Investments

Investments
Thursday, December 31st 2015 - 08:09 UTC

Chile's ENAP moves into power generation in association with Japan's Mitsui

“We have selected as ENAP partner a company with vast experience and financial strength, as new player in the electricity sector”, said ENAP CEO Marcelo Tokman

Chilean state oil company ENAP announced the signing of an agreement with Japan's Mitsui & Co. for the development of two power generation projects with combined installed capacity of nearly 1,300 MW.

Wednesday, December 30th 2015 - 03:22 UTC

Major Spanish company in frozen fish industry, Iberconsa, sold to Portobello Capital

Iberconsa is based in Vigo and 45% of its sales are exports. It is present in all channels, mostly retail and its products include, besides hake, squid and prawn.

The Spanish manager of equity Portobello Capital has bought a majority stake in Iberconsa (Iberica de Congelados), the third company in the sector in Spain and the first one to capture and produce frozen hake on board.

Tuesday, December 29th 2015 - 08:23 UTC

JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region

In and end-of-year survey Bloomberg business news agency quotes JP Morgan Latam expert Tulio Vera: Argentina is the “ray of sunshine” in the region

A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.

Thursday, December 24th 2015 - 11:11 UTC

Capital-strapped Petrobras wants to extend oil and gas fields contracts

By renewing early Petrobras will ensure it can count remaining reserves on its financial accounts for a longer period, making it easier to raise capital.

Brazil's state-run oil company Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador offshore oil fields to win early renewal of its concession rights, oil regulator ANP said.

Wednesday, December 23rd 2015 - 08:46 UTC

Despite falling oil prices, Brazil is developing the equatorial Barreirinhas basin

CGG is deploying its specialized seismic vessel, the Oceanic Vega, to acquire the 14 500 km² 3D seismic survey.

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, has signed a contract with CGG to provide offshore agency support services for a new oil and gas exploration project in the Barreirinhas Basin in the equatorial margin of northern Brazil.

Wednesday, December 16th 2015 - 08:20 UTC

YPF and Dow sign US$500m agreement to further develop shale gas

President Macri attended the signing ceremony. His administration plans to triple gas production by the end of 2016

Argentina announced on Tuesday an agreement between state-run oil company YPF and Dow Chemical to spend $500 million next year developing a natural gas project in the Patagonia region.

Monday, December 7th 2015 - 07:03 UTC

'A great number of US corporations will be reinvesting in Argentina', forecasts ambassador Mamet

“We’re pleased with the talents brought together for his Cabinet and visible in the rest of his advisers,” the US ambassador to Buenos Aires said.

United States ambassador to Argentina, Noah Mamet, in a lengthy interview with the La Nacion daily, praised the election of Mauricio Macri and figures of his cabinet and stressed that the US government was anxious to begin working together.

Thursday, December 3rd 2015 - 07:55 UTC

Total contracts Maersk drillship to spud well offshore Uruguay next March

”Maersk Drilling is very pleased with being selected by Total to drill their first exploration well offshore Uruguay,” said Claus V. Hemmingsen from Maersk

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major France's Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay.

Wednesday, December 2nd 2015 - 12:38 UTC

Brazil's worst mining disaster will stress test 'king iron' Vale's resources

Vale's CEO Ferreira said environmental recovery from disaster at the Samarco joint venture co-owned with BHP Billiton would take time and a lot of help.

Brazil's deadly mining disaster could cost Vale SA at least US$443 million, but it is too early to put a price tag on what it expects to be a long clean-up from the pollution spilled when the toxic dam burst.

Thursday, November 26th 2015 - 17:39 UTC

UK's Cammell Laird will build BAS new £200 million polar research ship

 Cammell Laird chief executive, John Syvret CBE, met with NERC chief operating officer Paul Fox (L) to seal the deal in Birkenhead

The Birkenhead shipyard Cammell Laird said it saw off competition from Europe and beyond including Korea and Singapore to be selected as the preferred bidder to build a new vessel for the UK-funded Natural Environment Research Council (NERC). The contract was signed last week and it is expected that full production will start in June next year, and on completion the vessel will be operated by NERC’s British Antarctic Survey (BAS).

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