Energy & Oil

• 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.

• Thursday, April 5th 2012 - 14:45 UTC

  Green light for huge controversial hydroelectric project in Chilean Patagonia

  

  Chile's Supreme Court Wednesday removed the last legal obstacle to building a giant 2.9 billion dollars hydroelectric complex in the Patagonian wilderness, rejecting a bid by environmentalists to block it.

• 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.