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MercoPress, en Español

Montevideo, March 28th 2025 - 18:17 UTC

Tag: YPF Argentina

  • Saturday, March 29th 2014 - 05:29 UTC

    Repsol infighting reveals disappointment with CEO Brufau

    Pemex among other stake holders wants Brufau replaced

    Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.

  • Tuesday, March 4th 2014 - 23:35 UTC

    YPF oil and gas production up in January but still not enough

    President Cristina Fernández government seized a majority stake in YPF in April 2012

    Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

  • Tuesday, February 25th 2014 - 20:43 UTC

    Repsol board approves the YPF compensation deal worked out with Argentina

    Cabinet chief said the deal was 'positive' for Argentina to recover energy self-sufficiency

    Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.

  • Saturday, February 22nd 2014 - 06:21 UTC

    YPF and Repsol are expected to sign a compensation deal next week

    Apparently Spain's Rajoy and Mexico's Peña Nieto have played important roles in helping to reach a deal

    Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.

  • Wednesday, February 19th 2014 - 22:16 UTC

    YPF signs agreement with Petronas for shale development in Vaca Muerta

    YPF CEO Galuccio has the job of making Argentina again self sufficient

    Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.

  • Thursday, February 13th 2014 - 03:11 UTC

    YPF buys Houston based Apache's operations and assets in Argentina

    YPF CEO Galuccio making the announcement

    Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.

  • Thursday, January 30th 2014 - 06:46 UTC

    Argentina's YPF wooing Malaysia Petronas to develop shale deposits

    CEO Galuccio is in Kuala Lumpur to meet Petronas chief

    Argentina oil company YPF is courting Malaysia's Petronas as a possible partner to develop the promising Vaca Muerta shale, according to reports. YPF chief executive Miguel Galuccio was in Kuala Lumpur for a meeting on Wednesday with Petronas leader Tan Sri Dato Shamsul Azhar Abbas, the La Nacion newspaper reported.

  • Friday, December 20th 2013 - 05:49 UTC

    Argentina threatens to nationalize power companies because of the blackouts

    Capitanich: if they are not willing to give people the service they deserve, we will be willing to take over that service

    Argentina on Thursday threatened to nationalize utility companies Edenor and Edesur after power outages left large areas of the capital Buenos Aires and surrounding suburbs in the dark, just ahead of the austral summer. “If they are not willing to give people the service they deserve, we will be willing to take over that service,” said cabinet chief Jorge Capitanich.

  • Monday, December 2nd 2013 - 18:51 UTC

    Mexico confirms interest in joining YPF to develop of Vaca Muerta shale

    “We are on track for a formal agreement” with YPF, admitted Fluvio Ruiz Alarcón

    Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.

  • Thursday, November 28th 2013 - 22:51 UTC

    Repsol contracts Deutsche Bank as advisor for the YPF compensation deal

    Pemex CEO Emilio Lozoya played a decisive role in the deal

    Repsol appointed Deutsche Bank AG to advise it on the compensation pre-settlement it reached with Argentina regarding the seizure of 51% of YPF in April 2012. The arrangement was negotiated in Buenos Aires this week by ministers from Argentina and Spain, Repsol executives, and representatives from the Spanish company’s two largest shareholders, Mexico's Petroleos Mexicanos, Pemex and Barcelona-based CaixaBank SA.