Tag: YPF Argentina

• Tuesday, June 7th 2016 - 09:04 UTC

  Ex Total top engineer named Argentina's YPF CEO

  

  Argentina's state oil company YPF said on Monday it has named Ricardo Darre chief executive officer, as the company makes leadership changes under the new pro-business government.

• Saturday, June 4th 2016 - 08:57 UTC

  YPF and ENAP agree to increase gas and oil production off Magellan Strait

  

  Argentina's YPF and Chile's Enap Sipetrol announced a joint project to expand the production of natural gas and crude from the offshore Magallanes Deposits, (PIAM), to the east of Magellan Strait Reserve. Representatives from Tierra del Fuego province and Magallanes Region, and from the two companies, attended the announcement ceremony.

• Thursday, May 26th 2016 - 06:05 UTC

  Argentina confident Patagonia's shale formation foreign interest remains strong

  

  Argentina's Vaca Muerta shale formation in Patagonia remains an attractive asset for international investors, many of which are looking to increase the amount they have invested so far, according to the country's Energy Minister Juan José Aranguren, a former Shell Argentina CEO.

• Saturday, April 30th 2016 - 11:45 UTC

  YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

  

  Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange.

• Thursday, March 10th 2016 - 05:49 UTC

  CEO Galuccio confirms he's leaving YPF and pledges “ordered transition”

  

  Miguel Galuccio confirmed he will be resigning as Argentina's YPF CEO and said he will guarantee an “ordered transition” ahead of the appointment of his successor. In a statement released on Wednesday, Galuccio said he will remain in his position until the upcoming Ordinary Shareholders Assembly takes place. He is expected to leave the state-run company after April 30.

• Monday, March 7th 2016 - 05:12 UTC

  Argentina's YPF planning to cut capital expenditure by at least 20/25%

  

  Argentina's state-controlled energy company YPF will cut capital expenditure by at least 20-25% this year to mitigate the impact of the global oil price rout — leading to growing concerns among union leaders, who claim up to 2,000 workers would be laid off because of the company’s decision.

• Monday, February 1st 2016 - 05:48 UTC

  Chile to provide gas to Argentina in winter months; Enap and YPF will increase production in Magallanes

  

  The government of Chile will be selling energy-short Argentina 5.5 million cubic feet of natural gas a day starting in May, providing also 200 MW of electricity through the interconnection system between both countries. Chile also committed to invest 200 million dollars in the Incremental Project of the Magallanes Area to boost hydrocarbon production.

• Wednesday, December 16th 2015 - 08:20 UTC

  YPF and Dow sign US$500m agreement to further develop shale gas

  

  Argentina announced on Tuesday an agreement between state-run oil company YPF and Dow Chemical to spend $500 million next year developing a natural gas project in the Patagonia region.

• Friday, August 7th 2015 - 06:53 UTC

  YPF profits up, but no new joint-ventures in sight to develop Patagonia shale

  

  Argentina's state-managed energy firm YPF posted a second quarter net income of 2.297 billion pesos ($252.8 million) on Wednesday, a 50.5% increase on the same period last year. YPF earnings have been cushioned from the collapse of international oil prices by a government-controlled price for oil produced in the country, which sits at about $78 dollars per barrel.

• Monday, June 8th 2015 - 08:32 UTC

  YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day

  

  Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said.