PETROBRAS ENERGIA: Cites ARS46M Cleanup Expense Allowance in ‘08

Petrobras Energia S.A. recorded ARS46 million as current expense allowance for environmental remediation in 2008, compared with ARS38 million in 2007.

The Company recorded ARS66 million as non-current expense allowance for environmental remediation in 2008, compared with ARS64 million in 2007.

Buenos…

APACHE CORP: Argentine Environmental Suit v. Pioneer Continues

Apache Corporation reports in its Quarterly Report for the period ended June 30, 2008, that Pioneer Natural Resources’ operations in Argentina (PNRA) continue to face various environmental and remediation claims.

In connection with a 2006 acquisition from Pioneer Natural Resources, the…