Harbour Energy - Shale24

Southern Energy will receive the first pipe for its dedicated export gas line in August, CEO Rodolfo Freyre said, dating the start of construction.

Shale24-Santander Energy Summit

Southern Energy Sets August Pipeline Start as Argentina Nears First LNG Exports

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 Board itself framed Podskubka's appointment as "the culmination of a long-term leadership planning process"

National Industry

Tenaris Hands CEO Role to Gabriel Podskubka as Paolo Rocca Retains Chairmanship After 24 Years

The board appointed the Argentine engineer, who joined the Campana mill in 1995 and had served as COO since 2023. Rocca keeps strategic control as chairman of the company and president of the Techint Group. The transition was announced on the same day Q1 2026 results showed sales of $3.1 billion and a $3.8 billion net cash position.

Sicim SpA was founded in 1962 in Busseto, in northern Italy, by the Riccardi family.

Midstream

San Matías Pipeline Awards $1.3 Billion EPC Contracts for Argentina's First LNG Export Pipeline

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

Fénix. Harbour holds a 37.5% stake, in partnership with TotalEnergies Austral (37.5%, operator) and Pan American Energy (25%). It contributed 52 kboep

Oil & Gas

Harbour Energy Names Argentina a Core Country, Targets Late-2026 San Roque Shale Oil Pilot

Harbour's April Investor Meet, signed by CEO Linda Z. Cook, formalizes Argentina alongside Norway, the U.K., the U.S. and Mexico as one of five jurisdictions accounting for nearly 90% of a portfolio targeting 475,000 to 500,000 boe/d in 2026 after the $3.2 billion LLOG acquisition

The FSRU Höegh Esperanza in Wilhelmshaven injects up to 5 billion m³ annually into Germany's gas system: approximately 6% of total demand.

LNG MARKETS

SEFE seeks up to $2.35 billion in fresh capital, opening privatization of Argentine LNG's first European buyer

The German utility that signed the first long-term offtake contract for Argentine LNG has asked Berlin to approve a capital increase of as much as €2 billion — the first formal step in an ownership dilution mandated by the European Commission

In the San Matías Gulf, CoreMarine engineers are already working on the plans for the system that will anchor the 2 FLNG units.

LNG Markets

CoreMarine and Jumbo Offshore Win Southern Energy's FLNG Mooring Contract — First Soft Yoke Application in Argentine Waters

The Norwegian and Dutch specialists will transport, install, and connect the soft yoke (SSY) mooring systems for the Hilli Episeyo and MKII FLNG vessels in Argentina's Golfo San Matías in Río Negro province. Combined capacity of 5.95 MTPA is scheduled to reach the Atlantic market in 2027 and 2028.

When Donald Trump and Ursula von der Leyen sealed the Turnberry deal in July 2025, the number that captured the headlines was $750 billion.

LNG MARKETS

Europe Bought One-Third of Its Turnberry Energy Pledge in 2025 — Analysts Say the Gap Cannot Be Closed

The EU purchased $73.7 billion in U.S. energy in 2025, down from 2024 and less than a third of the $250 billion annual commitment made at Turnberry. Physical infrastructure constraints make the target unreachable — with direct implications for Vaca Muerta LNG's race to sign European offtake contracts.

Company reports and comments by CEO Linda Cook confirm the successful results.

More fracking in Neuquén

Shale oil at San Roque: Harbour Energy confirms four successful wells in Vaca Muerta, awaits Neuquén approval for unconventional development

The four-well pilot in the shale oil window—carried out in partnership with TotalEnergies as operator—confirmed commercially viable production. It involved horizontal wells with hydraulic fracturing in the oil window, a liquids-rich shale zone distinct from the dry gas window that dominates other areas of the formation.

Equity analysts see Pan American Energy well positioned to capture growth in Vaca Muerta in a more demanding financial environment.

Investments

PAE kicks off 2026 with $375 million bond at 7.75% to fund Vaca Muerta and LNG

With a focus on shale development and the LNG project, the proceeds will be used to support the company’s aggressive investment plan in Argentina and to refinance existing liabilities. The bond, with an implied 11-year maturity and principal repayments in three annual installments starting in year nine, saw solid demand that allowed it to be priced in the middle of the initial book range of $300 million to $500 million.

Projects under RIGI: Investment commitments already exceed $24.8 billion in strategic projects, particularly in energy and mining.

Energy and mining investments

RIGI map: Approved projects and those still pending for 2026

With a portfolio that already exceeds 27 submitted projects and investment commitments topping $33 billion, extending the deadline to 2027 could unlock additional investment and new projects, further expanding the country’s energy and mining frontier.

Various routes are being studied to transport Argentine gas to Brazil, all requiring investments of billions of dollars.

Projects with regional impact

Vaca Muerta: Five most studied routes to export Argentine gas to Brazil

Argentine gas exports to Brazil are already operational, albeit at modest initial volumes, with significant growth projected through 2030. Routes and methods for scaling up are under consideration.

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