Tag: YPF Argentina

• Wednesday, July 17th 2013 - 07:24 UTC

  Argentina’s nationalized YPF and Chevron sign agreement to develop shale deposits

  

  Chevron, the world’s second-biggest oil company signed the first agreement with Argentina’s government since it nationalized YPF in 2012 to help develop shale oil and natural gas in the Vaca Muerta basin of the Patagonian province of Neuquen.

• Tuesday, June 25th 2013 - 18:39 UTC

  Repsol to consider YPF compensation offer, including stake in shale deposits

  

  Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.

• Saturday, June 15th 2013 - 13:56 UTC

  Falklands: “British sovereignty over the Islands as such, is not accepted by the European Parliament”

  

  “British sovereignty over the Malvinas Islands as such is not accepted by the European Parliament”, according to a visiting delegation of EU lawmakers who met with their Argentine peers in Buenos Aires.

• Thursday, June 6th 2013 - 22:33 UTC

  Argentina’s energy imports soar 47% during April propped by gas purchases

  

  Argentina’s energy imports during April soared 47.6% over a year ago reported the government mainly because of massive natural gas purchases for the coming winter. The bill in April climbed to 733 million dollars from 384 million a year ago, while Enarsa the government corporation that has the monopoly of LNG imports spent 438 million this year and 259 million in April 2012.

• Monday, June 3rd 2013 - 05:35 UTC

  Argentina and Repsol in another clash: this time over board members payments

  

  Argentina's nationalized energy company YPF will sue the head of Repsol SA over accusations that YPF's board members were overpaid when the Spanish oil major held a majority stake in the company, the government said.

• Monday, June 3rd 2013 - 05:08 UTC

  Argentina’s policy on foreign investments keeping businesses away

  

  Concern over Argentina's erratic policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from South America’s second largest economy. Argentina nationalized Spanish oil major Repsol's majority stake in local energy giant YPF last year, a move that triggered alarm in the international investor community.

• Tuesday, May 28th 2013 - 06:10 UTC

  YPF loses arbitration that could cost 1.6bn dollars; stocks plunge 3.6%

  

  YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.

• Wednesday, May 15th 2013 - 07:29 UTC

  Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

  

  Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.

• Friday, May 10th 2013 - 06:10 UTC

  Repsol first quarter profits jumped 38% on the year mainly on higher production

  

  Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.

• Thursday, May 2nd 2013 - 07:06 UTC

  YPF admits ‘inflation in Argentina is a problem” and could be higher by next year

  

  Argentine nationalized energy company YPF warned on Tuesday that inflation in the country may keep rising and affect its results, a rare admission considering the company is controlled by a government known for playing down the problem.