Argentina's YPF CEO Miguel Galuccio proposed on Thursday in Bolivia a G10 of Latin American state owned oil corporations to strengthen their bargaining power based on their resources and development synergy.
Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact.
Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.
Archaeologists believe they may have found the wreckage of the Santa Maria, one of the ships Christopher Columbus used to sail the ocean blue en route to the “New World” more than 500 years ago.
Uruguay offers tremendous guarantees for investors and is a decent country, said President Jose Mujica on his second day visit to Washington where he addressed 120 business people at the US Chamber of Commerce during a Tuesday morning work-breakfast.
President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.
Minister of Economy Mario Bergara addressed on Tuesday the US Chamber of Commerce in Washington and said Uruguay was a good place to invest because despite being a small market, it was a good launching pad to develop in the region.
Falkland Islands Consolidated Fisheries Ltd (CFL) celebrated its 20th anniversary as a company at a reception and banquet at Malvina House Hotel. It also celebrated the 10th anniversary of its vessel CFL Gambler’s blessing and highlighted the MSC certification of the toothfish fishery.
Falkland Islands members of the Legislative Assembly made an open, public presentation, with feedback, to explain how approximately £61.1 million in available government funds might be divided between capital projects over the next five years.
Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.