Tag: YPF Argentina

• Friday, October 31st 2014 - 07:51 UTC

  Argentina approves new hydrocarbons bill to attract foreign investments

  

  Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.

• Thursday, October 9th 2014 - 10:36 UTC

  YPF goes overseas: signs agreement with Ecuador to recover mature fields

  

  Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.

• Thursday, October 9th 2014 - 06:38 UTC

  YPF admits contacts with Russia's Gazprom but no accord or MOU has been reached

  

  Argentina's state-run energy company YPF admitted on Wednesday having held promising meetings with Russia's Gazpron to consider different collaboration and business opportunities, “but so far has not signed any Memorandum of Understanding, MOU or agreement”.

• Monday, September 15th 2014 - 05:11 UTC

  Gas prices must increase to sustain strong investment levels, says YPF Galuccio

  

  Argentina's YPF oil and gas state corporation CEO Miguel Galuccio pointed out that the increase in gas prices is needed in order to sustain “strong investment levels” for the company and revealed that the cost of drilling a well in the country's massive oil field in Vaca Muerta has fallen below 7 million dollars.

• Wednesday, September 3rd 2014 - 22:05 UTC

  Soros signals Argentina’s shale is biggest place to be

  

  One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.

• Friday, August 29th 2014 - 07:32 UTC

  Malaysia Petronas joins YPF to develop shale-oil reserves in Argentina

  

  Argentine government controlled energy company YPF said on Thursday it signed a 550 million dollars agreement with Malaysia's Petronas to develop shale-oil reserves in the massive Vaca Muerta formation.

• Tuesday, August 26th 2014 - 07:24 UTC

  YPF strikes oil and gas in the Kirchner's province

  

  Argentina's petroleum company YPF announced the discovery of new gas and oil reserves in the province of Santa Cruz, with the potential to produce more than 200,000 cubic meters of gas and 370 barrels of oil per day at a depth of 2.770 meters.

• Saturday, August 16th 2014 - 11:15 UTC

  Billionaire Soros becomes the fourth largest holder of YPF shares

  

  George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.

• Monday, June 2nd 2014 - 07:42 UTC

  YPF announces the discovery of 'tight gas' in Mendoza

  

  Argentina state oil producer YPF announced on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement.

• Friday, May 23rd 2014 - 23:38 UTC

  Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

  

  Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.