Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.
Brazil’s Petrobras is abandoning Ecuador after not having reached an agreement on the new oil contracts with the government while Spanish-Argentine Repsol-YPF will remain, announced Minister of Non renewable natural resources Wilson Pastor.
Colombian state oil company Ecopetrol announced investments of roughly 8.5 billion US dollars in 2011, with 5% of that total to be allocated for projects in the United States, Brazil and Peru.
DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.
Denmark’s Vesta Wind Systems has received an order from Argentina for 43 V90-1.8 MW wind turbines (totalling 77 MW) to be mounted in the Rawson I wind farm and Rawson II wind farm both located in the outskirts of Rawson, Chubut province, Argentine Patagonia.
Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.
The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.
Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.
Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce its interim results for the six months ended 30 September 2010