Retamco Operating has pulled out of a license in the Vaca Muerta after failing to come up with the financing to develop a block in the Argentinian shale play, a source close to the issue said Thursday, a sign of the hard economic times in the country. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US company’s Retama Argentina unit won a license for the Parva Negra Oeste block in the play’s dry gas window in November 2017, marking the entry of a new player in a field dominated by majors like Chevron, ExxonMobil, Shell and Total. “Retama pulled out,” Alberto Saggese, president of Gas y Petroleo del Neuquen (GyP), the province-owned company that handles tenders for blocks there, told S&P Global Platts. The company — and corporations in general in Argentina — took a beating in 2018 after a more […]