The company won the exploration rights as part of two consortia.

State-owned Qatar Petroleum has acquired a 30% equity stake in the Vaca Muerta shale basin in Argentina after an agreement with ExxonMobil.

Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country's imports close to 2015's level.

Argentina's new President, Mauricio Macri, has announced a $500m shale oil investment in his attempts to revive a stagnant economy after 12 years of populist economic policies.

Argentina's newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors' confidence in the country through enhancement of business conditions.

More than US$1 billion will have to be invested over the next 20 years to exploit the shale gas of the Vaca Muerta area in Neuquén, which will be used to build between 4,300 and 8,000 kilometres of pipelines and will add five million new clients to the country’s natural gas network, according to a report of the Oil and Gas Institute (IAPG) released yesterday.

Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region.

An Argentine federal judge has ordered an embargo on some $156 million owned by companies exploring for oil off the Falklands Islands, over which Argentina claims sovereignty. She also has ordered them to stop their explorations

YPF and Russia's powerful Gazprom International are expected to conclude a Memorandum of Understanding (MOU) during Galuccio’s visit to Moscow.

Argentina is threatening to take legal action against Britain over oil drilling off the coast of the Falkland Islands.