Lucía Martínez

Redactora en Shale24

Pluspetrol Sells Two More Vaca Muerta Blocks: Who Is the U.S. Buyer?
Maximize its position in the highest-productivity blocks

Pluspetrol Sells Two More Vaca Muerta Blocks: Who Is the U.S. Buyer?

The company has sold its operating stakes in Los Toldos I Sur and Pampa de las Yeguas I to a U.S.-backed buyer — completing a 15-month portfolio reset that began the day it closed its $1.75 billion acquisition of ExxonMobil's Argentine subsidiary in December 2024

ADNOC Gas Cuts LNG Output as Hormuz Blockade Traps Das Island Tanker Traffic
Abu Dhabi's state oil company

ADNOC Gas Cuts LNG Output as Hormuz Blockade Traps Das Island Tanker Traffic

ADNOC's LNG subsidiary disclosed "temporary operational adjustments" at its 6 MTPA Das Island plant after navigation disruptions in the Strait of Hormuz — making it the second major Gulf LNG exporter to report output cuts in three weeks, following Iranian missile strikes on QatarEnergy's Ras Laffan liquefaction infrastructure

JPMorgan issues a cautious outlook on the global economy.
War in the Middle East

Energy: JPMorgan warns demand destruction has already begun (and models aren’t measuring it properly)

In an Oil Flash Note, the bank’s Global Markets Strategy team estimated that the price effect of crude on global demand would trim just 1 million barrels per day in April. But there is a second form of demand destruction that standard elasticity does not capture: the one that occurs when physical inputs simply do not arrive. JPMorgan documented it company by company in Asia and concluded it is already underway.

Through its subsidiary PCR Energy US, based in Houston, the Argentine company plans to develop a 220 MW solar park.
Argentine Investment in Clean Energy

PCR to invest $450 million in New Mexico solar megaproject with Tesla batteries

The Argentine company will develop Diamond Tail Solar + Storage, a 220 MW solar park with a 440 MWh battery energy storage system aimed at powering 60,000 homes, interconnecting with the grid of Public Service Company of New Mexico and strengthening its renewable expansion in the U.S. market.

The Trump administration announced the creation of “Project Vault,” a $12 billion strategic reserve of critical minerals.
International financing signals shift in bilateral relationship

Shale24 first reported: EXIM Bank reopens credit to Argentina, enables strategic financing for energy and critical minerals

The updated Country Limitation Schedule (CLS) allows short- and medium-term credit for Argentina’s public and private sectors. Within the framework of the Reciprocal Trade and Investment Agreement (ARTI), the EXIM Bank decision is set to support projects in Vaca Muerta, lithium and infrastructure, marking a key financial endorsement in the relationship between Buenos Aires and Washington.

The agreement was signed by Argentine Foreign Minister Pablo Quirno and U.S. Deputy Secretary of State Christopher Landau.
Preferential trade zone proposed for critical minerals

Argentina and U.S. sign strategic critical minerals agreement

The ministerial meeting, which brought together delegations from 55 countries plus the European Union, focused on strategies to counter China’s dominance in critical minerals processing, seen as a challenge for the energy transition, the technology sector, defense, and artificial intelligence.