
American Energy said on Monday it has been unable to regain access to a strategically important oil and gas field it operates in Argentina's Chubut Province because protesters are blocking the roads leading to it.

Argentine provinces are falling back in paying salaries and honouring debts as they face a shortage of cash and almost record rates for issuing bonds in money markets, reports Buenos Aires financial press.

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.

Argentine Patagonia Chubut province could move to revoke oil and gas concessions held by Spain’s Repsol controlled oil and gas giant YPF SA as soon as Wednesday, a provincial official said Monday.

The Patagonian province of Chubut said that contrary to what happened earlier this week in Tierra del Fuego, there is no ban on any cruise vessel flag and all are welcome to dock and make use of the provincial ports’ services, particularly Puerto Madryn which belongs to the South Atlantic sea tourism circuit.