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MercoPress, en Español

Montevideo, April 5th 2026 - 07:57 UTC

Tag: YPF

  • Sunday, March 29th 2026 - 11:29 UTC

    A week to forget for Milei: Adorni scandal, skeptical markets, cultural battle collapse

    Public opinion indicators deepened the administration's concerns. A Universidad de San Andrés poll recorded just 33% satisfaction with the government, a seven-point drop since November 2025

    Argentine President Javier Milei's administration closed one of its worst weeks in office, cornered by an expanding judicial front against Cabinet Chief Manuel Adorni, adverse market signals, and the collapse of its discursive offensive on historical memory.

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  • Saturday, March 28th 2026 - 03:57 UTC

    New York court overturns $16 billion ruling against Argentina in YPF expropriation case

    The court held that trial judge Loretta Preska misinterpreted Argentine law by treating YPF's bylaws as a bilateral contract

    The U.S. Court of Appeals for the Second Circuit in New York overturned on Thursday the ruling that required Argentina to pay over $16 billion in compensation to minority shareholders of YPF for the 2012 expropriation of the oil company. The decision, issued with one dissenting vote, represents Argentina's largest judicial victory abroad in over a decade of litigation.

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  • Saturday, March 14th 2026 - 16:03 UTC

    U.S. again backs Argentina in YPF case, urging halt to “intrusive” discovery

    This is not the first time Washington has intervened in Buenos Aires’ favor in the case

    The U.S. government has filed a new memorandum before the Second Circuit Court of Appeals in New York backing Argentina’s request to suspend post-judgment discovery in the YPF expropriation case. Argentina’s Treasury Solicitor’s Office said the filing supports the emergency motion submitted on March 6 seeking to pause document production, a sanctions request and an evidentiary hearing scheduled for April.

  • Wednesday, March 4th 2026 - 13:04 UTC

    Argentina hits oil output record on Vaca Muerta as Brent tops $80 on Iran war

    Official data put January production at 4,262,675 cubic meters, topping the previous high set in December 2025

    Argentina posted its highest monthly crude output on official record in January, at a time when global energy markets are again under strain from the Iran–Israel–US conflict and renewed pressure on key supply routes.

  • Friday, January 23rd 2026 - 23:16 UTC

    YPF and Pluspetrol swap upstream stakes to deepen Vaca Muerta push and feed Argentina LNG plan

    Pluspetrol will become a shareholder in Vaca Muerta Inversiones (VMI)—a YPF-controlled vehicle with exposure to the La Escalonada and Rincón de Ceniza blocks

    Argentina’s state-run oil company YPF and local producer Pluspetrol have agreed to a portfolio swap aimed at reshaping their positions in the Vaca Muerta shale play and strengthening supply for YPF’s flagship liquefied natural gas (LNG) export initiative.

  • Friday, January 16th 2026 - 10:20 UTC

    YPF lawsuit: Burford asks US court to hold Argentina in contempt

    Although the ruling has been appealed, US judgments can be enforced pending appeal

    Burford Capital, the main beneficiary of a US$16 billion first-instance ruling against Argentina over the 2012 expropriation of YPF, has asked federal judge Loretta Preska to hold the country in contempt and impose sanctions, citing alleged failures to comply with discovery orders.

  • Saturday, August 16th 2025 - 10:55 UTC

    YPF case: NY Court of Appeals rules in favor of Argentina

    The stay is limited solely to the June 30 surrender order from Judge Loretta Preska

    The Second Circuit Court of Appeals in New York has suspended a lower court's order that required Argentina to transfer 51% of its shares of the state oil company YPF to a New York bank. This overruling of Judge Loretta Preska's Sept. 2023 order is a significant win for Buenos Aires, as it allows the South American country to appeal the $16 billion judgment without having to surrender a key state asset

  • Monday, July 14th 2025 - 19:11 UTC

    Judge Preska insists Argentina must pay for YPF expropriation

    Argentina has until Thursday to appeal Monday's ruling

    Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss of control over its national oil company.

  • Tuesday, July 1st 2025 - 10:55 UTC

    US judge rules against Argentina in YPF restatization case

    The Argentine State retook control of YPF during CFK's second presidency when Kicillof was economy minister

    Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wall Street, 3% locally) and a 2% drop in the Merval index.

  • Wednesday, October 9th 2024 - 09:13 UTC

    YPF to relocate Vaca Muerta HQs to Buenos Aires

    Decisions are no longer made based on the work of the Company Man at the foot of the well, Marín insisted

    Argentina's state-run oil company YPF announced Tuesday that it would be opening an operations center in its tower in the exclusive Puerto Madero district in Buenos Aires to run Vaca Muerta. The move is expected to cut costs by 30% and save up to US$ 1.5 billion a year.

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