Tag: oil company

• Saturday, January 25th 2020 - 09:34 UTC

  Argentina's YPF returns successfully to money markets: issues US$ 164 million debt

  

  Argentina’s state energy company YPF said it issued debt of US$ 164 million on Wednesday, in a result it said exceeded its expectation.

• Saturday, November 23rd 2019 - 09:04 UTC

  Mexico's giant Pemex, remains world's most indebted oil company

  

  A Mexican government energy policy that gives more weight to state oil company Pemex could cause private sector investment to fall, an analyst with credit ratings agency Standard & Poor’s said on Friday.

• Tuesday, June 25th 2019 - 09:05 UTC

  US Supreme Court upholds lower court shareholder lawsuit against YPF

  

  The U.S. Supreme Court on Monday rejected Argentina’s bid to fend off a lawsuit by energy company Petersen Energía Inversora, S.A. seeking compensation for shares it owned in the now-nationalized YPF S.A. energy company.

• Tuesday, June 25th 2019 - 08:48 UTC

  YPF back in the money market issuing US$ 500 million ten year notes

  

  YPF, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The state-owned driller issued US$ 500 million of 10-year, dollar-denominated notes to yield 8.75%.

• Monday, February 18th 2019 - 10:08 UTC

  Russian bank freezes Venezuela's oil company accounts, fearing US sanctions

  

  Russian lender Gazprombank has frozen the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under US sanctions, according to Reuters.

• Friday, September 28th 2018 - 08:17 UTC

  Petrobras gradually moving out of lawsuits stemming from major corruption scheme

  

  Petrobras, Brazil's state oil company, has agreed to pay more than US$ 853m to the United States and Brazil, ending a long-running corruption investigation. The probe stemmed from a bribery scheme at the firm, which involved millions in payments that were concealed from investors and regulators.