MercoPress. South Atlantic News Agency
YPF increased output during 2014; refinery strike threatens supply of fuel
YPF's oil and natural gas production rose in 2014 for the second year running, Argentina's state-run energy company said on Thursday. Oil production rose 8.7% last year, while gas output was up 12.5%, YPF said, although the company did not publish annual output volume. Read full article
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Disclaimer & comment rulesWow. Another story about shortages from the head chopping wonderland of Mendoza. I mean, what's there to strike over? It's a paradise! ;)
Jan 16th, 2015 - 08:24 am - Link - Report abuse 0http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif
” although the company did not publish annual output volume(s).”
Jan 16th, 2015 - 10:23 am - Link - Report abuse 0But everything is OK, just trust me!
Yeah, of course we won't.
In the midst of the oil crisis, the production of oil and gas fell again
Jan 16th, 2015 - 11:12 am - Link - Report abuse 0http://www.cronista.com/economiapolitica/En-medio-de-la-crisis-del-petroleo-la-produccion-de-crudo-y-de-gas-volvio-a-caer-20150114-0056.html
Everything is going according to plan in Argentina, when CFK leaves the walls will come tumbling down. God help the next Presidente of Argentina and I mean that with sincerity.
Jan 16th, 2015 - 11:26 am - Link - Report abuse 0My guess, and the reason they didn't publish the data, is that this is not an overall increase but merely the added production from the wells they purchased last year.
Jan 16th, 2015 - 12:52 pm - Link - Report abuse 0If they really increased production why oh why are they still importing more O/G?
Its also kind of embarrassing they're still talking about VM, hopin' and a dreamin' is more like it. Nobody is going to put U$ into that dog while the price of oil is still going lower.
Rgs are such delusional creatures.
The good news is oil production up and the bad news we are not refining it. PMSL
Jan 16th, 2015 - 07:01 pm - Link - Report abuse 0Only a matter of time before YPF trading is suspended.
Jan 16th, 2015 - 07:17 pm - Link - Report abuse 0Bit($ Bi”·( Bit!·$ about Bachelet while Cristina already destroyed Chile's economy.
Jan 17th, 2015 - 03:20 am - Link - Report abuse 07. Yeah, they're Rgs so I'm sure they're already cooking the books and putting out false numbers.
Jan 17th, 2015 - 11:55 am - Link - Report abuse 0They already can't float bonds or offer stock sales.
They'll probably run out of U$ by next year.
@9 I agree with you. There is no way anyone is going to invest in new oil fields anytime soon, Here or in the Falklands.
Jan 17th, 2015 - 05:55 pm - Link - Report abuse 010. The investments depend on more than just the price of oil, they depend on how far along you are in the exploration and what you've committed to by contract. Often times you must keep on plugging along because it may cost more to shut everything down than pough ahead.
Jan 18th, 2015 - 02:22 pm - Link - Report abuse 0VM never had a chance to get off the ground. I doubt you'll see anything going on there for a couple decades. Argentina has to prove it will honor contracts before anyone will dip a toe in that water and it will take awhile before people forget.
Arg biggest problem will be to keep YPF viable and listed on NYSE. I bet its delisted soon. Rgs are incapable of running a company according to worldwide accepted accounting/notification practices. My bet is the numbers they are announcing in Arg are false and they won't be able to hide it for much longer.
i don't know what kind of contracts the Falklands have with their producers so I really can't comment on them but large companies won't want to lose their concessions and write it off if its only a few million to keep it going.
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