquén-based OPS will build the intermediate compressor station for the Southern Energy LNG project
The Italian major has flagged Argentina LNG as a top 2026 FID in both its SEC filing and Capital Markets Update, with YPF and ADNOC's XRG as partners. A 12 MTPA FLNG scheme in the Golfo San Matías is the entry point to a 30 MTPA ceiling, and potentially the largest private project finance loan in Argentine history.
The Brazilian conglomerate's upstream arm filed two applications with Argentina's Secretariat of Energy to export up to 1 million m³/day each from the Centenario field to Âmbar Energia's Uruguaiana thermal plant — the first time a single corporate group would own the molecule from wellhead to combustion across the Argentina-Brazil corridor
