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.
UTILITY RATES Bye subsidies, hello soaring prices: Sharp gas increases on way 27-03-2024 16:13 First update will be applied in April; the following between May and September and the last one from October to December. Strong impact on high income households, shops and industries.
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.
argentina Six dead as group tries to rescue worker from sewer well 18-03-2024 13:38 Tragedy strikes inhabitants of the town of Blaquier, in the district of Florentino Ameghino, when the news broke yesterday that six people had died in a sewage well rescue gone wrong.
More hikes on way Gas prices set to rise sharply as Energy Secretariat prepares to trim subsidies 13-03-2024 17:48 Sources in Energy Secretariat anticipate new rates will be disclosed in next week; Energy companies have asked for rises above 500%.
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.
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.
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.
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.
ENERGY SUPPLY Milei government issues decree declaring energy emergency 18-12-2023 14:20 Javier Milei issues decree declaring energy emergency; Control bodies ENRE and ENARGAS to be placed under trusteeship prior to institution of new boards.
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.
FUEL TAX FREEZE Massa says Argentina will freezes fuel levies until February 2024 01-11-2023 16:22 Deep into election campaign, Argentina's government postpones fuel tax hike to 2024 to avoid further price hikes.
Bloomberg Sergio Massa threatens to cut fuel exports amid shortage 30-10-2023 08:21 “If the fuel supply is not resolved by midnight on Tuesday, companies will not be able to send out export ships starting on Wednesday,” Massa tells reporters in Tucumán Province.
FUEL CRISIS? Argentines queue for fuel as FX shortage strands tankers at sea 26-10-2023 13:49 Growing lines at the pump and darkened gas stations at night are tangible signs of a fiscal crisis spiralling out of control.
BLOOMBERG Energy mogul boosts shale bet as Argentina’s renewable push stalls 14-10-2023 08:07 Pampa Energía’s bet on fossil fuels comes as Argentina reckons with a pivotal presidential election on October 22.
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.
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 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.
Energy Trade Argentina rejects Russia-sourced LNG cargo, citing sanctions 19-07-2023 17:10 Argentina takes action to prevent Russian LNG import for Enarsa due to sanctions
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.
ELECTION 2023 Ruling coalition lines up behind Massa, prepares ‘unity’ photo 06-07-2023 21:03 Sergio Massa, Alberto Fernández and Cristina Fernández de Kirchner in talks to “unite”at July 9 rally; Máximo Kirchner comes to presidential hopeful's defence, attacking IMF and Macrismo as social movements, mayors and provincial governors get in line behind candidate. by James Grainger
Bloomberg Key LNG buyer Argentina faces possible glut amid warmer winter 23-06-2023 00:52 An unusually warm winter in the southern hemisphere is threatening to saddle Argentina with a glut of liquefied natural gas.
ECONOMY Argentina begins filling the new Néstor Kirchner gas pipeline 21-06-2023 08:33 Argentina starts filling Néstor Kirchner gas pipeline, a key piece of energy infrastructure that could save the country billions in energy imports.
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.
PRICE CONTROLS Fuel suppliers extend 4% monthly 'Precios Justos' price cap until August 13-04-2023 09:11 Major oil firms extend Precios Justos’ price control scheme for fuel, agreeing to cap petrol increases to monthly four percent until August in a bid to tackle inflation and keep costs at the pump down.
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.
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.
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.
FOOTBALL & VIOLENCE One dead, more than 100 injured amid chaos at Gimnasia-Boca match 07-10-2022 09:14 One person died of a cardiac arrest on Thursday following violent clashes that started outside a football match on the outskirts of Buenos Aires before spilling into the stadium and onto the pitch, authorities said.
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.
ELECTRICITY, GAS, WATER SERVICES Subsidies slashed – sharp rises coming for more than four million households 17-08-2022 13:05 Government hopes to save US$3.2 billion in 2023 with partial removal of subsidies for electricity, gas and water services; New Energy Secretary Flavia Royón announces a plan to trim assistance for the wealthiest, starting September.
ANALYSIS ‘Three clear groups’ in new tariff segmentation plan, says analyst 17-08-2022 13:04 Fernando Krakowiak, a journalist and educator with EcoJournal, describes the government's plan as "tariff segmentation" with "three clear groups: people with low, medium and high incomes."