Norway's Spectrum has started a 35,000 km multi-client 2D seismic survey covering 435,000 km2 in the deep waters of Argentina in cooperation with YPF. The survey will provide industry with the first ever detailed seismic grid over this under-explored frontier area of Argentina, allowing for basin-wide studies of the area as well as prospect/lead level interpretation studies for upcoming license rounds.
Conservative Party donor David Rowland has thrown in the towel in the Falkland Islands after losing a battle to take control of its key industries. The Rowland´s family investment vehicle, Staunton Holdings Limited has got rid of all its shares in the Falkland Islands Holdings (FIH) after shareholders rejected a takeover, reports the London financial media.
Argentina is offering investors the best opportunity in the past 25 years as President Mauricio Macri reforms the battered Latin American economy, according to real estate developer Eduardo Elsztain, said in an interview with Bloomberg.
An Argentine businessman and partner of the US based Howard Johnson, with 37 hotels under that name in Argentina, Uruguay and Paraguay, is attempting to refloat an old project to install a 40 rooms complex in the Falkland Islands, according to media reports in Buenos Aires.
ExxonMobil is planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca Muerta formation in the Neuquen province. Exxon will start drilling Vaca Muerta in May, by drilling horizontal wells with laterals of 2,500-3,000 meters, Neuquen province governor Omar Gutierrez said this week.
FIH Group PLC said on Tuesday it plans to release a trading update later this week which will outline its anticipated results for the recently ended financial year while also updating shareholders on the future strategy following failed takeover offers for the firm.
The Gibraltar Football Association is to buy the Victoria Stadium from the Gibraltar Government, in a move that paves the way for local football teams to play international games at home and, in parallel, will trigger a £16.5m investment in new sport infrastructure around the Rock, reports the Gibraltar Chronicle.
Dolphin Fund Ltd said late Thursday that it has decided not to make an offer for FIH Group PLC at this time, following a letter from the Falkland Islands Government warning FIH about its status should it undertake a change of ownership.
Argentina's state-run oil company YPF is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina. Other nationally owned oil companies are interested in the assets but YPF is seen as having an edge because of its strong position in Argentina, the reliable industry sources said.
Barrick Gold and Shandong Gold, a Chinese company, have signed a strategic co-operation agreement that includes half the Veladero gold mine in Argentina. Shandong has agreed to purchase 50% of the Veladero mine in Argentina for US$960 million, and a joint venture will be created to operate it.