The Oil & Gas Year Argentina 2017
Launching its first edition on the second largest South American economy, TOGY presents The Oil & Gas Year Argentina 2017. The publication was realised together with the Ministry of Energy and Mining and the Argentine Group of Suppliers of the Oil and Gas Industry, and covers the first year of the new Mauricio Macri administration. Macri brought along a wide array of liberal and pro-business measures and the energy and oil and gas industry was no exception.
The book covers extensively the challenges that the oil and gas industry is facing – high operational and labour costs, lack of infrastructure, excessive fiscal pressure, low international oil prices, the need for support for internal natural gas prices, combative unions – as well as the measures fostered by the national and provincial governments to recover dynamism in the industry, attract much-needed foreign investment and ensure stability. The main hope for the revival of the industry in the country is the massive Vaca Muerta shale gas and oil deposit in the Neuquén Basin. The only commercial shale development outside North America and China, Vaca Muerta embodies the promising future Macri is struggling to take the country towards.
Added to this nexus of challenges is the dire situation of the energy generation, transmission and distribution sector. The Oil & Gas Year Argentina 2017 covers the extensive efforts conducted by the Macri administration, which declared a National Electrical Emergency as soon as it took power, and conducted two historical bidding rounds for emergency thermal energy and renewable energy, which are expected to ease the country's situation in the coming years.
As with all TOGY publications, The Oil & Gas Year Argentina 2017 covers extensively the entire value chain of the local oil and gas industry, particularly the vibrant industrial SMEs sector, one of the most distinctive aspects of the Argentine oil and gas market.
The book opens with an interview with the Minister of Energy and Mining, Juan José Aranguren, and includes exclusive interviews with key industry players such as Senator Guillermo Pereyra, Neuquén's Minister of Energy, Public Services and Natural Resources Alejandro Nicola, Pan American Energy CEO Richard Spies, ExxonMobil Country Manager Daniel De Nigris, Chevron Country Manager Christopher Stevens, President of the Argentine Institute of Oil and Gas Ernesto López Anadón, and many others.