After having to abandon its oil and gas assets quest in Vietnam off the South China Sea India has asked ONGC Videsh Limited (OVL) not to go ahead with its acquisition of hydrocarbon assets located in deep water in Falkland Islands
Repsol YPF SA the large Spanish oil and gas company on Tuesday sued Argentina for seizing control of formerly state-owned energy company YPF SA, in which Repsol held a majority stake.
HSBC reported the sale of its affiliates in Uruguay, Colombia, Peru and Paraguay to the Colombian group Gilinski, an operation involving 400 million dollars, of which 80 million for the Montevideo assets.
Fast-growing trade and investment between the Asia-Pacific area and Latin America and the Caribbean have transformed the two regions into powerful motors for the world economy, with two-way trade hitting 442 billion dollars last year. The time is right to deepen cooperation so as to ensure future growth and prosperity, according to a new study.
Argentina's seizure of 51% of the shares of Spanish oil group Repsol's YPF unit could scare away international firms from investing in the, the International Energy Agency said on Friday.
The overseas arm of Indian state-owned Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd is in talks to buy 25% stake in an exploration block off Falkland Islands in the South Atlantic, reports The Economic Times from New Delhi.
Falkland Islands exploration company Borders & Southern (AIM: BOR) announced the spudding of its second well, 61/25-1, on 11 May 2012. The well is located 170 km south of the Falkland Islands.
Brazilian meatpacker JBS SA has sold one of its two units based in San Jose, Argentina, the company said in statement Wednesday. The unit was sold for 16.5 million dollars to a group of local cooperatives and the provincial government, which will run the operation.
The North Falkland basin explorer Desire Petroleum has revealed the findings of an economic assessment of the group’s stake in the Sea Lion oil discovery, based on a high level development concept and economic review by Senergy from the UK.
Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay