Tag: YPF Argentina

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

  Repsol board approves the YPF compensation deal worked out with Argentina

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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.

• Thursday, November 28th 2013 - 11:02 UTC

  Repsol board backs compensation deal offered by Argentina for seized YPF

  

  Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.

• Wednesday, November 27th 2013 - 06:35 UTC

  YPF shares and Buenos Aires market soar to record highs on announcement of agreement with Repsol

  

  Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.