Investments

Friday, February 21st 2014 - 07:15 UTC
Chinese flair for France's second largest automobile group, PSA Peugeot-Citroen

Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company. China's Dongfeng Motors and the French government will each invest about 800m Euros in return for 14% stakes. Another 1.4bn Euros will be raised from existing investors in Peugeot.
Wednesday, February 19th 2014 - 22:16 UTC
YPF signs agreement with Petronas for shale development in Vaca Muerta

Argentina's state oil company YPF announced this week that it had signed a memorandum of understanding (MOU) with a subsidiary of Malaysia's national oil company Petronas for unconventional oil and gas resources development in Argentine Patagonia.
Saturday, February 15th 2014 - 07:41 UTC
Lula da Silva tries to convince top US corporations and banks to invest in Brazil

Former president Lula da Silva lobbied strongly on Thursday in New York trying to convince US investors to make business in Brazil during a conference to members of the American Society and Council of Americas, which organized the event.
Saturday, February 15th 2014 - 05:50 UTC
Spain's Repsol signs 1.2bn dollars financing deal with Venezuela's PDVSA

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest 1.2 billion dollars to boost the output of the companies' Petroquiriquire joint venture.
Friday, February 14th 2014 - 21:22 UTC
Total to drill first exploratory well in Uruguay's shelf in October 2015

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.
Thursday, February 13th 2014 - 19:30 UTC
The Golden Age of Gas, Possibly: Interview with the IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.
Thursday, February 13th 2014 - 03:11 UTC
YPF buys Houston based Apache's operations and assets in Argentina

Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.
Tuesday, February 11th 2014 - 08:04 UTC
Jaguar Land Rover profits soar on sales of XJ and XF models and Range Rover

Profits at luxury car maker Jaguar Land Rover (JLR) more than doubled in the last three months of 2013. The UK company made profits of £842m, up from £404m for the same quarter in 2012, on revenues of £5.3bn.
Monday, February 10th 2014 - 03:23 UTC
Falkland Islands' Fortuna incorporates MSC ice-class longliner 'Tronio'

Fortuna Ltd, one of the Falkland Islands leading fishing companies announced the incorporation to their Falklands registered fleet of the 55-meter ice class longliner 'Tronio', specifically designed for ice fishing in Antarctica.
Friday, February 7th 2014 - 06:52 UTC
Falklands oil industry: Premier ratifies its commitment to develop Sea Lion

Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.