Tag: Repsol

Thursday, November 28th 2013 - 11:02 UTC
Repsol board backs compensation deal offered by Argentina for seized YPF

Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.
Wednesday, November 27th 2013 - 06:35 UTC
YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.
Tuesday, November 26th 2013 - 08:47 UTC
YPF and Repsol reach an 'agreement in principle' with Mexican mediation

The dispute between the Argentine government and Repsol over the seizure of a 51% stake in petroleum company YPF has shown some signs of cooling, with the Ministry of Economy announcing on Monday that an “agreement in principle” for compensating the Spanish corporation had been reached.
Tuesday, November 19th 2013 - 09:08 UTC
US government sides with Repsol in the YPF assets seizure with Argentina

United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.
Thursday, October 3rd 2013 - 23:12 UTC
Argentine oil company finds way to invest in Vaca Muerta and elude legal action from Repsol

One day after the Argentine government extended the deadline to legalize undeclared cash, energy company Bridas International gave new life to the BAADE energy bonds, the most relegated portion of the whitewash scheme, by saying it would snap up 500 million dollars of the paper.
Thursday, October 3rd 2013 - 07:19 UTC
Repsol expands 70% a natural gas processing plant capacity in Bolivia

Bolivian President Evo Morales and the chairman and CEO of Spanish energy major Repsol, Antonio Brufau, inaugurated the newly expanded Margarita natural gas processing plant, with a capacity increased of nearly 70%.
Thursday, September 12th 2013 - 01:55 UTC
Spanish government recommends Repsol ‘negotiations’ with Argentina over YPF

Spanish Foreign minister Jose Manuel Garcia-Margallo said that the ‘best solution’ for Spain and Argentina on the dispute over the seizure of a majority stake of YPF from Repsol is “negotiations” and emphasized that Madrid will back Spanish corporations in what it ‘considers convenient’.
Friday, September 6th 2013 - 01:52 UTC
Repsol expands gas production in Bolivia to supply growing Argentine demand

Spain’s Repsol inaugurated on Thursday, a month before schedule, a new module of its gas processing plant in Margarita in the south of Bolivia which will allow the company in three weeks, to significantly increase its production and delivery to Argentina, its main client.
Tuesday, August 20th 2013 - 01:42 UTC
Argentina challenges ICSID judges in the dispute with Repsol over YPF seizure

Argentina formally challenged on July 29 the appointments of Judge Francisco Orrego Vicuña as mediator in Argentina’s dispute with Spanish oil firm Repsol and Claus von Wobeser as the head of the International Centre for Settlement of Investment Disputes (ICSID)’s arbitral tribunal that will pronounce a ruling in the case, it was revealed by Telam the official news agency.
Friday, August 2nd 2013 - 03:01 UTC
Argentina’s energy challenges according to The Economist: Flogging a dead cow

The Economist in its latest printed edition addresses Argentina’s challenges in the energy field including the seizure of a majority stake in YPF from Spain’s Repsol and the latest agreement with US oil company Chevron to exploit shale oil and gas.