The challenge of exploring and extracting Brazil’s massive pre-salt offshore hydrocarbons deposits will be addressed at the congress to be held in Rio do Janeiro next June with the participation of 250 delegates from international corporations, Petrobras and other Brazilian government institutions.
Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.
Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol.
By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol
China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.
The largest trade mission to visit Britain from the Falkland Islands for almost 20 years will arrive in Aberdeen on Tuesday to explore the opportunities arising from the Islands’ fledgling oil and gas industry, reports The Scotsman.
Argentina’s nationalized oil and gas corporation YPF newly appointed General Manager Miguel Galuccio hosted on Monday his first official meeting addressing an auditorium of 200 workers at the Comodoro Rivadavia plant where he announced that the strategic plan of the company will be ready in the next 100 days.
The banks that helped Argentina's Petersen Group buy a stake in energy company YPF will give the group extra time to make a loan payment due this month, according to sources involved in the negotiations.
Spain-based energy group Repsol has sent letters to oil majors including Exxon-Mobil, Chevron and Conoco-Phillips warning it would sue them if they try to invest in YPF or its assets, reports the British newspaper The Financial Times.
Argentine President Cristina Fernández enacted the YPF nationalization law, which was approved by the Lower House on Thursday. During a nation-wide televised speech from Government House, the Head of State also introduced the company’s new CEO, oil engineer Miguel Galuccio.