ADVFN - Advanced Financial Network.
HOME» NYSE » C » COP Stock Price » COP Stock News

Conocophillips Share News

 Conocophillips Stock Price
COP Stock Price
 Conocophillips Stock Chart
COP Stock Chart
 Conocophillips Stock News
COP Stock News
 Conocophillips Company Information
COP Company Information
 Conocophillips Stock Trades
COP Stock Trades

Brazil Energy Min: Petrobras To Invest $500 Million In Argentina In 2012

BRASILIA -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will invest $500 million in Argentina this year in an effort to boost production, Mines and Energy Minister Edison Lobao said Friday. Lobao and Argentine Planning Minister Julio de Vido spoke with reporters after a meeting in Brazil's capital, and included Petrobras Chief Executive Maria das Gracas Foster. Lobao said that Petrobras invested about the same amount in Argentina last year. The meeting took place after Argentina's Neuquen province revoked a concession held by the local affiliate of Petrobras, known as Petrobras Argentina SA (PZE, PESA.BA). Argentina's top oil-and-gas-producing provinces have revoked a number of concessions in recent weeks as President Cristina Kirchner tries to force energy companies to invest more in production and exploration. The country also is in the process of expropriating a 51% stake in national oil company YPF from Spain's Repsol (REP). De Vido also said Friday that he will meet with other oil companies next week, including U.S. oil majors Chevron Corp. (CVX), ExxonMobil (XOM), Conoco Phillips (COP) and China's Sinopec. The minister, who will take over as head of YPF under Argentina's nationalization plan, declined to give any details about the meetings. Brazil, however, "trusts" its relationship with the Argentine government and doesn't see any risk that Petrobras's assets in the country will also be nationalized, Lobao said. The investments planned by Petrobras are aimed at boosting the company's share of the Argentine market to 15% in coming years, up from about 8% currently, Lobao said. -By Jeffrey T. Lewis and Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; Jeff.Fick@dowjones.com

Stock News for Conocophillips (COP)
DateTimeHeadline
09/02/201517:37:04Statement of Changes in Beneficial Ownership (4)
09/02/201517:35:26Statement of Changes in Beneficial Ownership (4)
09/02/201517:34:38Statement of Changes in Beneficial Ownership (4)
09/02/201517:32:19Statement of Changes in Beneficial Ownership (4)
09/01/201509:00:00ConocoPhillips Safely Delivers First Oil at Surmont 2
08/28/201514:00:00ConocoPhillips to Present at the Barclay’s CEO Energy-Power C...
08/21/201508:28:00Statoil Shaves Arctic Gas Pipeline Cost
08/17/201518:05:08Statement of Changes in Beneficial Ownership (4)
08/07/201506:41:25ConocoPhillips Seeking Buyer For Indonesian Assets
08/04/201517:05:41Statement of Changes in Beneficial Ownership (4)
08/04/201517:03:02Statement of Changes in Beneficial Ownership (4)
08/04/201517:01:17Statement of Changes in Beneficial Ownership (4)
08/04/201516:59:29Statement of Changes in Beneficial Ownership (4)
08/04/201513:47:53ConocoPhillips To Book $400 Million Charge To Cancel Deep-water...
08/04/201512:03:54Quarterly Report (10-q)
07/30/201511:58:29Morning MoneyBeat: Second-Quarter GDP Could Support September...
07/30/201508:00:11ConocoPhillips Cuts Capital Spending Plans
07/30/201507:55:29Current Report Filing (8-k)
07/30/201507:55:06ConocoPhillips Cuts Capital Spending Plans
07/30/201507:00:00ConocoPhillips Reports Second-Quarter 2015 Results; Announces...

Conocophillips and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad