Local and international energy companies are vying for additional exploration blocks in Argentina’s Vaca Muerta shale basin as the Middle East crisis and the blocked Strait of Hormuz are reigniting a global race to tap resources outside conflict zones. What was a predominantly U.S. business until a few years ago, shale exploration and production is now gaining momentum outside North America. And Argentina’s Vaca Muerta is top of the list of oil and gas companies, including U.S. shale giants, as a de-risked basin with…

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