News of energy

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. Garcia

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.

STATE ENERGY FIRM

YPF sells US$800-million bond to fund debt buyback

10-01-2024 21:26 State-owned oil driller YPF SA taps international investors with a new dollar bond to help finance a buyback of existing debt.

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.

REFORM BLITZ

President sets up Aerolíneas Argentinas and YPF for sell-off

21-12-2023 11:15 Milei announces slew of reforms that would allow tens of state-controlled firms, many of them money-losing, to be sold off. Among them, national airline Aerolíneas Argentinas SA and, after a "transition period," state energy firm YPF.

PRICE HIKES

Fuel prices soar a further 37% after devaluation of peso

13-12-2023 17:46 Fuel prices will soar around 37% on average over the course of the week following Economy Minister Luis Caputo's devaluation of the peso.

COP28 CONFERENCE

Nuclear power has role to play, says atomic energy head Rafael Grossi

02-12-2023 10:08 It would be a mistake to reject nuclear power because of problems at a handful of projects, says Rafael Grossi, head of the International Atomic Energy Agency.

New government

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.

News of energy

Oil driller PAE pitches investors on global bond deal

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

Who wants to ‘exploit’ Argentina?

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

US green fuel push threatens Argentina’s main export market

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

Argentina’s US$18-billion Chinese FX line eyed for US YPF judgement

Milei’s bold decree teeters as Argentina's provinces resist

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

Argentina shale driller Vista eyes Exxon assets in growth push

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

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

YPF plans sweeping asset sale to focus on Argentina shale

Enel mulls scrapping Argentina exit in big bet on Milei

President's plan to free oil market slows in Congress

State energy firm YPF out of Milei’s privatisation crosshairs

Blow for Argentina as court rules against nation in YPF nationalisation case

Argentina’s US$16.1-billion YPF judgement is now open to collection

YPF sells US$800-million bond to fund debt buyback

Javier Milei seeks free oil markets by law in shale-rich Argentina

Perpetual bonds unlikely to be the answer in YPF case

President sets up Aerolíneas Argentinas and YPF for sell-off

Fuel prices soar a further 37% after devaluation of peso

Nuclear power has role to play, says atomic energy head Rafael Grossi

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

Argentina to offer bonds in first step to lift currency controls

Argentina’s 60-year-old Miss Universe hopeful challenges age-old beauty norms

Javier Milei sparks wild rally that makes peso number one in the world

Argentine firms refuse to refuel Cuban state airline’s planes

Omnibus bill heads to Congress, debate set for Monday or Tuesday

Interurbanos: no circulan este viernes los colectivos en Córdoba y Aoita analiza un paro por “tiempo indeterminado”

Nuevo aumento a empleadas de casas particulares: ¿Cuánto cobran por hora en abril y mayo?

Financial Times advierte que los hogares argentinos "están en crisis" mientras los mercados "aplauden a Milei"

Eduardo Feinmann se cruzó con el periodista que le consultó a Adorni por los perros de Milei: "Pregunta insolente y pelotuda"

Sergio Berni destrozó a Alberto Fernández y elogió a Javier Milei: "Tiene huevos, de loco no tiene nada"