Investments

• Thursday, December 24th 2015 - 11:11 UTC

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

  

  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

  

  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

  

  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

  

  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 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

  

  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

  

  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).

• Wednesday, November 25th 2015 - 07:50 UTC

  Falklands' oil industry deal: Rockhopper will take over FOGL for £57.1m

  

  Falkland Islands oil & gas explorer Rockhopper Exploration is launching a £57.1mln takeover of rival Falkland Oil & Gas. Rockhopper and FOGL have agreed a recommended all-share merger resulting in Rockhopper holding 65% of the enlarged group and FOGL owning the rest.

• Friday, November 20th 2015 - 05:48 UTC

  UK Export Finance extends US$ 500m credit to debt-strapped Petrobras

  

  Brazil's oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement. The financing will contribute towards its fundraising efforts for 2016.

• Wednesday, November 18th 2015 - 08:05 UTC

  Statoil follows Shell and drops search for oil in the US Arctic

  

  Norway's Statoil has decided to quit its Alaskan exploration efforts in the Chukchi Sea, following a recent move by Shell to drop its search for oil in the US Arctic after a key drilling target came back dry.