MercoPress. South Atlantic News Agency
YPF focusing on boosting natural gas production; investors waiting for “post-election clarity”
Argentina's state-run energy company YPF said on Friday it plans to focus on boosting natural gas production in 2016, while also pursuing a gradual reduction in drilling and completion costs and looking for more partnerships for shale and tight play projects. It also admitted that potential investors are waiting for post-election clarity on economic and energy policies before “making any decisions”. Read full article
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Disclaimer & comment rulesInvesting in “ PUTA MUERTE ” is a no no, do they know how much it costs to drill and make shale gas commercial? They need to invest U$S 200 BILLION to make it possible. Never trust an Argie, if you shake hands with one make sure you have all your fingers afterwards.
Nov 07th, 2015 - 12:03 pm - Link - Report abuse 0“We have been shifting“
Nov 08th, 2015 - 05:22 pm - Link - Report abuse 0Well, you argies of YPF are a shifty bunch of characters!
”It also admitted that potential investors are waiting for post-election clarity on economic and energy policies before “making any decisions”.
I can tell 'investors' about the post election clarity now!
DON'T DO IT, YOU WILL NEVER GET YOUR MONEY BACK.
There, that wasn't difficult, was it?
The story shows the challenges of a reorganized energy corporation in today's context of depressed prices.
Nov 08th, 2015 - 05:36 pm - Link - Report abuse 0In spite of the usual free-market arguments, it's vital for a country to be in control of its energy needs instead of being at the mercy of private interests who care about their own bottom line (as it should be).
@ 3 Riki Mashed Potato Head
Nov 08th, 2015 - 06:15 pm - Link - Report abuse 0Once again you have missed the point!
It was TMBOA who fucked the market by limiting the price on sale to keep her 'model' on line.
This meant that Repsol could only make money by selling international market obtained fuels which cost LESS than what TMBOA was insisting fuel be sold at despite the huge on-costs that YPF were having to pay and what she expected Repsol to pay for the 'privilege' of losing money in The Dark Country.
Dear, dear Riki MPH, you must try harder.
Here's our corporations white knight coming swiftly in defense of a multinational corporation. That is OK though, provided you stick to the facts.
Nov 09th, 2015 - 02:52 am - Link - Report abuse 0When in business in Argentina, Repsol did what any multinational would do, that is playing to foster its own priorities--not those of the countries in which it had interests.
The Argentine government told Repsol many times it needed to increase production, to reduce Argentina's purchases of foreign oil for its needs. Repsol, as any multinational would do, couldn't care less what the country needed and continued business as usual.
So, if Repsol was losing money, now that Argentina took it back they must be overly happy.
And I can assure you that Repsol will not yet send a jerrycan of gas to thank you for your postings.
You must try harder too.
@ 5 Riki MPH
Nov 09th, 2015 - 12:41 pm - Link - Report abuse 0You just cannot stop lying through your teeth, can you?
“it's vital for a country to be in control of its energy needs instead of being at the mercy of private interests ”
Nov 09th, 2015 - 02:17 pm - Link - Report abuse 0So then why are they not drilling?
Why are they seeking help from private interests?
CUntlips stole the business 3 years again and STILL is not drilling on there own.
@5
Nov 09th, 2015 - 02:35 pm - Link - Report abuse 0Enrique surely the object of any business is to make money either an Argentine company or a foreign company. Wasn't the problem selling into the economy of Argentina but not covering its costs? YPF requires MASSIVE Investment to even tickle the surface, why can you not face facts?
Facts!....Enrique/Quique/Tobi!!......Same sentence????
Nov 09th, 2015 - 03:37 pm - Link - Report abuse 0Surely you jest.....lol. From 65oo miles away what can one possibly expect him to know about the reality in Argentina.
Will you ever return alive Enrique?
For anyone who is interested. He calls himself a journalist. He is nothing but a 2 bit bloger in exile from Argentina. He is not allowed back in Argentina so go easy on his virtual views of Argentina, he is clueless.
http://www.countynewsonline.ca/category/news/
“YPF expects capital expenditures of between $5 billion and $6 billion in 2016, in line with 2015,”
Nov 09th, 2015 - 04:57 pm - Link - Report abuse 0This is next to nothing in oil industry terms, even less in Shale terms.
Simply not going to produce any measurable, never mind significant increase in production.
Unless perchance you happen to find a very large conventional field, next to an existing, large, un-used pipeline.
Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
Nov 09th, 2015 - 05:35 pm - Link - Report abuse 0http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
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