LatinNews Daily - 07 August 2025

*Argentine state oil firm YPF has reached an agreement with Total Austral, an affiliate of French oil company TotalEnergies, for the acquisition of the company’s 45% stake in two oil and gas blocks in the Vaca Muerta shale oil and gas field, in a deal worth around US$500m. The blocks are Rincón La Ceniza and La Escalonada, both located in the Vaca Muerta in Argentina’s south-western province of Neuquén, and represent around 20% of TotalEnergies’ acreage in the Vaca Muerta. Despite selling this share, TotalEnergies released a statement in which it cited its senior vice president for the Americas, Javier Rielo, as saying that the company remains “fully committed to Argentina” and highlighting that it is still producing gas and condensates from other blocks in Vaca Muerta, such as Aguada Pichana Este and San Roque. Rielo said that the sale of the stake to YPF could allow TotalEnergies to “unlock value from part of our portfolio, while focusing on the development of our core assets in the Neuquén Basin and in the offshore of Tierra del Fuego”, Argentina’s southernmost province.

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