Tag: Repsol YPF, S.A.

• Friday, March 30th 2012 - 07:31 UTC

  YPF announces discovery of huge unconventional shale oil deposits in Mendoza

  

  Argentina's biggest energy company YPF, has found unconventional shale oil and natural gas in Mendoza province, confirming the extension of the massive Vaca Muerta area, officials said on Thursday.

• Wednesday, March 28th 2012 - 00:36 UTC

  Argentina again warns Repsol-YPF as provinces terminate production concessions

  

  Amidst raising tensions between the Argentine government and Spain’s Repsol-YPF oil company, Interior Minister Florencio Randazzo warned on Tuesday that the administration led by President Cristina Fernández will take “all necessary measures to guarantee the country's energy self-supply”.

• Monday, March 26th 2012 - 08:18 UTC

  Argentine province of Salta joins the pack and revokes YPF oil concessions

  

  As was anticipated yet another Argentine province, Salta, announced Sunday its decision to revoke a concession from Spanish held oil company YPF. The governor from the north-west province of Salta, Juan Manuel Uturbey, and a close ally of President Cristina Fernandez, announced his decision to revoke oil company YPF concession of the Tartagal Oeste area and his intention to include it in a list of areas that will be put out to tender.

• Friday, March 23rd 2012 - 23:11 UTC

  Another Argentine province cancels oil concessions to Spain’s held YPF

  

  The Argentine province of Mendoza joined on Friday other oil producing areas of the country in cancelling concession contracts which has been awarded to the Spanish owned oil corporation Repsol-YPF, with which the government of President Cristina Fernandez is involved in a controversy over long term investment.

• Friday, March 23rd 2012 - 22:56 UTC

  Fitch lowers Repsol-YPF rating; growing intervention of Argentine government feared

  

  Fitch Ratings has lowered its long-term rating on Spanish oil company Repsol YPF SA by one notch to BBB after its Argentine unit said it would pay out its dividend in shares instead of cash. Last week Moody’s adopted a similar decision. The company is currently in a dispute with the Argentine government.

• Thursday, March 22nd 2012 - 01:55 UTC

  Argentine government and YPF can’t agree on the future of the oil company

  

  Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions.

• Tuesday, March 20th 2012 - 23:51 UTC

  Spain vows to defend Repsol-YPF interests in Argentina; board meeting to decide on YPF profits

  

  Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.

• Thursday, March 15th 2012 - 06:07 UTC

  YPF survival battle to remain private took off in two Patagonian provinces

  

  The governments of the Patagonian provinces of Chubut and Santa Cruz announced the termination of the contract of exploitation of four different oil wells that YPF handles in the Gulf San Jorge and that both provinces share. Spain’s Repsol, the oil giant that controls YPF has announced it will file a lawsuit against the measure.

• Tuesday, March 13th 2012 - 07:24 UTC

  First deadline for Repsol-YPF: invest or loose concessions in Chubut

  

  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.

• Friday, March 9th 2012 - 06:19 UTC

  Argentine government and YPF clash over the company’s dividends policy

  

  The relationship between the Argentine Government and the Spanish Repsol-YPF oil company continues to strain in spite of recent announcements and contacts to try and cool the situation.