Argentina Will Not Become Venezuela

Chevron (NYSE: CVX) is in advanced negotiations with Argentinean state owned YPF (NYSE: YPF) to develop Vaca Muerta basin, considered by Chevron the second largest reservoir of unconventional oil in the world. This looks like a potentially huge opportunity, but the risks are also enormous.

Ecuador's Correa plans no sweeping reforms, wants investment

QUITO (Reuters) - Beaming after his re-election last weekend, Ecuador's President Rafael Correa said on Thursday he is not planning sweeping reforms and instead hopes to attract investors and diversify the economy from its dependence on oil exports.

Argentine leader grants vast powers to adviser

BUENOS AIRES, Argentina (AP) — Argentina's president granted vast new power over the nation's economy Friday to a young firebrand who was the brains behind the takeover of YPF from Spain's Repsol oil company.

Mexican plan for Gulf deepwater wells sparks new worries

MEXICO CITY _ Two years after the worst offshore oil spill in U.S. history, Mexico's state oil company is about to test its hand at drilling at extraordinary depths in the Gulf of Mexico.