Investments

• Thursday, May 10th 2012 - 05:23 UTC

  France’s Total awarded an oil exploration licence offshore Uruguay

  

  France’s Total has been awarded an exploration licence for block 14 offshore Uruguay, following a second bid round staged by state-owned company ANCAP. Confirmation of the award is subject to further approval by Uruguayan authorities.

• Wednesday, May 9th 2012 - 19:14 UTC

  India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk

  

  India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.

• Wednesday, May 9th 2012 - 17:59 UTC

  Goldman Sachs raises price target for Falklands’ Rockhopper Exploration

  

  Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.

• Wednesday, May 9th 2012 - 08:21 UTC

  Argentine Vice President, in Washington, invited US oil companies to invest in YPF

  

  Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol.

• Wednesday, May 9th 2012 - 08:07 UTC

  Argentina, the outcast

  

  By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol

• Tuesday, May 8th 2012 - 06:25 UTC

  Falklands’ trade mission in Aberdeen for investments and know-how to develop its oil industry

  

  The largest trade mission to visit Britain from the Falkland Islands for almost 20 years will arrive in Aberdeen on Tuesday to explore the opportunities arising from the Islands’ fledgling oil and gas industry, reports The Scotsman.

• Tuesday, May 8th 2012 - 06:21 UTC

  Banks will wait for YPF to name new board of directors before taking action

  

  The banks that helped Argentina's Petersen Group buy a stake in energy company YPF will give the group extra time to make a loan payment due this month, according to sources involved in the negotiations.

• Monday, May 7th 2012 - 17:33 UTC

  Argentina takes official control of YPF; Rajoy asks: who can trust that country?

  

  The Argentine decision to seize control of 51% of YPF oil and gas giant came into effect on Monday as a decree was published on the Official Gazette. From Spain a new barrage of criticisms in support of Repsol and condemning Argentina started the week.

• Monday, May 7th 2012 - 04:59 UTC

  Soybeans becomes Uruguay’s main export item, estimated at 1.1bn in 2012

  

  Soybeans are set to establish several records this year in Uruguay: exports will be above one billion dollars; for the first time the oilseed will be the leading export item of the country displacing beef and prospects for the next season are that over a million hectares will be planted.

• Saturday, May 5th 2012 - 06:41 UTC

  Cristina Fernandez enacts YPF nationalization and oil and gas self-sufficiency law

  

  Argentine President Cristina Fernández enacted the YPF nationalization law, which was approved by the Lower House on Thursday. During a nation-wide televised speech from Government House, the Head of State also introduced the company’s new CEO, oil engineer Miguel Galuccio.