Oil and Gas

Strait of Hormuz, epicenter of global volatility.
LIVE: Strait of Hormuz closure

War in the Middle East: 10 questions on what’s happening to oil, LNG, gasoline and fertilizers in Argentina

Since the United States and Israel struck Iran on Feb. 28, the Strait of Hormuz has entered an active crisis. Brent crude has risen above $100 a barrel for the first time in four years, the global liquefied natural gas (LNG) market has been shaken, and fertilizer prices have already increased by as much as 35%. Argentina is playing on both sides of the field.

Julián Guarino

Cerro Dragón has already begun the process of becoming a new hub largely focused on shale production, something new in the basin.
The Alberta model that Torres is replicating

Is there shale in the “D-129 planet”? YPF exits conventional operations in Chubut but leaves the door open for a return

The transfer of Manantiales Behr to PECOM Servicios Energía S.A.U. has already been approved by the board and is pending before the provincial authorities. Even so, Horacio Marín announced in New York that the company is not closing the door on unconventional development in Chubut. The regulatory mechanism that would enable that already exists, and Pan American Energy activated it in Cerro Dragón.

Julián Guarino

Horacio Marín, Marcelo Mindlin and Marcos Bulgheroni during the discussion on the Argentina LNG project.
Key negotiations

Argentina LNG: YPF advances banking round with Deutsche Bank, Citibank, two Japanese lenders and meetings with Banco Santander during Argentina Week

Horacio Marín worked the margins of the event in New York with bilateral meetings aimed at structuring what several banks already position as the largest project finance deal in Latin America. JPMorgan Chase is acting as adviser and has already begun outreach to more than 200 financial institutions worldwide. The final investment decision (FID) is targeted for the second half of 2026.

Marina Cappiello

The Dock Sud refinery and nearly 900 Shell service stations are up for sale.
The Argentine asset is being sold

Raízen seals restructuring deal with creditors in Brazil while negotiations with Mercuria Energy Group progress in Argentina

The joint venture between Shell and Cosan is hours away from closing a debt restructuring with creditors who demanded a capital injection of up to $4.874 billion. The Argentine business — profitable, with sales still growing — is being sold anyway. The Dock Sud Refinery and nearly 900 Shell service stations did not fail. They simply happen to be where the money can be raised fastest.

Marina Cappiello

María Eugenia Sampalione, Dolores Brizuela, Gabriela Aguilar, Evangelina Cordero and Giselle Somale
International Women’s Day

Women in energy and mining: a growing sector that still has to stand up

María Eugenia Sampalione (Newmont Cerro Negro), Dolores Brizuela (Dow), Gabriela Aguilar (Argentina-Texas Chamber of Commerce and IAPG DEI Commission), Evangelina Cordero (IAPG Comahue) and Giselle Somale (ABB) analyze the progress made, the gap that persists, and what is at stake in two industries experiencing rapid growth.

Julián Guarino