How Will The Petrobras Scandal Impact Investments In Argentina?

Patrick Archer competitiveness, foreign investment, real estate

With top executives already in jail, 62 alleged bribe-receiving politicians sweating bullets and dozens of companies now under investigation, how will the Petrobras scandal impact the Brazilian oil giant’s investments in Argentina? A detailed analysis in today’s iProfesional poses that question and puts the magnitude of the scandal in local terms: the estimated US$45 billion in illegal surcharges, bribes and kickbacks is …

Fracking Projects Moving Forward In Argentina’s Patagonia

Patrick Archer agribusiness, foreign investment, real estate, us companies

Hydraulic fracturing or “fracking” is making a steady push into the Northern Patagonia provinces of Neuquen and Rio Negro, as oil and gas companies are waving irresistible sums in front of small fruit farmers in the Alto Valle. These are dollar amounts that would have caused “a laughter attack” twenty or thirty years ago, writes Claudio Andrade who says the …

Energy Revolution: Uruguay Will Be A Net Exporter By 2016

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, visionaries

Thanks to US$7 billion worth of public and private sector investments, Uruguay is going to witness an energy revolution over the next three years that will lower costs, reduce volatility and catapult the country into net energy exporter status by 2016. The country’s Minister of Energy, Ramon Mendez, says those were the opinions shared by the heads of two independent agencies, …

On Land & Sea, Uruguay Maps Out Major Oil & Gas Exploration

Patrick Archer agribusiness, foreign investment, uruguay

Devoid of political opposition and environmental hurdles, forward-thinking Uruguay is taking a page out of neighboring Brazil’s energy independence playbook and getting serious about oil and gas exploration. ANCAP, the state-owned petroleum company, anticipates US$1.5 billion of new investments in Uruguay land and sea exploration flowing from ten of the world’s largest oil companies in the coming years. Raul Sendic, …

ExxonMobil to Explore Argentina Shale Oil & Natural Gas

Patrick Archer agribusiness, foreign investment, us companies

ExxonMobil, the world’s largest publicly traded international oil and gas company, will invest up to US$76.3 million to explore and develop shale oil and natural gas in the Neuquen Province of Argentina. Terms of the farm-out agreement (FOA) will involve ExxonMobil taking a 45% stake in a Canadian company’s Los Toldos shale gas blocks which encompass over 160,000 acres in …