Energy & Oil

• Tuesday, April 10th 2012 - 05:36 UTC

  Mexico presidential front runner wants PEMEX to emulate success of Petrobras

  

  Mexico’s presidential front-runner wants state oil monopoly Petroleos Mexicanos (Pemex) to emulate the success of Brazil’s Petrobras and ramp up private-sector involvement that could possibly pave the way for a stock listing in the future.

• Thursday, April 5th 2012 - 15:45 UTC

  Argentina picks a fight with Brazil oil giant Petrobras and revokes oil concession

  

  Brazilian oil giant Petrobras assured that it has complied with all terms of its Argentine Patagonia Neuquén province oil exploitation contract, following provincial governor Jorge Sapag's announcement of the termination of the concession contract in Veta Escondida area.

• Thursday, April 5th 2012 - 15:41 UTC

  Argentina denies plan to acquire stake in YPF but provinces continue to rescind concessions

  

  Argentina’s Planning Minister Julio de Vido denied a report by Buenos Aires newspaper Clarin that the government is working on a plan to use state-controlled pensions Anses to buy a stake in oil corporation YPF, he said in a statement.

• Thursday, April 5th 2012 - 14:45 UTC

  Green light for huge controversial hydroelectric project in Chilean Patagonia

  

  Chile's Supreme Court Wednesday removed the last legal obstacle to building a giant 2.9 billion dollars hydroelectric complex in the Patagonian wilderness, rejecting a bid by environmentalists to block it.

• Wednesday, April 4th 2012 - 01:47 UTC

  YPF shares plummet on growing investors’ fear of Argentine government takeover

  

  Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.

• Tuesday, April 3rd 2012 - 03:33 UTC

  Americas Summit expected to release support-statement for Argentina’s Falklands claim

  

  Thirty years after the Falklands/Malvinas war, Latin America seems to be closing ranks behind Argentina's sovereignty claim over the disputed islands and reviving a bid for control in the resource-rich South Atlantic.

• Monday, April 2nd 2012 - 09:29 UTC

  UK and French companies awarded eight blocks in Uruguay’s offshore oil round

  

  UK’s BP, BG Group, London-based Tullow Oil and French oil major Total were awarded a total of eight offshore blocks in an Uruguayan bidding round and will invest 1.56 billion dollars in exploration of those areas, state energy company Ancap announced.

• Monday, April 2nd 2012 - 05:28 UTC

  China’s Sinopec buys 30% stake in Portugal’s Galp operations in Brazil

  

  Chinese oil group Sinopec officially completed a deal to buy a 30% stake in Petrogal Brasil which is responsible for oil and gas exploration and production activities of Portugal’s Galp Energia in Brazil.

• Sunday, April 1st 2012 - 08:49 UTC

  Argentina has decided to take control of YPF, says pro-government newspaper

  

  The Argentine government has made the decision to take control of leading energy company YPF and is discussing whether to renationalize it or intervene in its administration, a newspaper reported on Saturday.

• Sunday, April 1st 2012 - 07:58 UTC

  Oil leaks cast a shadow over the development of Brazil’s offshore huge reserves

  

  Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves.