Investments

• Wednesday, January 9th 2013 - 05:02 UTC

  Argentina rapidly changing oil/gas industry levies to attract foreign investment

  

  Argentina unveiled a new system of export duties on oil shipments that will cut levies as the government seeks to attract investment to revive stagnant production. The change means energy companies will receive 70 dollars per barrel of exported oil, up from 42 previously. Argentina controls the price of oil exports in order to guarantee domestic supply.

• Tuesday, January 8th 2013 - 19:50 UTC

  British Gas plays the Brazil card and begins oil production in pre-salt Santos basin

  

  British Gas started oil production at the Sapinhoa field off Brazil, one of the “Big Five” discoveries in the pre-salt Santos Basin. Along with Petrobras and Repsol, BG plans to pump an initial 25.000 barrels a day from the deposit in BM-S-9 Block, the England-based producer said in a statement.

• Tuesday, January 8th 2013 - 00:04 UTC

  Uruguay wants to become one of the world’s leading wind power producers

  

  The Uruguayan government has set its sights on becoming one of the world's leading wind power producers as part of plans to produce 90% of its electricity from renewable sources by 2015, although much of the plan is still on the drawing board.

• Friday, January 4th 2013 - 05:29 UTC

  Former Director of three Departments awarded MBE ‘for services to Falklands’ interests’

  

  The only Falkland Islander to figure in this year’s New Year’s Honours List was recently retired Director of Mineral Resources, Phyllis Mary Rendell, who was awarded an MBE for, “services to Falkland Islands interests.”

• Saturday, December 29th 2012 - 15:34 UTC

  The spirit and roots of the Falklands in “Our Islands, Our History”

  

  The Falkland Islands Government announced the completion of the booklet “Our Islands, Our History”. The booklet provides a succinct and accessible summary of the key aspects of the history of the Falkland Islands, and of the people whose determination and character have forged them to a democratic, prosperous and dynamic community.

• Saturday, December 29th 2012 - 06:30 UTC

  YPF signs shale gas exploration deals with Pan American Energy and Bridas

  

  Argentina’s nationalized oil and gas company YPF announced on Friday that Pan American Energy, PAE, would be investing 3.4bn dollars in gas production in the next five years while Bridas, belonging to the Bulgheroni brothers said it plans to invest 1.5bn dollars in the development of the non conventional shale deposits in Vaca Muerta.

• Friday, December 28th 2012 - 08:08 UTC

  Defaulted bonds: Argentina makes its case before the New York Appeals court

  

  Argentina will be making a presentation before the US Court of Appeals for the second circuit, in Manhattan on Friday regarding Federal Judge Thomas Griesa recent ruling that Argentine defaulted bondholders must be paid simultaneously with those who accepted the restructured bonds.

• Wednesday, December 26th 2012 - 06:03 UTC

  YPF and PDVSA will explore Malvinas continental shelf for oil, says Pagina 12

  

  According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain's Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil.

• Friday, December 21st 2012 - 22:39 UTC

  Looting extends in Argentina: two people shot dead, dozens injured in clashes with police

  

  A rash of looting and ransacking of supermarkets in Argentine major cities and several provinces left two people killed, dozens injured and hundreds arrested. The looting and vandalizing of supermarkets began in the Patagonian resort of Bariloche on Thursday and seemingly triggered a knock-on effect across different provinces, as similar incidents began to arise in Buenos Aires, Santa Fe, Entre Ríos and Chaco provinces.

• Wednesday, December 19th 2012 - 20:45 UTC

  Chevron/YPF sign pilot accord to drill 100 wells in Vaca Muerta shale deposits

  

  US Chevron and Argentina’s nationalized YPF signed a partnership to on Wednesday to invest 1 billion dollars to develop the shale-oil reserves of Vaca Muerta in the hydrocarbons rich Patagonian province of Neuquén.