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.
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.
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 nationalisation case Brazil backs Argentina in fight over US$16-billion US YPF judgment 05-03-2024 14:02 Brazil, Chile, Ecuador and Uruguay file "friends of the court" brief to assist Argentina’s appeal against a US$16.1-billion US court judgement over the controversial 2012 nationalisation of oil company YPF SA.
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.
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 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.
YPF COURT CASE YPF case: Argentina pleads with US judge over presenting of collateral 08-01-2024 17:06 Argentina requests relief From Burford’s Capital's intent to seize assets over 2012 YPF nationalisation case.
MARKETS YPF offers to buy back bonds due in April 05-01-2024 13:47 State-run oil producer YPF SA launches offer to buy back some of dollar bonds due later this year in a bid to reduce short-term 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.
economy Milei lifts imports controls in free trade push 28-12-2023 00:27 Government lifts import restrictions as the Central Bank prepares to sell dollar bonds to pay down commercial debt.
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.
YPF COURT CASE Government asks for more time to pay in YPF court case 28-11-2023 18:39 Argentina, which has been told to cough up US$16 billion, asks judge hearing YPF nationalisation legal case to extend a deadline for paying a deposit until “at least” January 10, 2024.
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.
PRESIDENT-ELECT YPF, TV Pública, Télam – Milei confirms privatisation plans 20-11-2023 10:14 First definitions from Argentina’s new president-elect Javier Milei; Libertarian confirms plan to privatise YPF energy firm, state TV and radio broadcasters and Télam news agency.
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.
YPF COURT RULING YPF court case: Argentina asks for extra time as litigators seek payment 28-09-2023 16:11 Litigators are requesting Argentina's government pay US$16.1 billion awarded to minority shareholders in a major court decision last month over the 2012 nationalisation of state oil firm YPF.
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 COURT RULING Expropriation of YPF: Argentina sits down to negotiate 15-09-2023 15:22 Argentina's government presents first proposal and denies accusations it refused to participate in the drafting of the ruling, as reported by the plaintiffs. Now everything is in the hands of New York Judge Loretta Preska.
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
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.
POLITICS & ECONOMY – ANALYSIS Griesa’s ghost and the return of the ‘vulture funds’ 08-04-2023 06:25 The YPF court ruling ultimately represents a failure to face and resolve the structural challenges of the beleaguered sovereign and its never-ending attempts to escape a chronic cycle of ineptitude. by Agustino Fontevecchia
US LAWSUIT Argentina found liable in multi-billion-dollar suit over YPF oil takeover 31-03-2023 19:43 US district judge rules in favour of the Spanish firms Petersen Energia Inversora SAU and Petersen Energía SAU, which sued YPF and Argentina in 2015 over its controversial nationalisation three years earlier.
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.
MARKETS Investors dodge Argentina bond pain by buying up YPF, provinces 27-09-2022 13:18 Quasi-sovereigns posting best returns in emerging markets; Meanwhile, Argentina’s sovereign bonds slumped more than 35%.
BLOOMBERG Argentina seeks spot diesel cargoes amid nationwide shortage 27-06-2022 09:15 Argentina's state-owned oil company is looking to buy diesel on the spot market as demand for the fuel is at its highest level in 12 years.
TENSIONS AT TECHNOPOLIS The hand that moves the pen 06-06-2022 16:38 At the YPF event at Tecnópolis fronted by President Alberto Fernández and Vice-President Cristina Fernández de Kirchner, it was very clear that progress in mending the rift within the government was conspicuous by its absence. by Nelson Castro
Reunion at Technopolis Alberto and CFK expose their differences yet again – but with good manners 04-06-2022 10:41 President and the vice-president re-appear together at event marking 100 years of YPF; There were smiles – but also warnings from both sides. by Rosario Ayerdi
POLITICS Fernández de Kirchner tells president to embrace 'conflict' and govern 04-06-2022 09:21 Vice-President Cristina Fernández de Kirchner, speaking at an event marking the 100th anniversary of state energy firm YPF, declares that it is impossible to “govern without conflict” in Argentina and calls on President Fernández to embrace the challenge.
BLOOMBERG Hunt for lithium sparks frantic rush into Argentina's mountains 24-05-2022 13:20 Looming shortage of lithium, key for electric vehicles, gives Argentina a chance to become a mining mecca.