Energy & Oil

• Thursday, June 7th 2012 - 06:10 UTC

  Venezuelan opposition plays the nationalist card in territory dispute with Guyana

  

  Venezuela's opposition accused the government on Wednesday of turning a blind eye to neighbouring Guyana's oil exploration in a border region claimed by Venezuela, potentially inflaming a territorial dispute that dates back more than a century.

• Thursday, June 7th 2012 - 05:26 UTC

  JBS to sue Greenpeace on report the meat packer bought cattle bred in de-forested areas

  

  Brazil's JBS, the world's largest meat company, said on Wednesday it would sue environmental organization Greenpeace for what it called false claims that could cause it to lose business and hurt its image.

• Wednesday, June 6th 2012 - 04:28 UTC

  YPF unveils plan to invest 35bn dollars in five years with he help from partners

  

  Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.

• Tuesday, June 5th 2012 - 07:55 UTC

  UK support for ‘threatened’ oil companies and Falklands’ right to develop its own hydrocarbons industry

  

  The United Kingdom gave its full support to the companies involved in oil and gas exploration in Falkland Islands waters, following Argentina’s announcement on Monday it was beginning legal actions against five companies committed to “illegal” and “clandestine” exploration activities in the disputed Malvinas waters.

• Tuesday, June 5th 2012 - 03:01 UTC

  Argentine concludes takeover of YPF naming new board and confirming CEO

  

  Argentina's government concluded the takeover of the country’s largest oil and gas company on Monday by naming a new chief executive and directors, even when YPF former owner - Spain's Repsol, kept one seat on the board.

• Monday, June 4th 2012 - 20:56 UTC

  Argentina declares Falklands’ oil activities “illegal and clandestine” and anticipates criminal and civil actions

  

  Argentina declared on Monday the oil exploration by UK-listed companies in Falkland Islands waters “illegal” and their activities “clandestine”. Argentina has long claimed the Falklands/Malvinas as part of its territory.

• Saturday, June 2nd 2012 - 03:17 UTC

  Repsol’s only purpose was “to milk dry” YPF of resources and reserves

  

  Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.

• Friday, June 1st 2012 - 01:33 UTC

  Repsol regains 6% warranty-stake in YPF and now owns 12.43% of the company

  

  Spain energy Group Repsol regained rights on a 6% warranty-stake in the Argentine oil and gas giant YPF after the Petersen Group, which used to own 25.46% of the company, lost it as the result of not having met payments for the loan through which they initially enter the business without paying a single cent.

• Wednesday, May 30th 2012 - 17:32 UTC

  Repsol pulls out from Cuba oil search after drilling a second dry well

  

  Spanish company Repsol has said it is pulling out of Cuba after failing in a recent attempt to find oil off the island. Chairman Antonio Brufau told journalists and investors that Repsol “won't do another” well in Cuba.

• Sunday, May 27th 2012 - 03:51 UTC

  Ambassador Argüello explains to the US business community YPF seizure

  

  Argentina explained that the YPF seizure was carried out “in order to avoid an energy crisis” in an article which was published in the US edition of The Financial Times newspaper and signed by Ambassador Jorge Argüello.