Tag: YPF Argentina

• Tuesday, May 28th 2013 - 06:10 UTC

  YPF loses arbitration that could cost 1.6bn dollars; stocks plunge 3.6%

  

  YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.

• Wednesday, May 15th 2013 - 07:29 UTC

  Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

  

  Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.

• Friday, May 10th 2013 - 06:10 UTC

  Repsol first quarter profits jumped 38% on the year mainly on higher production

  

  Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.

• Thursday, May 2nd 2013 - 07:06 UTC

  YPF admits ‘inflation in Argentina is a problem” and could be higher by next year

  

  Argentine nationalized energy company YPF warned on Tuesday that inflation in the country may keep rising and affect its results, a rare admission considering the company is controlled by a government known for playing down the problem.

• 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.