Investments

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.
Tuesday, November 17th 2015 - 09:07 UTC
Marriott agrees to buy Starwood, making it the largest hotel chain in the world

Marriott International has agreed to buy Starwood Hotels and Resorts in a $12.2 billion deal that will make it the largest hotel chain in the world. The boards of directors of both companies have unanimously approved a merger agreement, Marriott announced this morning. The combined companies will operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. About 35% of the properties are outside the USA.
Monday, November 16th 2015 - 06:49 UTC
St Helena airport official opening has been delayed from February to May 2016

The opening of St Helena Airport in the south Atlantic Ocean has been delayed from February 2016 to May 2016 to allow for additional refinement of the aerodrome's infrastructure.