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Oil majors bid on Argentina offshore acreage

Argentina’s first national offshore licensing round took place on 16 April 2019, in Buenos Aires. Of the 38 blocks offered in an open bid round, 18 were licensed. The round attracted bids from 13 companies, with the winning bids reaching a total of US$718.28 million. All majors participated in the bidding, except from Chevron.

FLNG unit sets sail for Argentina

The Belgian company, EXMAR, announced that its Floating LNG Liquefaction Unit (FLNG) with the name Caribbean will be renamed Tango FLNG and it has already departed China with destination the port of Bahia Blanca, Argentina, for its liquefaction operations.