News of energy

Milei touts US$50 billion from investors eyeing 30-year loopholes

Today 13:04 Argentina has abundant natural resources and legions of well-educated workers. But it struggles to attract investors because its politicians have a habit of changing the rules on a whim.

LATAM

Hunger in G20 host Brazil is Lula's unfinished fight

14-11-2024 19:32 Left-wing President Luiz Inácio Lula da Silva will call for "Global Alliance against Hunger and Poverty" at the G20 summit in Rio.

ypf nationalisation case

Burford open to Argentine bonds for US$16-billion judgement

08-11-2024 19:36 Burford Capital, which won a US$16-billion judgement against Argentina over its nationalisation of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash.

BUSINESS & INVESTMENT

BP venture eyes investment to make green jet fuel in Argentina

06-11-2024 11:40 The Pan American Energy Group is mulling an investment to make clean jet fuel at its refinery outside Buenos Aires.

ENERGY & GAS

Pampa Energía sizes up LNG projects as Milei aids shale growth

18-10-2024 17:37 Energy producer Pampa Energía SA will decide in the next three months whether to partner on a multibillion-dollar LNG plant, says Marcelo Mindlin.

CHANGES TO GOVERNMENT

PRO gains another spot in government as energy secretary resigns

17-10-2024 16:22 Eduardo Chirillo resigns as energy secretary; María del Carmen Tettamanti, former chief of Camuzzi gas distributor and advisor to Patricia Bullrich, appointed to post.

Lithoim market

Rio Tinto arrives in lithium with a survival-of-the-fittest mentality

10-10-2024 07:58 Rio Tinto has assumed a survival-of-the-fittest mentality in the lithium industry – as prices have fallen, it has sought to buyout a once coveted producer at a steep discount.

ENERGY & GAS

Bolivia natural gas shortage sends economy teetering

09-10-2024 13:57 Bolivia's once powerful natural gas industry is now on the verge of collapse as a result of a lack of investment and maintenance. The fall of the state-supported industry has sent shockwaves through Bolivia's economy.

ENERGY & GAS

Argentina mulls tender for power lines after years of neglect

02-10-2024 16:45 Argentina is rushing to put together a “market solution” for its national network of high-voltage power lines, a severely neglected part of the grid.

ENERGY & GAS

Argentina may implement power cuts to cope with summer demand

23-09-2024 16:31 Argentina plans to resort to scheduled power cuts to cope with electricity demand this Southern Hemisphere summer amid forecasts for high temperatures that would force customers to crank up air conditioning.

Lithium in Argentina

Economic crisis thwarts bid to go nuclear with lithium bounty

17-09-2024 11:35 Currency woes dog Argentine scientists trying to develop key isotope Lithium-6, which could have nuclear applications; Milei’s spending cuts, privatisation plans are also a factor.

ypf nationalisation case

US says it may weigh in on Burford’s US$16-billion Argentina award

09-09-2024 21:08 United States government “actively considering” whether to file statement of interest with courts concerning Burford Capital’s efforts to collect a US$16-billion judgment against Argentina over nationalisation of state oil firm in 2012.

MINING & GAS

YPF eyes sale of lithium unit as focus narrows on shale ramp-up

31-08-2024 17:12 State-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into Vaca Muerta shale patch.

LATIN AMERICA

Paraguay's abundant hydropower draws crypto miners, legal and not

30-08-2024 11:02 In the Paraguayan city of Hernandarias, a data centre with rows upon rows of supercomputers stands as a testament to a burgeoning crypto-mining sector attracted by the country's abundance of cheap, green electricity.

ENERGY & GAS

Petrobras eyes Argentina deals to boost energy imports

26-08-2024 14:42 Brazil’s state-controlled oil producer Petrobras is hunting for shale gas deals in Argentina.

ECONOMY & FOREIGN POLICY

Argentina, US ink accord for ‘cooperation on critical minerals’

23-08-2024 13:31 Argentina and the United States sign memorandum of understanding to strengthen production of "critical minerals" such as lithium that are essential for the energy transition.

ENERGY & GAS

YPF moves to sell units as it ramps up divestments in shale push

09-08-2024 15:48 State-run oil company, YPF SA, is moving to sell several business units and stakes as its divestment plan kicks in.

GAS & ENERGY

Milei in Neuquén to tour Vaca Muerta, meet businessmen

08-08-2024 19:09 President Javier Milei visits Neuquén, heart of energy production, and crosses over to Chile for the first time as head of state – but without holding a bilateral meeting with Gabriel Boric.

ENERGY & GAS

YPF in talks with energy transfer to fund Argentina pipeline

20-07-2024 18:12 Argentine crude driller YPF SA has held talks with US pipeline company Energy Transfer LP to finance a cross-country pipeline that could ramp up shale oil exports.

ENERGY & GAS

Vista reaps more from crude sales as Argentina frees oil markets

12-07-2024 16:11 Shale driller Vista Energy charged export prices for more than 40% of crude that it sold to domestic refiners in the second quarter.

ENERGY & GAS

Declining gas giant eyes new role piping Argentine gas to Brazil

20-06-2024 15:03 Bolivia is offering its pipelines to transport natural gas from Argentina’s Vaca Muerta field to Brazil.

OIL & GAS

Oil driller Vista Energy to import new frack set in SLB deal

11-06-2024 11:44 Argentine oil driller Vista Energy signed an agreement with SLB to import a new fracking array during the second half of this year to help boost production in the Vaca Muerta shale region.

UTILITIES & SUBSIDIES

Milei begins to slash energy subsidies for low-income sectors

06-06-2024 11:59 Low-income homes will see the energy cost of their utility bills double on average in June, while middle-class families could see prices rise 155%.

INTERVIEW

Ex-Energy and Mining secretary Flavia Royón: 'RIGI is necessary’

06-06-2024 00:50 Former Energy & Mining secretary in Alberto Fernández and Javier Milei governments says RIGI investment incentive scheme is “necessary to develop LNG, hydrogen and mining projects.”

OIL & GAS

Oil driller Aconcagua eyes Argentina IPO as Milei lures capital

04-06-2024 15:07 President’s move to open up economy creates market opportunity; Gas company did first local listing since 2017 earlier in year.

ENERGY & GAS

Natural gas crunch as worst winter since 1980 looms

29-05-2024 11:34 Government scrambles to secure supplies of fuel as lower-than-expected temperatures boosts demand for home heating.

OIL & GAS

Oil driller’s 1,400% world-beating rally hinges on Milei reforms

23-05-2024 13:52 Vista Energy boss Miguel Galuccio knows shale. But his plans lie in the hands of President Javier Milei.

BUSINESS & INVESTMENT

Energy mogul makes 100-year bet on Argentina’s mineral wealth

20-05-2024 13:45 Through his holding company Integra Capital, José Luis Manzano is going all in on mining and mineral wealth.

ENERGY & GAS

YPF’s US$2.5-billion shale oil pipeline moves ahead after approval

10-05-2024 17:30 YPF SA is moving ahead with plans to build a US$2.5-billion cross-country pipeline that’s key to unlocking exports of crude from the vast Vaca Muerta shale patch.

BUSINESS & INVESTMENT

Power supplier Central Puerto eyes stake in McEwen’s copper project

06-05-2024 14:57 Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc’s Los Azules project.

GUEST COLUMN

Advancing US-Argentine energy and minerals cooperation

30-04-2024 16:13 Argentina's energy security and decarbonisation pathway will only be enhanced by deeper collaboration with the United States, write Jeremy M. Martin & Raúl Bertero.

BUSINESS & INVESTMENT

Oil driller PAE pitches investors on global bond deal

22-04-2024 21:11 Pan American Energy, one of Argentina’s largest crude exporters, is meeting with investors this week to gauge demand for a global bond sale.

STATE ENERGY FIRM

Burford seeks Argentina’s YPF stake to pay US$16-billion award

22-04-2024 20:29 Burford Capital asks US judge to grant it controlling 51% stake in YPF as part of its effort to collect on a US$16-billion court judegment.

ANALYSING ARGENTINA

Who wants to ‘exploit’ Argentina?

30-03-2024 06:43 The business establishment, here and abroad, are keeping a close eye on whether Milei and his team can deliver on governance – and whether they can do it soon.

by Marcelo J. García

BLOOMBERG

Oilfield billionaire Paolo Rocca has ‘lot of hope’ for Milei

21-03-2024 11:59 Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that President Javier Milei can turbo-charge development of the country’s shale deposits.

AGRICULTURE & ECONOMY

US green fuel push threatens Argentina’s main export market

14-03-2024 15:56 Biden administration’s landmark decarbonisation plan has the potential to cause tectonic shifts in global agricultural markets – and deal a damaging blow to Argentina’s troubled economy.

GEOPOLITICS & DIPLOMACY

Brazil urges 'new globalisation' at G20 meet overshadowed by Ukraine

29-02-2024 11:20 Brazil called for a "new globalisation" to address poverty and climate change as finance ministers from the world's top economies met Wednesday, but the Ukraine and Gaza wars risked overshadowing the plea.

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.

Environmental Policy

Trump's green-bashing and Europe's right put climate goals at risk

27-02-2024 11:58 Politicians are vowing to roll back green policies and downplaying climate change ahead of key elections on both sides of the Atlantic, casting doubt on whether countries can maintain momentum in the transition away from fossil fuels.

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.

Utilities on rise

Electricity bills in Buenos Aires metro region to soar up to 150%

16-02-2024 11:06 Huge hikes announced by Energy Secretary Eduardo Rodríguez Chirillo; Monthly updating to kick in from April, but new rates will begin imminently.

Environment

Polluted paradise: Chile town waits for clean-up as coal shuts off

12-02-2024 13:28 Coal-fired plants and factories bellow noxious fumes into the air in a small town, but Chile has embarked on a whirlwind energy transition

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.

Bloomberg

Enel mulls scrapping Argentina exit in big bet on Milei

05-02-2024 11:04 Enel SpA, Italy’s largest state-controlled utility is now likely to keep power distributor Edesur, shifting strategy in response to Javier Milei's promise to improve Argentina's business climate.

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.

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.