ENERGY & GAS YPF says fire sale to free up US$800 million for shale oil push 07-03-2024 17:51 State-run YPF SA says its sweeping plan to divest ageing oil fields will free up US$800 million to invest in renewed Vaca Muerta shale push formation.
YPF RULING Argentina’s US$18-billion Chinese FX line eyed for US YPF judgement 29-02-2024 00:15 Burford Capital, trying to collect on a US$16-billion US court judgement against Argentina, is exploring whether a currency swap line with China could be used to satisfy the debt.
POLITICS Milei’s bold decree teeters as Argentina's provinces resist 27-02-2024 19:21 Growing opposition to President Javier Milei’s sweeping decree in the Senate puts it at risk of being overturned as regular sessions get underway next week.
FOCUS ON VENEZUELA Venezuela calls in oil debt it once traded away for literal beans 26-02-2024 10:56 Impoverished and desperate for cash, Venezuela is trying to collect old debts from the Petrocaribe oil exchange programme.
OIL & GAS Exxon to weigh US$1 billion sale of Argentina shale assets 24-02-2024 19:15 Exxon Mobil is mulling bids for its Argentine shale assets as the US energy giant looks to unwind its bet.
POLITICS Provincial governments threaten oil supply cuts in dispute with Milei 24-02-2024 19:02 "Not a drop of oil will come out on Wednesday if they don't respect the provinces once and for all and take their foot off our back," declares Chubut Province Governor Ignacio Torres, backed by five other provincial goverrnments.
ENERGY & GAS Argentina shale driller Vista eyes Exxon assets in growth push 21-02-2024 15:58 Shale oil producer Vista Energy eyeing assets put up for sale by Exxon Mobil Corp as it looks to accelerate growth in Vaca Muerta formation.
ENERGY & GAS YPF plans sweeping asset sale to focus on Argentina shale 07-02-2024 11:38 Argentina’s biggest oil company, state-run YPF SA, is planning a sweeping asset sale to sharpen its focus on shale production and boost its share price.
OIL & GAS President's plan to free oil market slows in Congress 28-01-2024 10:08 At issue is the government’s ability to stop drillers from exporting cargoes of crude if it’s concerned about shortages at domestic refineries.
Congress Milei suspends plan to privatise Argentina state oil company YPF 22-01-2024 13:18 Privatisation of state-run oil company YFP has been cut from President Javier Milei sweeping reform bill in Congress negotiations.
OIL & GAS State energy firm YPF out of Milei’s privatisation crosshairs 19-01-2024 19:26 State-owned oil firm will not be privatised by Javier Milei’s government, after his party reached an agreement with opposed lawmakers to smooth overall passage of Omnibus bill.
ypf nationalisation case Blow for Argentina as court rules against nation in YPF nationalisation case 11-01-2024 17:12 US Judge Loretta Preska rejects the motion for extension by the government and confirms January 10 was deadline to provide guarantees; Plaintiffs can now seek seizure of assets for compliance.
ypf nationalisation case Argentina’s US$16.1-billion YPF judgement is now open to collection 11-01-2024 16:12 US judge rules against Argentina's bid to push back collection efforts for US$16.1-billion court judgement related to its 2012 takeover of oil company YPF SA.
ENERGY & GAS Javier Milei seeks free oil markets by law in shale-rich Argentina 29-12-2023 21:23 Milei wants to unshackle crude exports and leave local fuel prices at the whim of market forces.
BLOOMBERG - ANALYSIS Perpetual bonds unlikely to be the answer in YPF case 28-12-2023 00:35 Javier Milei’s suggestion that Argentina could issue debt to comply with a US$16-billion lawsuit award related to the nationalisation of oil company YPF has met with scepticism from investors.
BLOOMBERG Milei taps oil vet to run state energy firm YPF 23-11-2023 14:48 Milei plans to tap Horacio Marín, a 35-year industry veteran who has worked in the US and South America, to become president and chief executive officer of YPF SA.
US COURTS Argentina gets delay on payment of US$16.1 billion in YPF case 23-11-2023 13:06 Judge agrees to temporarily delay enforcement of a US$16.1 billion court judgment against Argentina over its 2012 expropriation of oil company YPF.
PRIVATISATION PLANS Oil driller YPF surges as victorious Milei touts privatisation 20-11-2023 17:46 YPF SA surges following election of Javier Milei, who says he plans to privatise the state-owned oil and gas producer and remove controls stymieing the sector.
OIL & GAS Government pushes oil companies amid fuel shortages, protests 30-10-2023 17:40 Long car queues to fill up and stations with “no petrol” signs have been part of the landscape in recent days in Argentina; Government pushes oil companies to speed up supply and agricultural producers warn about protests three weeks ahead of the presidential run-off.
OIL Oil workers to strike, blame companies for lack of fuel 30-10-2023 16:45 Union members say they will stage strike in support of Economy Minister Sergio Massa’s warnings and against “speculators."
YPF RULING Government says US$16-billion US judgment is 20% of its budget 28-09-2023 21:12 Argentina said it wants to delay paying a US$16-billion court judgment over its 2012 expropriation of oil company YPF SA.
ENERGY & GAS Massa launches ‘Dólar Vaca Muerta,’ seeking US$1.2 billion 28-09-2023 09:09 Economy minister and ruling coalition presidential candidate looks to boost reserves and trim possibilities of exchange rate tensions in lead-up to general elections.
YPF COURT CASE Burford seeks to begin collecting US$16-billion Argentina judgment 25-09-2023 21:21 Litigation funder, which acquired claims of YPF ex-shareholders in 2015, seek permission from court begin collection efforts to satisfy a US$16-billion judgment over firm's expropriation, saying it is clear that Argentina had “no intention” of paying up.
OIL & GAS Argentina investors see rally in YPF bonds running out of steam 21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.
STATE ENERGY FIRM US judge orders Argentina to pay US$16.1 billion for YPF expropriation 16-09-2023 08:01 US federal judge Loretta Preska says government must pay nearly US$16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalisation of the YPF oil giant; Argentina vows to appeal ruling.
YPF RULING Burford eyes 37,000% return in US$16-billion Argentina award 11-09-2023 21:29 Litigation funder paid US$16.6 million for YPF seizure claims; Argentina has vowed to appeal Friday award by US federal judge.
GOVERNMENT MEASURES Argentina fixes oil price at US$56 a barrel to put inflation in check 18-08-2023 14:27 Argentina has fixed the price of oil received by drillers at US$56 as it scrambles to stop inflation getting further out of control after this week’s currency devaluation.
MILEI Milei would unshackle Argentine farming, oil sectors 17-08-2023 14:56 Shock election-race leader Javier Milei would scrap soy taxes; He’d also privatise shale driller YPF and ditch EV battery bid.
GAS & ENERGY Election won’t derail shale growth, oil executives say 11-08-2023 15:36 Shale oil and gas industry will be shielded from any violent swings after upcoming elections, according to executives at the nation’s biggest energy companies.
Clean Energy Oil billionaire family in Argentina invests in clean energy 18-07-2023 16:55 Argentine conglomerate, Corporacion America International, owned by one of the country's richest families, is making its first major investment in the globally renewable clean-energy.
BLOOMBERG - OPINION JP Spinetto: Oil boom could save Argentina from economic crisis 17-07-2023 06:43 To seize a remarkable opportunity before hydrocarbon demand peaks, it must somehow keep its trademark political volatility and mismanagement in check.
Bloomberg Pan American Energy joins oil industry’s push into lithium 08-07-2023 14:26 Top crude exporter Pan American Energy Group plans to start exploring for lithium in the latest case of oil and gas producers joining the rush for the battery metal in a pivot away from fossil fuels.
OIL CORRUPTION PROBE Venezuela corruption probe nets 42 officials 03-04-2023 17:06 Over 40 people have been arrested in Venezuela in an anti-corruption drive sweep of state oil company PDVSA and other related government bodies.
OIL TAX Lula irks foreign oil companies with new tax 23-03-2023 14:38 Brazil's new tax on crude exports set to run from March to July leads foreign oil companies to petition the federal government
BLOOMBERG Shortage of cooking oil looms as biofuels gain global appeal 22-03-2023 12:30 A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus fuel.
Oil corruption Venezuela's oil minister resigns over graft probe 21-03-2023 12:24 Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.
Oil production Shale oil exports to spur Argentina's trade surplus, official says 07-03-2023 17:07 Booming oil production out of shale patch Vaca Muerta will create surpluses in energy trade for Argentina to the tune of US$8 billion within a few years, says top official.
ENERGY Argentina closes 2022 with record levels of oil production 26-01-2023 17:57 Driven by Vaca Muerta shale, last month’s oil production hit a daily peak of 622,500 barrels, of which 282,000 correspond to unconventional oil – 45% of the total.
ENVIRONMENT Court approves offshore oil exploration projects off coast of Buenos Aires Province 07-12-2022 14:15 Judges impose three conditions on companies seeking to carry out seismic exploration studies in offshore areas of Mar Argentino.
BLOOMBERG YPF is poised to rein in capex ambitions amid fuel controls 30-11-2022 22:29 State-run oil company YPF probably will set next year’s spending plan at the lower end of a range that executives are discussing internally.
ECONOMY & ENVIRONMENT Climate and spills in focus as offshore oil gathers pace in Argentina 24-09-2022 06:01 Argentina's government has awarded dozens of tenders to explore for oil in the country’s waters, unleashing conflicts among companies, civil society and the state itself.
REFINERY EXPLOSION Oil and gas workers strike after three killed in Neuquén refinery explosion 22-09-2022 19:27 At least three killed after one of main crude oil tanks at New American Oil refinery in Plaza Huincul explodes; Local oil and gas union calls strike action while decrying lack of safety.
Bloomberg Drought, soaring fertiliser costs push Argentine farmers to grow more soy 22-09-2022 11:13 Farmers are grappling with a third straight year of withering drought ahead of the growing season, but this year they have a new strategy to beat it: plant soybeans.
Latin America Indigenous protests cost Ecuador US$1 billion, central bank says 05-07-2022 10:00 Days of protests over the cost of living by indigenous Ecuadoreans could cost the country at least US$1 billion, claims nation's central bank.
Unrest in Ecuador Ecuador talks falter after soldier killed by 'violent demonstrators' 29-06-2022 13:22 Negotiations to end more than two weeks of disruptive living cost protests by indigenous Ecuadoreans were dealt a blow Tuesday when the killing of a soldier prompted the government to suspend participation.
UNREST IN ECUADOR Protesters reject Ecuador president's 'insensitive' fuel price cut 27-06-2022 13:32 Unrest continues as indigenous protesters reject a fuel price cut announced by the government as insufficient and "insensitive."
Latin America Ecuador judge orders release of Indigenous leader amid protests 15-06-2022 18:08 Prominent Indigenous leader Leonidas Iza's release has been ordered, his legal team confirms, less than a day after he was arrested and accused of paralysing roads during nationwide anti-government protests.
BRAZIL UNDER BOLSONARO Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar 24-05-2022 08:56 Brazilian President Jair Bolsonaro dismisses president of state oil giant Petrobras – who had been in the job for only 40 days.
Bloomberg US needs to see more from Maduro to ease Venezuela sanctions 19-05-2022 14:16 US National Security Council Senior Director Juan Gonzalez says Maduro administration should take more democratic steps before receiving respite from sanctions.
ENERGY & INFRASTRUCTURE Game-changer? Argentina launches tender for construction of enormous gas pipeline 22-04-2022 09:40 President Alberto Fernández on Thursday launched a tender for construction of an enormous gas trunk pipeline beginning at Vaca Muerta gas field. What is the ‘Gasoducto Néstor Kirchner’ and why is it so important for Argentina?