News of energy

Milei to appoint ex-Menem-era advisor as energy secretary

28-11-2023 15:56 Eduardo Rodríguez Chirillo set to be appointed energy secretary and given responsibility for unravelling and restructuring subsidies on public utilities.

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.

YPF COURT CASE

Argentina appeals US$16-billion payout order for YPF expropriation

11-10-2023 22:31 State appeals US$16-billion judgement in US lawsuit over firm’s controversial 2012 expropriation.

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.

BORDER DISPUTE

Gas lorries detained by Argentina at Paraguayan border to be released

22-09-2023 15:46 Tankers carrying liquefied gas detained for five days by Argentine customs officers on border with Paraguay to be released after negotiations.

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.

US COURT RULING

Argentina ordered to pay US$16 billion in YPF lawsuit

08-09-2023 13:14 Argentina ordered to pay at least US$8.4 billion in damages and US$7.6 billion in interest in a US lawsuit over its 2012 re-nationalisation of state oil company YPF

ENERGY & GAS

Bolivia says it's running out of natural gas, its top earner

31-08-2023 12:09 Bolivia is running out of gas reserves, its main source of economic income, the government of President Luis Arce acknowledged on Wednesday.

GAS & ENERGY

Enarsa cancels LNG cargo on warm winter, low demand

12-08-2023 08:22 State-run energy company Enarsa cancels another shipment of liquefied natural gas amid low demand and warmer-than-usual winter.

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.

CLIMATE & ENERGY

Small solar projects help to power Argentina’s energy transition

01-08-2023 06:17 Distributed generation and local actors are boosting renewables, democratising energy and reducing bills

CLIMATE & ENERGY

At Argentina’s biggest gas field, residents lack heat and power

28-07-2023 13:59 A decade after production began at the vast reserves of Vaca Muerta, a town still waits on promises of a better future.

latin america

Deep ocean targeted for mining is rich in unknown life

24-07-2023 18:31 The Clarion-Clipperton Zone in the Pacific Ocean, a potential site for deep-sea mining, is found to be home to thousands of unknown and complex species, raising concerns about the potential ecological impact of mining activities.

economy

Argentina’s companies rush to raise dollars before election volatility

20-07-2023 14:29 Argentine companies are seizing the opportunity to refinance their debt at near-zero interest rates as investors brace for financial volatility and potential currency devaluation ahead of key primary elections.

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.

EU-LATIN AMERICA

Alberto Fernández at EU-CELAC Summit with clean energy first on agenda

17-07-2023 19:09 President Alberto Fernández signed a Memorandum of Understanding on Energy Cooperation with the EU.

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.

Bloomberg

Government hauls in oil firms for meeting amid dollar shortage

24-05-2023 10:43 Officials set to meet with oil firms to discuss how imports must be financed amid a severe shortage of dollars.

Minerals and metals

EU nears critical-materials agreements with Argentina and Chile

17-05-2023 16:55 EU working on deals with Argentina and Chile that will widen access to critical minerals and metals such as lithium needed for electric-vehicle batteries.

ENERGY & GAS

Official: Néstor Kirchner pipeline is ‘45% complete,’ will be ready by June

16-04-2023 09:46 The Néstor Kirchner gas pipeline will start operating in June and will save US$2.2 billion by 2023, says head of state-owned firm Energía Argentina SA.

COLOMBIA ENERGY

Indigenous Colombians in stand-off over wind farms

05-04-2023 13:23 Wind farm expansion in north Colombia, earmarked as the El Dorado of renewable energy, is unsettling indigenous Wayuu inhabitants in the region.

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.

POWER-CUT PROTESTS

Porteños take protest to energy firm's doors after prolonged power cuts

16-03-2023 09:49 Residents renew protests across the capital and its outskirts amid prolonged power cuts. Blackouts, which have struck in the middle of an unprecedented heatwave, have left more than 100,000 homes in the dark.

Renewable Energy

Latin America to become renewable energy giant

11-03-2023 17:36 Report found that with upcoming large-scale clean-electricity projects in the next seven years Latin America is poised to become a major renewable energy producer.

Lithium in Latin America

Government moves to stop wetlands bill from foiling lithium boom

07-03-2023 13:07 Government in talks with firms, policy makers to prevent wetlands-protection bill from slamming brakes on lithium exploration.

Copper boom?

Argentina’s copper rush lures top power generator Central Puerto

07-03-2023 11:11 One of Argentina’s biggest power producers is trying to get in on the nation’s copper boom as the rush for key metals in the global energy transition accelerates.

VACA MUERTA

Vaca Muerta awakes as pipelines revive shale hopes

27-02-2023 15:07 Argentina’s energy industry has seen its fair share of false dawns, but the construction of a pipeline is an irrefutable step towards cutting the country's dependency on fuel imports.

Bloomberg

Australian billionaire eyes investment in Argentina energy or mining

01-02-2023 23:50 Australian billionaire James Packer explored investment options during a dinner late last year at a race track in Buenos Aires with businessmen and politicians including Economy Minister Sergio Massa, according to sources.

ENERGY

Vaca Muerta: Government's ace in the hole against energy price hikes

01-02-2023 10:37 Upward inflationary trend in first three months of year set to continue with further increases in utility prices on the way. But the government is banking on Vaca Muerta and the Néstor Kirchner gas pipeline continuing to pay off.

FOREIGN POLITICS & DIPLOMACY

German Chancellor heads to Argentina with investment on agenda

27-01-2023 16:44 German Chancellor Olaf Scholz will stay in Argentina for 48 hours as part of a Latin American tour designed to secure the flow of raw materials for German industry and revitalise the EU-Mercosur agreement.

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.

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.

CLIMATE CHANGE

Greening global economy brings dependence on critical minerals

27-10-2022 15:52 Experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries.

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.

ENERGY & INFRASTRUCTURE

China nuclear deal held up over Argentina’s reactor fuel demand

19-09-2022 09:35 Buenos Aires insists on the right to manufacture the fuel; Outcome of negotiations could weigh on global nuclear market.

PROFILE

Liz Truss's political 'journey' reaches Downing Street

08-09-2022 01:25 The UK's new prime minister, Liz Truss, takes power as a traditional, low-tax Conservative eurosceptic promising to turbo-charge economic growth. Her position is the polar opposite of how she started out.

British politics

New UK PM Truss promises to ride out economic storm

08-09-2022 01:01 Incoming British Prime Minister Liz Truss begins to set out plan to tackle soaring energy bills, as she tries to head off intense pressure of a cost-of-living crisis.

Global energy crisis

Rich countries gobble up fuel while poorer nations stuck with brewing unrest

19-08-2022 12:03 Governments across the developing world are struggling to keep energy flowing to citizens frustrated by rising prices, as tight supplies and weaker currencies put some sources out of reach.

POLITICS

Massa gains ground in energy sector power struggle ahead of IMF talks

11-08-2022 00:03 Sergio Massa removes Energy Secretary Darío Martínez, replacing him with Salta’s Flavia Royón; Power tussle for control of the energy sector finally pans out in the exit of Darío Martínez.

BLOOMBERG - ANALYSIS

Argentina needs to stick to IMF agreement, says minister

11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.

THE CHALLENGES AHEAD

New minister Batakis takes office in an Argentina full of uncertainty

07-07-2022 23:34 Silvina Batakis faces a number of key challenges and decisions; Issues like inflation, the IMF deal, the fiscal deficit and subsidies top her in-tray.

NEW ECONOMY MINISTER

Inflation, export duties and IMF: Silvina Batakis’ economic definitions

06-07-2022 23:00 Martín Guzmán’s successor considers that the escalation of prices is a multi-causal phenomenon and defends strong state regulation of the economy. For her, “wages must run ahead of inflation.”

BLOOMBERG - ANALYSIS

Argentina's subsidy cuts mired in doubt under new minister

06-07-2022 22:14 Several analysts insist that a question mark hangs over Silvina Batakis’ commitment to spending cuts penned by Martín Guzmán and the IMF.

Bloomberg

Tierra del Fuego pitches US$6-billion hydrogen dream

16-06-2022 11:04 Tierra del Fuego Province is trying to lure investments in hydrogen or ammonium, seeking to diversify its economy away from fossil fuels to tap the global clean-energy transition.

News of energy

Milei to appoint ex-Menem-era advisor as energy secretary

Argentina gets delay on payment of US$16.1 billion in YPF case

Oil driller YPF surges as victorious Milei touts privatisation

Argentina appeals US$16-billion payout order for YPF expropriation

Government says US$16-billion US judgment is 20% of its budget

Massa launches ‘Dólar Vaca Muerta,’ seeking US$1.2 billion

Burford seeks to begin collecting US$16-billion Argentina judgment

Gas lorries detained by Argentina at Paraguayan border to be released

Argentina investors see rally in YPF bonds running out of steam

US judge orders Argentina to pay US$16.1 billion for YPF expropriation

Burford eyes 37,000% return in US$16-billion Argentina award

Argentina ordered to pay US$16 billion in YPF lawsuit

Bolivia says it's running out of natural gas, its top earner

Enarsa cancels LNG cargo on warm winter, low demand

Election won’t derail shale growth, oil executives say

Small solar projects help to power Argentina’s energy transition

At Argentina’s biggest gas field, residents lack heat and power

Deep ocean targeted for mining is rich in unknown life

Argentina’s companies rush to raise dollars before election volatility

Oil billionaire family in Argentina invests in clean energy

Alberto Fernández at EU-CELAC Summit with clean energy first on agenda

JP Spinetto: Oil boom could save Argentina from economic crisis

Pan American Energy joins oil industry’s push into lithium

Government hauls in oil firms for meeting amid dollar shortage

EU nears critical-materials agreements with Argentina and Chile

Official: Néstor Kirchner pipeline is ‘45% complete,’ will be ready by June

Indigenous Colombians in stand-off over wind farms

Venezuela's oil minister resigns over graft probe

Porteños take protest to energy firm's doors after prolonged power cuts

Latin America to become renewable energy giant

Government moves to stop wetlands bill from foiling lithium boom

Argentina’s copper rush lures top power generator Central Puerto

Vaca Muerta awakes as pipelines revive shale hopes

Australian billionaire eyes investment in Argentina energy or mining

Vaca Muerta: Government's ace in the hole against energy price hikes

German Chancellor heads to Argentina with investment on agenda

Argentina closes 2022 with record levels of oil production

YPF is poised to rein in capex ambitions amid fuel controls

Greening global economy brings dependence on critical minerals

Climate and spills in focus as offshore oil gathers pace in Argentina

China nuclear deal held up over Argentina’s reactor fuel demand

Liz Truss's political 'journey' reaches Downing Street

New UK PM Truss promises to ride out economic storm

Rich countries gobble up fuel while poorer nations stuck with brewing unrest

Massa gains ground in energy sector power struggle ahead of IMF talks

Argentina needs to stick to IMF agreement, says minister

New minister Batakis takes office in an Argentina full of uncertainty

Inflation, export duties and IMF: Silvina Batakis’ economic definitions

Argentina's subsidy cuts mired in doubt under new minister

Tierra del Fuego pitches US$6-billion hydrogen dream

Cristina Fernández de Kirchner and Victoria Villarruel hold ‘historic’ transition meeting

Karina Milei: How the most important member of Argentina’s next government thinks

Attack on fans overshadows Argentina historic win over Brazil

Who will be in Javier Milei’s Cabinet? The ministers and secretaries confirmed so far

Victoria Villarruel, the first vice-president to play down dictatorship’s crimes

El destino del PAMI en la era Milei, en manos del PRO

Gabinete de Javier Milei: ya se confirmaron los nombres de seis ministros y seis secretarios

Aguinaldo: ¿Javier Milei puede decidir que no se pague?

Habló David Nalbandian tras ser acusado por acoso sexual y hostigamiento a su ex pareja

Malena Galmarini salió a responderle a Javier Milei por la privatización de AySA