Energy & Oil

• Tuesday, May 28th 2013 - 06:10 UTC

  YPF loses arbitration that could cost 1.6bn dollars; stocks plunge 3.6%

  

  YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Thursday, May 23rd 2013 - 19:45 UTC

  Energy - Balancing the Bonanza: Interview with Mark Thoma

  

  Interview by James Stafford of Oilprice.com - If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it's the economist who can set things straight.

• Tuesday, May 21st 2013 - 06:45 UTC

  Falkland Islands: it’s a three-side debate; Argentina must recognize Islanders right to decide their future

  

  UK conditioned a possible re-launching of agreements on hydrocarbons and fisheries in the South Atlantic to Argentina accepting ‘there will be no sovereignty negotiations’ regarding the Malvinas Islands and called for the Argentine government to respect the wishes of the Falkland Islanders.

• Saturday, May 18th 2013 - 06:53 UTC

  Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

  

  PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official.

• Thursday, May 16th 2013 - 07:10 UTC

  Argentina challenges EU bio-diesel import restriction rules before WTO

  

  Argentina has launched a challenge at the World Trade Organization against European Union rules for importing and marketing bio-diesel, the WTO said.

• Thursday, May 16th 2013 - 03:24 UTC

  Chevron agrees to invest 1.5bn dollars in developing YPF shale field in Patagonia

  

  Argentina’s nationalized oil company YPF signed on Wednesday an agreement with US oil major Chevron Corp to define the terms and conditions of Chevron's investment of 1.5 billion dollars in the vast Vaca Muerta shale field.

• Wednesday, May 15th 2013 - 21:59 UTC

  Paraguay on Independence Day blasts Argentina and Brazil over “power resource exploitation”

  

  President Federico Franco said Paraguay has long cancelled its debts for the construction of two huge shared hydroelectric dams with its powerful neighbours and demanded Argentina pay for the surplus energy it receives and compensation for flooding Paraguayan territory.

• Wednesday, May 15th 2013 - 17:26 UTC

  North American oil production surge forecasted to transform world market in next five years

  

  The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released this week.

• Wednesday, May 15th 2013 - 07:29 UTC

  Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

  

  Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.