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Just as U.S. companies have revolutionized the global shale-gas industry, businesses working in Argentina have the opportunity to set new standards in shale-oil production, according to executives from Argentina's state-run oil company, YPF SA (YPF, YPFD.BA), and Chevron Corp. (CVX).YPF Chief Executive Miguel Galuccio and Ali Moshiri, president of Chevron's Latin America and African operations, said Argentina's unique geology and infrastructure give the country advantages over other shale-oil and gas producing nations."From the geological point of few, after the U.S., Argentina is No. 2. Some people say China is No. 2 but really...in terms of shale oil Argentina is No. 2," Mr. Moshiri said in a meeting with the foreign press Wednesday.Argentina's shale-oil and shale-gas reserves are located mainly in the Vaca Muerta formation, which means "dead cow" in Spanish, in the Andean province of Neuquen."The potential in Vaca Muerta is big enough to make Argentina energy independent," Mr. Moshi...
Peru's National Mining, Oil and Energy Society, or SNMPE, said Tuesday that the government's interest in buying a refinery and gasoline stations sends a bad signal t...
Peru's Energy and Mines Minister Jorge Merino said state-owned Petroleos del Peru SA (PETROBC1.VL), or Petroperu, will sell shares on the Lima Stock Exchange later t...
The possibility that Peru's government may buy a refinery and a chain of service stations is causing a fire storm of protests, with critics saying that President Oll...
Peruvian Finance Minister Luis Miguel Castilla said Thursday that the government, through state-owned oil company Petroleos del Peru SA (PETROBC1.VL), or Petroperu, ...
Crude oil from southern Colombia could begin flowing through Ecuador's OCP pipeline as early as next week under an agreement signed Wednesday between the pipeline op...
Peruvian President Ollanta Humala is planning to meet on Monday with the head of Spanish oil company Repsol SA (REP.MC, REPYY), a spokeswoman for the president said....
Argentina's government plans to put up to $2 billion into a new petroleum exploration-and-production fund as the South American nation struggles to become self suffi...
International companies trading in New York closed mixed Thursday as resources companies rebounded some and earnings dragged on European stocks.The Bank of New York ...
State-owned oil company Petroleos del Peru SA (PETROBC1.VL), or Petroperu, is studying the possibility of taking a minority stake in the Repsol SA (REP.MC, REPYY) La...
Brazil has approved 64 companies to bid in the 11th round of auctions of oil and natural-gas exploration blocks, the National Petroleum Agency, or ANP, said Monday.T...
Four business groups have made an offer for assets owned by Spain's Repsol SA (REP.MC) in Peru, newspaper El Comercio reported Monday.The newspaper said that state-o...
Private consortium OCP Ecuador SA expects to resume operations of its heavy crude Oleoducto de Crudos Pesados, or OCP, pipeline, Friday, the Ministry of Non Renewabl...
Argentina's largest oil and gas producer, state-run YPF SA (YPF, YPFD.BA), and Chevron Corp. (CVX) moved closer Wednesday to finalizing an agreement that would see t...
Repsol S.A. (REP.MC) signed a four-year agreement with Guyana's government for rights to explore the Kanuku Block, about 100 miles offshore, Reuters reported Tuesday...
Spain pulled in massive demand for the sale of new 10-year government bonds Tuesday, as investors continued to look to the euro zone's riskier markets in the hunt fo...
Only a few months after Spanish oil company Repsol SA (REP.MC) said it would write down the value of its Canadian liquefied natural gas operation by $1.3 billion ami...
Spanish oil company Repsol SA (REP.MC) said Thursday its first-quarter profit rose 38% on the year, mainly due to higher production and refining margins.Repsol said ...
Karoon Gas Australia Ltd. (KAR.AU) has made its second significant oil discovery offshore Brazil, sending its shares soaring as much as 28% Monday and increasing the...
Peru's government plans to focus on modernizing its Talara refinery and other projects, after closing the door to a possible purchase of assets owned by Spanish oil ...
