Energy & Oil

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.
Wednesday, July 18th 2012 - 08:18 UTC
“New” YPF first shareholders’ meeting turns dividends into investment fund

Argentina’s seized oil and gas corporation YPF drastically cut dividend payments and created an investment fund following the first shareholders meeting since the nationalization by President Cristina Fernandez.
Tuesday, July 17th 2012 - 19:21 UTC
YPF contracting “outstanding professionals” to develop technology department

Argentina’s nationalized oil and gas corporation YPF announced the incorporation to its staff of two “outstanding professionals” for its technology department, Bernard Gremillet and Gustavo Bianchi, which at some time belonged to the company but had left for personal reasons.
Tuesday, July 17th 2012 - 04:55 UTC
Premier Oil Falklands’ deal has full support from Foreign Office and markets

Britain's Premier Oil which reached a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands took advice from the Foreign Office before closing the deal, according to UK media.
Tuesday, July 17th 2012 - 04:51 UTC
Argentina warns UK company over involvement in Falklands’ oil production

Argentina will take legal actions against Britain's Premier Oil after the company agreed to invest 1 billion dollars to help develop an oil field off the disputed Falkland Islands, Argentina's Foreign Ministry said on Monday.
Monday, July 16th 2012 - 15:09 UTC
Disappointing results from oil drilling to the south of the Falklands

Borders & Southern Petroleum reported on Monday disappointing results in the Falkland Islands from the latest well to be drilled as part of the controversial search for oil in the South Atlantic islands over which Argentina claims sovereignty.
Saturday, July 14th 2012 - 00:36 UTC
Argentine province reviewing BP operating licence in main oil field

Argentina’s Chubut province is reviewing the operating license of BP Plc main oil field in the country and may revoke it, the provincial oil minister said. The review started after operations were interrupted last month for over three weeks during a workers’ protest, Minister Ezequiel Cufre said in an interview in Buenos Aires.
Friday, July 13th 2012 - 23:46 UTC
Rousseff pledges to prop the economy but with no EU-style austerity measures

Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Friday, July 13th 2012 - 06:52 UTC
The Argentine government moves into the power distribution sector

Argentina's government appointed an “observer” Thursday to oversee business operations at the power distributor Edesur SA, after the company reportedly failed to make a payment to a regulatory company.
Thursday, July 12th 2012 - 19:36 UTC
Rockhopper signs a billion dollars deal to develop Falklands’ oil discovery

Britain's Premier Oil announced on Thursday a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands.