Tag: Vaca Muerta

• Thursday, April 3rd 2014 - 07:25 UTC

  Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

  

  Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.

• Wednesday, February 19th 2014 - 22:16 UTC

  YPF signs agreement with Petronas for shale development in Vaca Muerta

  

  Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.

• Thursday, February 13th 2014 - 03:11 UTC

  YPF buys Houston based Apache's operations and assets in Argentina

  

  Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.

• Thursday, January 30th 2014 - 06:46 UTC

  Argentina's YPF wooing Malaysia Petronas to develop shale deposits

  

  Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.

• Wednesday, January 8th 2014 - 05:58 UTC

  Germany's Wintershall joins Patagonia's Vaca Muerta shale gas and oil rush

  

  Germany's Wintershall signed on Tuesday a farm-in contract with the Argentine Patagonia province of Neuquén to explore Vaca Muerta’s shale gas and oil field. Under the terms of the joint-venture agreement Wintershall together with Gas & Petroleo de Neuquen will explore and develop the Aguada Federal block and are committed to invest 80 million Euros.

• 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.