Tag: Repsol

• Saturday, December 29th 2012 - 06:26 UTC

  Spain lifts ban on Argentine bio-diesel; annual exports total 1.1bn dollars

  

  Spain has taken a step back with import restrictions on Argentina’s bio-diesel applied in a reprisal move after Argentine president Cristina Fernandez decided to seize control of energy company YPF, subsidiary of Spanish Repsol, earlier this year.

• Thursday, December 6th 2012 - 00:35 UTC

  Repsol sues Chevron in New York over development of YPF energy assets

  

  Spain’s Repsol has sued Chevron Corp. in New York seeking to prevent the US oil giant from developing energy assets in Argentina. The federal lawsuit filed Tuesday follows other legal claims that the Spanish oil company has filed in Madrid and Washington, demanding more than 10 billion dollars in compensation for the majority stake in the YPF oil company that Argentina's government took over in April.

• Monday, December 3rd 2012 - 20:20 UTC

  Spain’s Repsol files complaint against Argentina over seizure of YPF

  

  Spain's Repsol SA filed on Monday a complaint against Argentina before the International Centre for Settlement of Investment Disputes (ICSID) over its nationalization of energy company YPF SA, according to sources familiar with the dispute.

• Tuesday, November 20th 2012 - 00:46 UTC

  Repsol wants fair compensation from Argentina; will appeal to all legal resources

  

  Repsol Chairman Antonio Brufau has expressed his determination to reach a solution on compensation for the nationalisation of its shares in YPF, and says that he is willing to take the matter to an international court level to ensure a fair amount is paid.

• Tuesday, August 28th 2012 - 03:36 UTC

  YPF trying to convince Chevron to help develop massive shale deposits in Neuquen

  

  Argentina’s nationalized oil and gas company YPF and the head of Latin American and African operations for Chevron Corp. are discussing a potential agreement to develop the massive Vaca Muerta shale oil and gas formation in the Patagonian province of Neuquén.

• Monday, July 30th 2012 - 07:19 UTC

  Argentina denies plans to intervene the energy sector: “only ensuring investments”

  

  Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”

• Thursday, July 26th 2012 - 21:24 UTC

  Repsol net profit down in second quarter; plans sale of assets to boost production

  

  Spain’s Repsol SA said on Thursday its second-quarter net profit (excluding the recently-nationalized Argentine unit YPF) declined 45% on the year, as higher production in Libya and elsewhere couldn't offset the effect of declining oil and gas prices on the value of inventories.

• Tuesday, July 24th 2012 - 20:57 UTC

  Chavez in a veiled threat tells Spain’s Repsol to seek agreement with Argentina

  

  Venezuelan President Hugo Chavez advised Repsol to seek a friendly agreement in its dispute with Argentina and noted that the Spanish energy company held important assets in his country.

• Friday, July 20th 2012 - 07:53 UTC

  Repsol sells 540 million dollars in assets in Chile as part of divestment program

  

  Spain’s Repsol said on Thursday it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately 540 million dollars.

• Thursday, July 19th 2012 - 07:58 UTC

  US oil companies interested in investing in YPF, but have their conditions…

  

  At least four leading US oil corporations are interested in investing in Argentina’s nationalized YPF but are demanding a law that guarantees investments, direct export of oil and remittance of benefits.