Investments

• Monday, April 2nd 2012 - 09:40 UTC

  Argentina must act seriously and stop childish attitudes, says top industry leader

  

  Argentina’s notorious Interior Trade Secretary Guillermo Moreno has triggered another controversy, this time among board members from Industries Union of Argentina, UIA, involving one of its vice-presidents and the CEO of Fiat.

• 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.

• 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 - 08:02 UTC

  Argentina targets Mexican car imports and considers revoking trade agreement

  

  Argentina is considering applying measures to restrict the import of Mexican cars, which could include unilaterally denouncing the Economic Complementation Agreement (ACE) 55, which regulates bilateral trade, Argentine government sources told local media, ámbito.com.

• Friday, March 30th 2012 - 06:58 UTC

  Nine companies submit 19 bids to explore for oil offshore Uruguay

  

  Nine oil and gas companies have submitted 19 bids to explore for hydrocarbons off the coast of Uruguay, the state energy company Ancap said on Thursday.

• Wednesday, March 28th 2012 - 00:36 UTC

  Argentina again warns Repsol-YPF as provinces terminate production concessions

  

  Amidst raising tensions between the Argentine government and Spain’s Repsol-YPF oil company, Interior Minister Florencio Randazzo warned on Tuesday that the administration led by President Cristina Fernández will take “all necessary measures to guarantee the country's energy self-supply”.

• Monday, March 26th 2012 - 09:23 UTC

  Relief for Dublin? Ireland on the verge of becoming significant producer of oil

  

  The euphoria around a small-to-medium oil discovery off the southwest coast of Ireland may be overblown but the country could yet become a significant producer if it can replicate the drilling success in much deeper waters to the west

• Monday, March 26th 2012 - 08:18 UTC

  Argentine province of Salta joins the pack and revokes YPF oil concessions

  

  As was anticipated yet another Argentine province, Salta, announced Sunday its decision to revoke a concession from Spanish held oil company YPF. The governor from the north-west province of Salta, Juan Manuel Uturbey, and a close ally of President Cristina Fernandez, announced his decision to revoke oil company YPF concession of the Tartagal Oeste area and his intention to include it in a list of areas that will be put out to tender.

• Sunday, March 25th 2012 - 10:56 UTC

  Argentina begins legal actions against oil companies operating in the Falklands

  

  The Argentine Government announced on Saturday it had begun the legal proceedings put together with the AFIP tax agency against five British oil companies, accusing them of “carrying out illegal operations” in the Falklands/Malvinas Islands.

• Friday, March 23rd 2012 - 23:11 UTC

  Another Argentine province cancels oil concessions to Spain’s held YPF

  

  The Argentine province of Mendoza joined on Friday other oil producing areas of the country in cancelling concession contracts which has been awarded to the Spanish owned oil corporation Repsol-YPF, with which the government of President Cristina Fernandez is involved in a controversy over long term investment.