Investments

Investments
Friday, May 23rd 2014 - 23:50 UTC

Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

Chevron Kent Robertson has only words of praise for the development prospects of Vaca Muerta

Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.

Friday, May 23rd 2014 - 23:38 UTC

Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

Cristina Fernandez seized a majority of assets in Repsol's YPF in 2012 and two years later reached a compensation deal

Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.

Friday, May 23rd 2014 - 10:45 UTC

YPF discovers shale in Chubut province, 1.000 km southeast of Vaca Muerta

Vaca Muerta shale is attracting oil and gas investors from around the world

At least 15 more shale oil and gas wells will be drilled in Argentina's Patagonia Chubut province over the next three years, a provincial official said on Thursday, a day after its first shale discovery was made public.

Thursday, May 22nd 2014 - 08:53 UTC

Chile to Host 5th Edition of the Global Mining Technology Forum

The 5th Annual Global Mining Technology Forum will be held in October 2014 in Santiago to discuss the mining industry's way forward in technology adaptation. Fleming Gulf Conferences has announced that the 5th edition of it's flagship mining conference will take place in October 2014 in Santiago, Chile.

Thursday, May 22nd 2014 - 07:40 UTC

Falklands’ Premier and Noble have contracted a rig, according to Norwegian energy website

According to Offshore.no, the Eirik Raude rig will earn as much as 500.000 dollars per day.

Ocean Rig has reportedly received a contract for its Eirik Raude semi-submersible rig for a drilling campaign in the Falkland Islands. According to Offshore.no, a Norwegian energy news website, the rig will be used by Noble Energy and Premier oil for their respective drilling campaigns in the Falkland Islands waters in 2015

Wednesday, May 21st 2014 - 07:15 UTC

Rousseff ‘guarantees’ Brazil’s airports will be prepared to welcome World Cup visitors

“We are going to welcome everyone extremely well, and Brazilians will be able to be proud of the Brazil we are building”

President Dilma Rousseff has “guaranteed” Brazil's airports will be prepared to welcome visitors for the World Cup, which starts on June 12 in São Paulo. Rousseff made the comments on her weekly ''Breakfast with the President'' national radio program following criticism that a number of airports which were promised to be completed for the key football tournament remain unfinished.

Tuesday, May 20th 2014 - 19:35 UTC

Falklands visited by Punta Arenas experts in ports, logistics and shipping

Left to right: Stacey Bragger FI Chamber of Commerce, Felipe Carvallo ULOG, Milenko Buljan Agunsa, Ignacio Covacevic EPA, Marcelo Mahuzier ASMAR and Alvaro Insua of Galicia shipping.

A group of managers representing Punta Arenas port facilities, logistic companies and shipping companies visited the Falkland Islands last week with an ultimate aim to offer solutions to the current and future commercial needs of the Islands.

Monday, May 19th 2014 - 09:09 UTC

ATT to acquire DirecTV for 48.5bn dollars; shareholders must approve

AT&T's Randall said in a statement: “This is a unique opportunity that will redefine the video entertainment industry”

US telecommunications firm AT&T will acquire satellite television provider DirecTV in a cash and stock deal valued at $48.5bn (£29bn). If approved, the deal gives AT&T access to DirecTV's 40 million digital TV customers in the US and Latin America.

Friday, May 16th 2014 - 09:37 UTC

YPF wants to create a G10 of Latin American state oil companies CEO's

“Energy is power” and the region has plenty of energy, said Galuccio

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.

Friday, May 16th 2014 - 09:25 UTC

YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

According to the ruling, Cristina Fernandez committed “abuse of authority, breach of public duty and potential environmental damage”

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.

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