Tag: YPF Argentina

• Thursday, May 2nd 2013 - 06:33 UTC

  Fire in Argentina knocks out main refinery and imports of gasoline and diesel trebled

  

  Almost four million barrels of diesel and gasoline were shipped from Europe and the US to Argentina where a recent major fire in the country’s main refinery significantly diminished the supply of refined produce. The situation could extend for another two years, according to private estimates from the oil industry.

• Wednesday, April 17th 2013 - 07:47 UTC

  A year on YPF’s seizure, Argentina’s energy challenge remains equally strong

  

  Argentina’s President Cristina Fernández takeover of YPF to pare energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a report from Bloomberg.

• Thursday, April 11th 2013 - 00:39 UTC

  YPF forced to import more fuel following fire in La Plata refinery

  

  Argentina’s state oil and gas company YPF CEO Miguel Galuccio announced that fuel production could drop 7% because of a fire at its refinery in La Plata. A return to full operations at the 180.000 bpd facility is expected in 30-45 days time.

• Wednesday, April 10th 2013 - 07:33 UTC

  Petrobras calls for clear rules to foster investment in shale production development

  

  Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.

• Wednesday, March 27th 2013 - 07:53 UTC

  YPF and US based DOW sign memorandum to develop shale gas in Patagonia

  

  Argentina’s nationalized energy company YPF on Tuesday signed a memorandum of understanding with the local subsidiary of the US Dow Chemical to develop the shale gas deposits in the southern Nequen province.

• Monday, March 18th 2013 - 21:13 UTC

  Argentina should be self-sufficient in energy in five/six years says YPF

  

  Argentina’s energy self-sufficiency can be expected in five to six years said Miguel Galuccio, CEO of YPF, the oil and gas corporation which was nationalized a year ago when the government of President Cristina Fernandez seized a 51% majority from Spain’s Repsol.

• Tuesday, March 5th 2013 - 17:00 UTC

  Singapore wealth fund boosts Spain’s Repsol, recovering from YPF nationalization

  

  Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).

• Wednesday, February 27th 2013 - 01:49 UTC

  Repsol sells package of LNG assets to Shell to cut its debt and hold to credit rating

  

  Spanish energy giant Repsol SA said Tuesday that it agreed to sell a package of liquefied natural gas assets to Royal Dutch Shell Plc in a transaction valued at 6.65 billion dollars. Shell will pay 4.4bn in cash and assume 2.25bn in debt, Repsol said in a regulatory filing.

• Saturday, February 16th 2013 - 20:34 UTC

  Nationalized YPF in 2012 cut oil production decline and showed modest increase

  

  Argentina’s nationalized oil and gas corporation YPF said oil output rose 2.5% last year, compared with an 8% decline in 2011 while natural gas output fell 2.3% on the year, versus an 11% decline in 2011. According to the statement YPF aims to boost oil production by 4% and gas output by 1.8% in 2013.

• Wednesday, February 6th 2013 - 05:33 UTC

  US fund sues YPF and underwriters for a misleading and untrue 2011 prospect

  

  Argentina’s oil and gas corporation YPF, seized by the government last year, was sued by an investor who accused the company of making false statements prior to its March 2011 public offering.