Energy & Oil

• Friday, April 13th 2012 - 07:24 UTC

  “Public interest” draft bill taking over 50.01% of YPF in Argentine congress

  

  Argentine president Cristina Fernandez has sent a draft bill to her lawmakers in Congress that would allow the government to take a controlling stake in local oil and gas giant, YPF SA at the expense of its two largest shareholders, newspaper Clarin reported Thursday.

• Thursday, April 12th 2012 - 17:15 UTC

  Judge denies injunction to bar Chevron from operating in Brazil

  

  Brazilian judge denied an injunction seeking to bar oil company Chevron Corp and drill-rig operator Transocean Ltd from operating in Brazil after two offshore oil leaks, a federal court in Rio de Janeiro said this week.

• Thursday, April 12th 2012 - 00:56 UTC

  'K' Day for the future of YPF; shares in Buenos Aires and New York plunge

  

  Shares in Argentina's biggest energy company YPF plunged 5.6% in Buenos Aires on Wednesday while the company's US-listed shares were 5% lower in New York.

• Wednesday, April 11th 2012 - 06:35 UTC

  A possible Chinese exit for the ongoing clashes between Repsol YPF and Argentina

  

  China National Offshore Oil Corporation, CNOOC, could prove to be the solution for the ongoing clash between the Argentine government and Spain’s Repsol which holds a majority stake in YPG, Argentina’s main oil and gas company.

• Wednesday, April 11th 2012 - 06:33 UTC

  Petrobras and Argentine government reach tentative agreement to increase investments

  

  The escalade between the Argentine government and the oil companies seems to have cooled off for a few hours on Tuesday following a meeting of Planning Minister Julio De Vido with top officials from Petrobras Argentina, and which was described as ‘productive’.

• Tuesday, April 10th 2012 - 23:05 UTC

  Argentine Foreign ministry says BP not interested in developing Falklands’ oil

  

  British oil giant BP will not be involved in exploration or production activities in the Falkland Islands, according to the Argentine Foreign Affairs ministry which just a few days ago sent threatening letters to oil industry and financial corporations which could be working or assessing in the disputed South Atlantic waters.

• Tuesday, April 10th 2012 - 05:40 UTC

  Repsol CEO in Argentina trying to prevent YPF takeover by the government

  

  Repsol's chairman Antonio Brufau has asked for a meeting with officials from the Argentine government, which investors fear could seize control of the Spanish oil major's unit in Argentina, YPF.

• Tuesday, April 10th 2012 - 05:36 UTC

  Mexico presidential front runner wants PEMEX to emulate success of Petrobras

  

  Mexico’s presidential front-runner wants state oil monopoly Petroleos Mexicanos (Pemex) to emulate the success of Brazil’s Petrobras and ramp up private-sector involvement that could possibly pave the way for a stock listing in the future.

• Thursday, April 5th 2012 - 15:45 UTC

  Argentina picks a fight with Brazil oil giant Petrobras and revokes oil concession

  

  Brazilian oil giant Petrobras assured that it has complied with all terms of its Argentine Patagonia Neuquén province oil exploitation contract, following provincial governor Jorge Sapag's announcement of the termination of the concession contract in Veta Escondida area.

• Thursday, April 5th 2012 - 15:41 UTC

  Argentina denies plan to acquire stake in YPF but provinces continue to rescind concessions

  

  Argentina’s Planning Minister Julio de Vido denied a report by Buenos Aires newspaper Clarin that the government is working on a plan to use state-controlled pensions Anses to buy a stake in oil corporation YPF, he said in a statement.