
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.

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.

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’.

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.

US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.

US air industry giant Boeing announced today that it will establish a research and technology centre in Sao Paulo that will work with Brazil’s leading researchers and scientists to develop aerospace technologies.

Argentina’s notorious Interior Trade Secretary Guillermo Moreno has triggered another controversy, this time among board members from Industries Union of Argentina, UIA, involving one of its vice-presidents and the CEO of Fiat.

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.

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.

Argentina is considering applying measures to restrict the import of Mexican cars, which could include unilaterally denouncing the Economic Complementation Agreement (ACE) 55, which regulates bilateral trade, Argentine government sources told local media, ámbito.com.