Argentina's booming shale production in Vaca Muerta, a formation that rivals the U.S.'s Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth, Reuters reported. The government is now racing to build out infrastructure: A major new gas pipeline is set to come online mid next year, and there are plans for new export terminals near Buenos Aires. The government is also working on a liquefied natural gas (LNG) law to send to Congress hoping to stimulate investment.
After a sharp drop in Latin American deals in 2022, bankers expect a slow recovery next year, led by M&A, Reuters reported. IPOs may take longer to resume, due to high global interest rates. The volume of M&A deals in Latin America fell 35% this year, to $86 billion, according to Refinitiv data. Roderick Greenlees, global investment banking head at Itau Unibanco Holding SA (ITUB4.SA), said the total value of M&A, although lower than the record year of 2021, was within historical range in the years before.