Argentina’s Shale Patch Is Poised For A Comeback ...Middle East

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After a harsh 2020 and slow post-pandemic recovery Argentina’s hydrocarbon sector has come roaring back to life. A combination of substantially higher oil prices, government subsidies, favorable legislation and growing demand for light sweet crude oil and natural gas has caused activity in Argentina’s Vaca Muerta (Spanish for dead cow) soar. After fracking activity slowed to almost zero during May 2020, at the height of the COVID-19 pandemic, it then soared to a 17-month high in January 2021. Data obtained by S&P Global Platts shows…

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Last updated : 12 March 2021 clock 03:00 AM

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Argentina’s Shale Patch Is Poised For A Comeback ...Middle East

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