Investments
InvestmentsChina downplays interest in stake of Repsol/YPF
Chinese oil producer CNOOC is seeking cooperation rather than acquisitions, the corporation’s president Fu Chengyu was quoted on Sunday, amid talk CNOOC had set its sights on a unit of Spanish oil major Repsol/YPF.
Two Sea Kings for Argentine Antarctic operations
The Argentine Navy received at the end of June the second batch of two UH-3H Sea King helicopters out of a total of six which will replace losses experienced in Antarctic operations it was reported by Puerto Belgrano Marine’s Gazette.
Brazil/Bolivia/Chile inter-oceanic corridor ready for 2011
Bolivia, Brazil and Chile have announced that the inter-oceanic corridor, from the Atlantic to the Pacific will be finished by 2011. The announcement was made following an assessment of the different legs of the corridor during a meeting in La Paz, Bolivia between the Public Works ministers of the three countries.
GM, a respected, innovative, fuel efficient brand in Latinamerica
In spite of its misfortune or long standing mismanagement in the US, General Motors Corp. has built a thriving powerhouse operation in Latin America, where its fuel-efficient vehicles are playing a crucial role in returning the battered company to health.
Petrobras begins refining oil from the pre-salt basin
Brazil’s government managed oil corporation Petrobras reported this week it had begun refining oil from the Tupi field, located at the pre-salt area of Santos Basin which is Brazil’s great hope for becoming a major player in the world’s hydrocarbons market.
YPF/Petrobras/GALP to explore for oil in Uruguayan waters
A consortium made up of YPF/Repsol, Petrobras Uruguay and GALP from Portugal has won a bid to explore for oil in two offshore blocks near the coast of Uruguay, according to industry reports late Wednesday.
Falklands’ could have new deepwater port by 2012
Economic situation allowing, the Falkland Islands hope to have a new deepwater port by 2012.
South American wines help overcome the global crisis
As the world grits its teeth and grabs another glass of something to chase the blues away, South American wine producers are watching exports bounce. International wine sales from places like Chile, Argentina, Brazil and Peru are up in the first quarter of 2009, and industry professionals are saying the crisis has been positive for them.
Brazil drafting legislation to create new state-owned oil company
Brazil’s government is considering changes to the country’s oil law that would open the way for the creation of a separate state owned company to manage development of the sub-salt and deep sea hydrocarbons resources.
Brazil invests 7.6 billion USD in family farming
The Brazilian government confirmed Wednesday that the fund to promote home farming and gardening will have at its disposal 7.6 billion US dollars. This represents a 525% increase since the administration of President Lula da Silva took office in 2003.
