Tag: Vaca Muerta

Wednesday, December 4th 2013 - 00:30 UTC
Petrobras finds unconventional petroleum in Argentina's Vaca Muerta shale deposits

The Argentine unit of Brazilian state-controlled oil giant Petrobras said on Monday that it discovered unconventional petroleum in Argentina’s Vaca Muerta formation. The well is part of the Rincon de Aranda concession in Neuquen province, operated by Petrobras Argentina in a 55%/45% partnership with French oil major Total.
Monday, December 2nd 2013 - 18:51 UTC
Mexico confirms interest in joining YPF to develop of Vaca Muerta shale

Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.
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 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.
Friday, October 25th 2013 - 06:16 UTC
Alleged 'secret clause' in YPF/Chevron shale agreement triggers strong controversy in Argentina

A New York Times piece published on Thursday regarding the agreement between Argentine nationalized oil and gas company YPF with California based Chevron has triggered a strong controversy in Argentina because of an alleged “secret clause” in the commercial document.
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.
Wednesday, September 25th 2013 - 05:57 UTC
Dow Chemical signs accord to jointly develop with YPF Patagonia shale gas

Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.
Wednesday, September 25th 2013 - 05:14 UTC
Germany’s main oil company signs to operate in development of Patagonia’s Vaca Muerta shale deposits

Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.
Wednesday, September 18th 2013 - 20:00 UTC
Argentina’s Vaca Muerta formation among the world’s 23 highest tight oil reserve areas

The Vaca Muerta formation in the Argentine provinces of Neuquén and Mendoza has been ranked among the 23 highest tight oil reserve areas in the world, according to to a report released yesterday by global information company IHS.