ENERGY & GAS YPF to merge LNG project with rival’s joint venture Today 12:54 State-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy and liquefied natural gas shipper Golar LNG.
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.
ENERGY & GAS YPF in talks with supermajors for equity in Argentina LNG plant 08-11-2024 19:02 State-run YPF is in talks with global supermajors to become equity partners in its LNG export project.
COURT WOES US intervenes in YPF nationalisation court case 07-11-2024 20:43 United States asks judge to reject ‘vulture fund’ lawsuit seeking to seize YPF assets; Burford and Eton Capital funds are demanding company assets to guarantee payment on ruling obliging the state to pay US$16 billion for the expropriation of state energy firm.
OIL & GAS YPF chief announces state firm will sell off Metrogas shares 30-10-2024 11:16 Horacio Marín, president of state energy firm YPF, says company will sell off its shares in distributor Metrogas during speech to regional production forum.
THE BUSINESS OF SPORT Top firms in Argentina backing F1 rookie Franco Colapinto 10-09-2024 11:41 Franco Colapinto, the rookie making his way in Formula 1 with Williams Racing, is supported by some of Argentina’s largest companies, including Globant, YPF, Quilmes, Flybondi, Bigbox and Celulosa Argentina.
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.
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.
US COURT CASE Burford cites governor in pursuit of US$16-billion YPF award 13-08-2024 14:39 Burford Capital suggests remarks by Buenos Aires Province Governor Axel Kicillof support its push to collect a US$16-billion US court award against YPF oil company.
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.
EDITORIAL Looking North but also South 03-08-2024 14:23 While the post-electoral turmoil in Venezuela overshadowed any domestic agenda, this editorial will also view the week’s one clear decision – the choice of Río Negro over Buenos Aires Province as the location of the plant to convert Vaca Muerta shale into liquefied natural gas.
ANALYSING ARGENTINA A tale of two economists 03-08-2024 14:08 The name RIGI is notably similar to the LNG bill sponsored by the Peronists last year: Regime for Major Investment Incentives. by Marcelo J. García
OIL & GAS YPF chooses Río Negro, not Buenos Aires Province, for new LNG plant 31-07-2024 17:46 Bahía Blanca was one of the areas being considered to house the ambitious project which will require between US$30 billion and US$50 billion; Decision is a major blow for nation's most populous region.
YPF CASE Could Argentina's gold reserves be seized due to YPF debt? 25-07-2024 18:02 The government’s plan to get liquidity and show financial fortitude has opened a window of uncertainty in the face of possible international suits. There are priors which support the alert, and others that play it down. by Ariel Maciel
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.
POLITICS – ANALYSIS Milei under pressure for the first time 06-07-2024 05:59 If the doubts regarding Milei’s capacity to preside over Argentina were tied to governability risk, Caputo’s are connected to credibility risk: it’s difficult to see how the current policy framework can be sustainable in time. by Agustino Fontevecchia
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.
ANALYSING ARGENTINA RIGI and the ‘frack, baby, frack’ consensus 18-05-2024 06:15 Argentina is not alone in the region in debating what to do with its resources or how the market and the government should engage with one another. by Marcelo J. García
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.
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