Karina's Feed
Apr 8, 2013

Falkland Islands mourn Thatcher, Argentines bitter over past

BUENOS AIRES (Reuters) – Falkland Islanders mourned Margaret Thatcher on Monday, revering her as their liberator after a 1982 invasion by Argentine forces, but many Argentines bitterly recalled her role in defending the South Atlantic territory.

Flags flew at half-staff on the Falklands after news of Thatcher’s death on Monday aged 87. The head of the local legislative assembly said it was a day of great sadness and another resident praised her as “our Winston Churchill.”

Mar 14, 2013

Argentina’s pope stood up to power, but has his critics

BUENOS AIRES (Reuters) – Argentina’s pope, Jorge Bergoglio, is a fearless critic of the powerful and a bold advocate of the poor, but some say he let down his country by staying silent during a “dirty war” dictatorship.

Links between some high-ranking Roman Catholic clergymen and the military regime that kidnapped and killed up to 30,000 leftists between 1976 and 1983 tarnished the Church’s reputation in Argentina and the wounds have yet to heal.

Mar 12, 2013

Argentina’s YPF says may scale back shale plan due to cost

BUENOS AIRES, March 11 (Reuters) – Argentina’s
state-controlled energy company YPF said on
Monday the high-cost of equipment could force it to scale back
an ambitious drilling program this year at the country’s vast
shale oil deposits.

YPF, which was renationalized last year as Argentina battles
to reverse a long decline in natural gas and oil output, aims to
drill 132 oil wells at the Vaca Muerta shale formation in
Patagonia this year, part of a plan to fund development of the
project from cash flow.

Mar 7, 2013

Argentina frees 5 mln T of 2013/14 wheat for export-sources

BUENOS AIRES, March 6 (Reuters) – Grains powerhouse
Argentina has authorized exports of 5 million tonnes of wheat
for the crop that farmers will begin planting in the coming
months, sources said on Wednesday, a move that could help ease
concerns about tight global supplies.

An industry source, who asked not to be named, and a
government source, who also asked for anonymity, told Reuters
that officials told farmers of the 2013/14 wheat export quota at
special meeting held on Wednesday night.

Dec 28, 2012

Argentine YPF, Bridas in shale investment deal

BUENOS AIRES, Dec 28 (Reuters) – Argentina’s
state-controlled energy company YPF said on Friday it had signed
a preliminary agreement with Bridas International to develop
shale resources that would require an initial investment of $1.5
billion over two years.

The details of the accord, which also includes a $500
million loan by Bridas to YPF for future development of the
non-conventional fields, will be defined over the next 60 days.

Dec 19, 2012

Chevron, Argentina’s YPF agree joint pilot project

BUENOS AIRES (Reuters) – Argentine energy company YPF (YPFD.BA: Quote, Profile, Research, Stock Buzz) (YPF.N: Quote, Profile, Research, Stock Buzz) signed a partnership deal with U.S. oil major Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) on Wednesday that aims to pave the way for major investment in the South American country’s vast shale oil resources.

YPF’s chief executive, Miguel Galuccio, said earlier this month he expected his company to finalize a joint venture agreement with Chevron — Argentina’s fourth-largest oil producer — before the end of the year.

Dec 6, 2012

Exclusive – Argentina’s YPF to draw 1st big post-takeover investment

BUENOS AIRES (Reuters) – Argentine energy company Bridas Holding will make a substantial investment in state-controlled YPF (YPFD.BA: Quote, Profile, Research) in the days ahead, Bridas owner Carlos Bulgheroni told Reuters, marking a potential breakthrough in the government’s search for partners.

Argentina’s left-leaning government has been beating the bushes for investors in YPF since enraging European Union policymakers by seizing a majority stake in the company from Spanish oil major Repsol <(REP.MC: Quote, Profile, Research) in May.

Jul 26, 2012

Repsol: found Argentina shale oil before YPF takeover

BUENOS AIRES (Reuters) – Spanish energy company Repsol (REP.MC: Quote, Profile, Research, Stock Buzz) said on Thursday it found Argentina’s first shale oil resource outside the giant Vaca Muerta field shortly before the government seized control of its YPF unit in April.

The discovery, in the San Jorge Gulf basin in Santa Cruz province, where the majority of Argentina’s crude is produced, is further evidence the country may have some of the world’s biggest unconventional energy reserves.

Jul 26, 2012

Repsol says it made Argentina shale oil find before YPF takeover

BUENOS AIRES, July 26 (Reuters) – Spanish energy company
Repsol said on Thursday it found Argentina’s first
shale oil resource outside the giant Vaca Muerta field shortly
before the government seized control of its YPF unit in April.

The discovery in the San Jorge Gulf basin in Santa Cruz
province, where the majority of Argentina’s crude is produced,
is further evidence the country may have some of the world’s
biggest unconventional energy reserves.

Jun 21, 2012

Labor dispute hits Argentina’s biggest oil field

BUENOS AIRES, June 21 (Reuters) – Pan American Energy LLC
has halted oil production at Argentina’s biggest field, Cerro
Dragon, after workers took over some facilities there to demand
higher pay, company and union officials said on Thursday.

Cerro Dragon lies in the Patagonian province of Chubut and
produces about 100,000 barrels of crude per day, or roughly 15
percent of total output in the country. Pan American, or PAE
, is controlled by oil major BP.