Tag: YPF Argentina

Friday, December 27th 2024 - 09:38 UTC
Argentina's YPF sells lubricants subsidiary in Brazil

Argentina's State-owned oil company YPF agreed this week to sell its stake in its Brazilian lubricants subsidiary to the local Usiquimica to achieve “greater focus and profitability” in its operations, it was reported in Buenos Aires. The buyer has been producing and trading chemical products for 80 years.
Wednesday, October 30th 2024 - 10:40 UTC
YPF to sell Metrogas stake to focus on Vaca Muerta

Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.
Tuesday, November 21st 2023 - 08:28 UTC
No more public radio, TV, and newsagency under Milei

Argentina's President-elect Javier Milei announced Monday in a broadcast interview that he would privatize the state-run Public TV (TVP), National Radio, and the news service Télam because he did “not adhere to those practices of having a covert Ministry of Propaganda.” He also explained he had plans for the oil company YPF and flag carrier Aerolíneas Argentinas to no longer hinge financially on the national treasury.
Wednesday, November 1st 2023 - 09:13 UTC
Fuel supply in Argentine getting back to normal pending price increase

Fuel supply in Argentina is slowly getting back to normal as an increase in the price at pumps has been admitted onto a negotiating table, it was reported in Buenos Aires. After shortages throughout the weekend, the Government acquiesced to an increase in the price of gasoline.
Monday, June 29th 2020 - 10:55 UTC
COVID-19 could crush Argentina’s shale boom

By Nick Cunningham of Oilprice.com – Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin.
Monday, January 20th 2020 - 09:55 UTC
Argentina pledges bill to attract investment for production of conventional and unconventional hydrocarbons

Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a spokesman for the Production Development ministry said.
Tuesday, July 31st 2018 - 08:19 UTC
YPF faces a US$ 14 billion lawsuit in the US, dating back to Maxus Energy acquisition

Argentina's hydrocarbons company YPF is facing a fresh lawsuit in the United States, this time for US$14bn, which is twice the market value of the state oil firm, over alleged corporate restructuring that the company was said to have carried out several years ago.
Monday, November 27th 2017 - 12:03 UTC
Canada's PentaNova Energy signs farm-in agreement with YPF in Neuquen basin

Canadian exploration and production company PentaNova Energy announced it signed a final farm-in agreement with Argentine energy company YPF for a further 11% stake in the Llancanelo oilfield, reports Buenos Aires media.
Thursday, October 26th 2017 - 06:49 UTC
YPF unveils ambitious US$ 30bn five-year investment plan

Argentina's state-controlled energy company YPF has unveiled a US$ 30bn five-year investment plan to boost oil production and sharpen its focus on electric power generation. Some US$21.5bn will come from YPF's own coffers, with the remainder to be sourced from its project partners, the company said in a statement on Wednesday.
Tuesday, August 29th 2017 - 19:08 UTC
Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.