Nearly 200 workers are on strike since Wednesday, claiming better wages, at the biggest fracking sand plant in Vaca Muerta run by state-backed YPF, Argentina's biggest oil and gas producer. While YPF has been increasing its shale oil production, the number of fracking stages in the play fell 26% to 346 in January from 467 in December, and was down from a most recent peak of 676 in August.
Argentina’s state energy company YPF issued debt of $164 million via two peso-denominated negotiable debt obligations, a 12-month fixed rate dollar series, and the reopening of Class XLVI bond maturing in 2021. “The result of the tender was excellent, with a great response from the market that allowed the company to extend the terms at a competitive financing cost,” YPF said.
Argentina state oil company YPF will launch tomorrow Wednesday on the local market two negotiable obligations in pesos at 12 and 18 months, and a third in dollar linked at 12 months for an amount equivalent to $50 million that could be extended to $150 million. The company also announced the reopening of the Class XLVI bonds due on March 4, 2021.
YPF Luz, a subsidiary of state oil company YPF, has received $100 million in credits from BNP Paribas Fortis and $50 million from the U.S. International Development Finance Corporation. Credits will be used for building the wind farm Cañadón León in the breezy southern steppes of Santa Cruz province, which is expected to generate 120 megawatts of power and create 400 jobs during its construction phase.