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Laredo Oil advances talks with Santa Cruz on tech to boost oil recovery from mature fields

Market News
20 Oct 2026
PRNewsWire
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Bullish
Laredo Oil advances talks with Santa Cruz on tech to boost oil recovery from mature fields

Laredo Oil's CEO met with Santa Cruz's Governor and Energy Minister to discuss applying the company's Underground Gravity Drainage (UGD) technology to enhance oil recovery from mature fields in the province. Santa Cruz, a key oil-producing region in Argentina, is focused on sustaining production and employment. While no agreements were made, both parties agreed to continue dialogue as Laredo evaluates the commercial potential of its technology. This aligns with Argentina's growing oil sector and recent US-Argentina trade agreements supporting such investments.

Laredo Oil's meeting with Santa Cruz officials provides context for energy sector activity. For readers following Energy stocks, here is Pluang's market snapshot as of Oct 20, 2026 22:51 WIB: of 79 priced Energy-sector US stocks, 28 rose and 51 fell. Energy Fuels Inc Ordinary Shares (UUUU) traded at USD 8.37 with a 1-day change of +2.57%.

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