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Apr 12, 2014
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Apr 10, 2014
Apr 10, 2014
Apr 10, 2014
Apr 10, 2014

Chevron, YPF boost spending to develop Argentine shale

April 10 (Reuters) – Chevron Corp and
state-controlled YPF SA said on Thursday they would
spend an additional $1.6 billion to continue developing
Argentina’s Vaca Muerta shale formation, adding plans for new
wells this year and announcing fresh exploration projects.

The project will help Chevron boost its oil and natural gas
production, which has been stubbornly flat the past few years
despite annual capital spending of around $40 billion globally.

Apr 10, 2014