ExxonMobil Offloads Argentine Shale Oil Assets to Pluspetrol in Strategic Move
In a significant development within the energy sector, ExxonMobil has come to an agreement to divest its shale oil assets located in Argentina to Pluspetrol, a prominent player in the Latin American oil industry. This transaction, valued at approximately $600 million, underscores the shifting dynamics in the global energy market, as companies reevaluate their portfolios amid fluctuating oil prices and varying production capacities.
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Pampa Energía Eyes LNG Projects as Economic Reforms Enhance Shale Development in Argentina
In a strategic move reflecting the surge in Argentina’s energy sector, Pampa Energía, a leading player in the local market, is actively evaluating multiple liquefied natural gas (LNG) projects. This revitalization comes in the wake of recent economic reforms introduced by President Javier Milei, which are geared toward encouraging the expansion of the country’s shale reserves.
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