Tag: YPF Argentina

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.
Tuesday, November 26th 2013 - 08:47 UTC
YPF and Repsol reach an 'agreement in principle' with Mexican mediation

The dispute between the Argentine government and Repsol over the seizure of a 51% stake in petroleum company YPF has shown some signs of cooling, with the Ministry of Economy announcing on Monday that an “agreement in principle” for compensating the Spanish corporation had been reached.
Thursday, November 21st 2013 - 07:06 UTC
A first speech full of messages to reaffirm policies and calling on the opposition

“God, how much I missed you”, were the first words from Argentine president Cristina Fernandez to her supporters, mostly young, who congregated on Wednesday late evening in the several patios of Casa Rosada to welcome her first live appearance since the 45-day long medical leave.
Monday, November 11th 2013 - 18:41 UTC
YPF announces discovery of conventional oil well in Mendoza: 15m barrels

Argentina's nationalized YPF has discovered a new conventional oil well in the western Mendoza province, which will add 15 million barrels of crude to its reserves. Initial production at the El Manzano bloc and the Mirador del Valle x-1 well at 1,789 meters deep is expected to be around 535 barrels per day, the company said.
Tuesday, November 5th 2013 - 07:01 UTC
Argentina oil and gas output continues to fall; YPF reports a better performance

Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary.
Friday, October 11th 2013 - 08:00 UTC
Argentine billionaire ready to invest 500m dollars in Patagonia shale development

Argentine billionaire Eduardo Eurnekian announced that his company Corporation America continues to work with government controlled oil company YPF “to develop projects” which could involve a 500 million dollars investment in the country’s rich shale deposits.
Wednesday, September 25th 2013 - 05:57 UTC
Dow Chemical signs accord to jointly develop with YPF Patagonia shale gas

Argentina’s oil and gas YPF and Dow Chemical Co. Argentine unit signed a final accord to invest 188 million dollars to jointly develop shale gas at the country’s Vaca Muerta formation, in the Patagonian province of Neuquen.
Saturday, September 14th 2013 - 01:27 UTC
Energy deficit is Argentina has become dramatic, admits YPF CEO Galuccio

Argentina’s oil and gas corporation YPF CEO Miguel Galuccio admitted that the ‘energy deficit’ of Argentina has become a serious challenge since the country has started to face a serious shortage of light oil for refining.
Wednesday, September 4th 2013 - 01:36 UTC
Mexico’s Pemex oil company expected to join YPF in developing shale resources

YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.