Investments

• Monday, December 10th 2012 - 20:10 UTC

  YPF CEO Galuccio travels to Norway to discuss partnership with Statoil

  

  Argentina’ nationalized oil and gas corporation YPF is said to be in talks with Norway’s Statoil about a possible partnership as part of its 37 billion dollars drive to develop Argentina’s energy reserves. It is close to signing deals with US oil giant Chevron as well as Bridas Corp, the Chinese-Argentine joint venture, the Financial Times reported on Sunday.

• Monday, December 10th 2012 - 20:05 UTC

  Brazil plans to invest 26bn dollars in four years to modernize ports

  

  Brazil's government has unveiled plans to invest 54.2 billion Reais (approx 26 billion dollars) over the next four years to modernize the country's ports, whose high costs and notorious delays are eroding the country’s competitive edge.

• Monday, December 10th 2012 - 05:34 UTC

  YPF confident it has partners to develop shale assets: Chevron and Bridas

  

  Argentine nationalized oil company YPF is in advanced discussions with potential partners on the development of its shale assets, the company's chief executive said. YPF could complete a deal with Bridas Energy Holdings Ltd. before the end of the year, while an agreement with US oil major Chevron Corp. will likely close in the first quarter of 2013, he said, adding that the deals would likely be similar in size.

• Thursday, December 6th 2012 - 21:09 UTC

  FOGL ends drilling program in south Falklands; begins further seismic surveying

  

  Falklands Oil & Gas (FOGL) announced Thursday it had abandoned its Scotia exploration well in the south basin after disappointing results, thus completing its 2012 two-well drilling (Loligo and Scotia) program in the Falkland Islands.

• Wednesday, December 5th 2012 - 18:26 UTC

  Chevron dispute with Ecuador discussed by Correa with Cristina Fernandez

  

  Ecuador's President Rafael Correa said he discussed with his Argentine counterpart Cristina Fernandez the legal dispute with US oil giant Chevron that has spilled over into her country.

• Tuesday, December 4th 2012 - 19:47 UTC

  Aberdeen oil firm secures exploration licences on Iceland continental shelf

  

  Aberdeen oil firm Faroe Petroleum has secured provisional exploration licences in the Dreki area on the Icelandic Continental Shelf. The company said the licences were “extensive”, encompassing seven blocks located inside the Arctic Circle to the north east of Iceland.

• Tuesday, December 4th 2012 - 16:19 UTC

  For Spain’s Santander bank Brazil is number one and ‘absolute preference’

  

  Emilio Botin chairman of Santander Bank, the leading financial institution in Spain and among the top largest in the European Union said in Sao Paulo that Brazil is the “number one country in Latin America” and the absolute preference of his institution.

• Tuesday, December 4th 2012 - 16:10 UTC

  Mexico strikes largest on land light oil deposit in a decade

  

  Mexico’s government oil and gas giant Pemex confirmed the discovery of a crude reserve which could hold over 500 million barrels, and described as the largest on land strike in the last decade.

• Monday, December 3rd 2012 - 20:36 UTC

  Cable and Wireless Monaco and Islands division sold to Bahrain Telecoms

  

  Cable and Wireless Communications have announced the sale of the majority of its Monaco and Islands division which includes the Falklands. The company has accepted 680m dollars (£420m) from Bahrain Telecommunications Company (Batelco) for the division which operates broadband and telephone lines.

• Monday, December 3rd 2012 - 20:20 UTC

  Spain’s Repsol files complaint against Argentina over seizure of YPF

  

  Spain's Repsol SA filed on Monday a complaint against Argentina before the International Centre for Settlement of Investment Disputes (ICSID) over its nationalization of energy company YPF SA, according to sources familiar with the dispute.