Tag: Repsol

• Wednesday, May 16th 2012 - 21:58 UTC

  State-controlled YPF wants to keep its ADS listed in the New York exchange

  

  Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.

• Wednesday, May 16th 2012 - 01:33 UTC

  Repsol sues Argentina over YPF in NY court and also takes the case to World Bank arbitration

  

  Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.

• Tuesday, May 15th 2012 - 01:36 UTC

  YPF’ golden boy in 2009 was offered the same job but his demands were considered ‘excessive’

  

  Miguel Galuccio the new CEO of seized oil corporation YPF had already discussed conditions with the Argentine government for the job back in 2009, reveals the Spanish press. At that time no agreement was reached because the salary and other conditions he demanded were considered excessive.

• Monday, May 14th 2012 - 23:17 UTC

  Argentina writes to EU expressing “great concern” because of Spanish ban on bio-diesel

  

  The Argentine government expressed “great concern” on Monday following the decision from the Spanish government to ban bio-diesel “not produced within the European Union” from the country.

• Friday, May 11th 2012 - 21:15 UTC

  IAE warns Argentina YPF seizure could scare away international oil companies

  

  Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.

• Tuesday, May 8th 2012 - 01:58 UTC

  Respsol warns its peers with legal actions if they team up with nationalized YPF

  

  Spain-based energy group Repsol has sent letters to oil majors including Exxon-Mobil, Chevron and Conoco-Phillips warning it would sue them if they try to invest in YPF or its assets, reports the British newspaper The Financial Times.

• Monday, May 7th 2012 - 17:33 UTC

  Argentina takes official control of YPF; Rajoy asks: who can trust that country?

  

  The Argentine decision to seize control of 51% of YPF oil and gas giant came into effect on Monday as a decree was published on the Official Gazette. From Spain a new barrage of criticisms in support of Repsol and condemning Argentina started the week.

• Friday, May 4th 2012 - 06:01 UTC

  Euphoric Argentine lawmakers celebrate final approval of YPF seizure

  

  After a two-day session, Argentina’s Lower House voted late Thursday night 207-32 in favour of expropriating energy corporation YPF, clearing the way for President Cristina Fernandez to sign the controversial bill into law.

• Monday, April 30th 2012 - 04:11 UTC

  New YPF management says gas supply is guaranteed, in spite of Repsol

  

  The current managers of YPF accused Spain’s Repsol of deliberately delaying or ignoring contracts to supply Argentina with liquid natural gas, following the seizure of a majority stake in the company belonging to the Spanish corporation.

• Tuesday, April 24th 2012 - 06:20 UTC

  S&P downgrades Repsol’s rating; sees no compensation payment in near-term

  

  Rating Agency S&P announced on Thursday it was downgrading Spain-based energy company Repsol-YPF after Argentina’s government announced the expropriation of 51% of its shares. The rating was lowered from BBB to BBB (minus), the agency said in a statement.