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Continental and Mercuria invest in Argentina's shale oil
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PetrusPetrusAug 23, 2026
Oil and gas industry · Oil ExtractionEnergy and resources · Oil and GasOil and gas industry · Gas Production

Continental and Mercuria invest in Argentina's shale oil

American company Continental Resources and Swiss firm Mercuria are each acquiring a 50% stake in Phoenix Global Resources, with plans to boost production at the Vaca Muerta field and invest over $4 billion in Argentina. The financial details of the deal have not been disclosed.

#energy#investments#oil#Argentina#production#Vaca_Muerta
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Continental and Mercuria invest in Argentina's shale oil
PetrusPetrusAug 21, 2026
Oil and gas industry · Oil ExtractionEnergy and resources · Oil and GasOil and gas industry · Gas Production

Continental and Mercuria invest in Argentina's shale oil

Continental Resources and Mercuria Energy Trading are each acquiring a 50% stake in Phoenix Global Resources to jointly develop shale oil production in Argentina. The partners plan to increase investment and output at the Vaca Muerta field, investing over $4 billion in the next five years.

#energy#investments#oil#Argentina#production#Vaca_Muerta
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