Petronas is considering exiting its shale oil venture in Argentina. YPF plans to divest offshore projects, while Equinor engages in discussions about selling its onshore assets to YPF. Argentina has recently achieved its largest energy trade surplus in 18 years, enhancing its position in the global energy market.
Petronas is currently assessing its involvement in the shale oil sector in Argentina. The evaluation indicates a potential exit from its shale oil venture, as reported by Bloomberg News. This strategic review may be influenced by market conditions and internal company objectives.
YPF, Argentina’s state-owned oil and gas company, is also making significant changes by planning to divest offshore exploration projects. This move was announced by YPF’s CEO and reflects the company’s strategy to refocus efforts in more productive areas.
In related developments, Equinor is reportedly considering the sale of its onshore assets in Argentina. Discussions have emerged regarding potential transactions with YPF, as both companies navigate fluctuating market dynamics in the energy sector.
Additional news highlights include Argentina logging its largest energy trade surplus in 18 years, a notable achievement for the country’s economy. Furthermore, YPF has entered deals with international firms, including an agreement with Indian companies to export LNG, signaling a push towards enhancing its global energy strategy.
Petronas is evaluating a possible exit from its shale oil operations in Argentina, amidst a backdrop of similar strategic shifts by YPF and Equinor. These developments signal a significant shift in the energy landscape in Argentina, as companies adapt to changing market conditions and seek new opportunities for growth and investment.
Original Source: www.marketscreener.com
