Energy & Oil

• Wednesday, June 20th 2012 - 06:19 UTC

  Brazilian bank purchases 3.6% stake in nationalized YPF

  

  Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.

• Tuesday, June 19th 2012 - 23:56 UTC

  Argentina invites Russia’s Gazprom to consider investing in YPF operations

  

  The technical teams of Argentine nationalized hydrocarbon companies YPF and Russia’s Gazprom will begin to do joint work in the area, said Foreign Minister Héctor Timerman

• Tuesday, June 19th 2012 - 23:23 UTC

  Slim downplays meaning of YPF shares deal: “it was the exercise of a financial guarantee”

  

  Carlos Slim Domit, son of tycoon Carlos Slim who recently acquired 8.4% of the shares of YPF oil company, confirmed on Monday that their arrival “was not a share purchase but the exercise of a financial guarantee,” which they have been working on in the last four years.

• Monday, June 18th 2012 - 03:18 UTC

  Frozen fuel prices make it difficult for Petrobras to engage in ambitious development program

  

  Brazil's state-led oil company Petrobras is likely to struggle to find the cash to pay the recently announced world's largest corporate investment program. The country needs money to pay hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020.

• Monday, June 18th 2012 - 00:56 UTC

  Chile’s ENAP recovers oil concession revoked when Argentina seized YPF from Repsol

  

  Chile's state-owned oil and gas company ENAP, Empresa Nacional del Petroleo, recovered the Southern Argentine concession revoked in March by Chubut province, when the dispute over YPF, ENAP said in a statement Friday.

• Friday, June 15th 2012 - 03:26 UTC

  Mexican billionaire Slim holds 8.4% of re-nationalized YPF shares

  

  The family of Mexican billionaire Carlos Slim owns 8.4% of YPF shares, Argentina's recently re-nationalized oil and gas company said in a filing with the US Securities and Exchange Commission on Thursday.

• Thursday, June 14th 2012 - 18:35 UTC

  Falkland Islands Holdings sees “significant opportunities” with hydrocarbons industry

  

  London’ AIM quoted international services group Falkland Islands Holdings has raised eight million pounds following a subscription for shares by Blackfish Capital, an investment fund, reported the company in a release.

• Thursday, June 14th 2012 - 10:49 UTC

  Shell drops plan to buy sugar cane grown on land taken from indigenous people

  

  Shell subsidiary that makes bio-diesel in Brazil has dropped controversial plans to buy sugar cane grown on land taken from indigenous people, according to Survival International.

• Monday, June 11th 2012 - 03:28 UTC

  Argentina claims Falklands and slams UK for ‘illegal exploitation of natural resources’

  

  Ahead of a week of intense diplomatic exchanges and on the Day of the Affirmation of the Argentine Rights Over the Malvinas, Islands and Antarctic Sector, the Argentine Government once again ratified its claim over the Islands’ sovereignty and questioned the UK over the “illegal exploitation of their natural resources” and the “increased militarization of the South Atlantic region.”

• Friday, June 8th 2012 - 20:05 UTC

  Chile plans to drill eight wells looking for oil and gas in Magallanes region

  

  Chilean government oil and gas corporation, ENAP, presented this week the environment impact assessment for a project to drill eight wells for the extraction of hydrocarbons in the extreme south region of Magallanes in the so-called “Sub-block Manantiales”.