YPF S.A. is Argentina’s leading energy company, with more than a century of experience in the exploration, production, refining, and commercialization of hydrocarbons. The company operates across the entire energy value chain, including oil, natural gas, fuels, petrochemicals, and power generation.
With operations throughout the country and a strong presence in the development of Vaca Muerta, one of the world’s largest unconventional hydrocarbon reserves, YPF plays a central role in Argentina’s energy supply. The company also promotes initiatives related to technological innovation, energy transition, and more efficient energy solutions, with the goal of strengthening national energy security and supporting Argentina’s economic growth.
Source: YPF
The Parma-based firm, with nearly 80 years of pipeline work across Europe, Africa, and the Middle East, joins the consortium that won the 48-inch trunkline. Its gas history intertwines with ENI's and with Sicim's, the Italian firm awarded Southern Energy's parallel line.
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
Pumpco is a subsidiary of MasTec, the infrastructure group run by the Mas brothers, owners of Inter Miami. It had never built in the country and arrives partnered with Bonatti and Contreras Hermanos to lay the largest-diameter gas pipeline in Argentine history.
YPF-operated gas output rose 9.2% in May to 32.33 MMm³/d, though it fell 4.08% year-on-year. The month's biggest mover was Aguada de la Arena, a 2025 concession the company has earmarked for the export chain
Tecnimont entered the Argentine radar by joining Sacde in the consortium pre-awarded the detailed engineering for Argentina LNG's first Neuquén gas separation plant. Behind the name sits the engineering arm of an Italian group with half a century building process plants, and the firm's biggest bet yet in Argentina
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.
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.
Halliburton, SLB, Tenaris, Calfrac and SPI split the 9,714 stages completed between January and April. SPI, the in-house unit Pluspetrol built on Weatherford Argentina's former assets, debuted as the fifth player; YPF locked Halliburton in with an exclusive five-year electric fracturing contract.
The agency lifted the producer one notch, but flagged a sharper move underneath: a standalone profile up to "b+" on a 44% drop in unit costs, with a base case built on 641,000 boe/d sustained through 2029
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.
One week after the award, COO Shannon Slocum sized the deal for investors and confirmed the equipment is being relocated from a U.S. market where premium dual-fuel and electric frac capacity is structurally tight
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.
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
