Energy & Oil

• Wednesday, April 4th 2012 - 01:47 UTC

  YPF shares plummet on growing investors’ fear of Argentine government takeover

  

  Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.

• Tuesday, April 3rd 2012 - 03:33 UTC

  Americas Summit expected to release support-statement for Argentina’s Falklands claim

  

  Thirty years after the Falklands/Malvinas war, Latin America seems to be closing ranks behind Argentina's sovereignty claim over the disputed islands and reviving a bid for control in the resource-rich South Atlantic.

• Monday, April 2nd 2012 - 09:29 UTC

  UK and French companies awarded eight blocks in Uruguay’s offshore oil round

  

  UK’s BP, BG Group, London-based Tullow Oil and French oil major Total were awarded a total of eight offshore blocks in an Uruguayan bidding round and will invest 1.56 billion dollars in exploration of those areas, state energy company Ancap announced.

• Monday, April 2nd 2012 - 05:28 UTC

  China’s Sinopec buys 30% stake in Portugal’s Galp operations in Brazil

  

  Chinese oil group Sinopec officially completed a deal to buy a 30% stake in Petrogal Brasil which is responsible for oil and gas exploration and production activities of Portugal’s Galp Energia in Brazil.

• Sunday, April 1st 2012 - 08:49 UTC

  Argentina has decided to take control of YPF, says pro-government newspaper

  

  The Argentine government has made the decision to take control of leading energy company YPF and is discussing whether to renationalize it or intervene in its administration, a newspaper reported on Saturday.

• Sunday, April 1st 2012 - 07:58 UTC

  Oil leaks cast a shadow over the development of Brazil’s offshore huge reserves

  

  Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves.

• Friday, March 30th 2012 - 17:04 UTC

  PetroChina replaces Exxon-Mobil as world’s largest publicly traded oil producer

  

  Beijing oil company PetroChina has become the world’s largest publicly-traded oil producer, surpassing Exxon Mobil Corp. in production last year, reported several international news agencies.

• Friday, March 30th 2012 - 07:31 UTC

  YPF announces discovery of huge unconventional shale oil deposits in Mendoza

  

  Argentina's biggest energy company YPF, has found unconventional shale oil and natural gas in Mendoza province, confirming the extension of the massive Vaca Muerta area, officials said on Thursday.

• Friday, March 30th 2012 - 07:05 UTC

  Brazil’s union files lawsuit against Chevron and Transocean over oil spill

  

  Brazil's largest oil workers union filed a lawsuit against US oil company Chevron and drilling firm Transocean that seeks to cancel their rights to operate in the country as the result of an offshore oil spill last November.

• Friday, March 30th 2012 - 06:58 UTC

  Nine companies submit 19 bids to explore for oil offshore Uruguay

  

  Nine oil and gas companies have submitted 19 bids to explore for hydrocarbons off the coast of Uruguay, the state energy company Ancap said on Thursday.