ExxonMobil to Explore Argentina Shale Oil & Natural Gas

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 …

Why Good Franchises Are Great Business for Argentina

This time last year we posed the question if more Argentine franchises would find success abroad. Now we have an answer. The Art of Exporting Franchises in La Nacion singled out Havanna as one of the few Argentine business models that has translated to foreign soil. While Argentina is often associated with great generics like beef, leather, tango and the Patagonia, franchise experts believe there …

More Americans & Brazilians Investing In Uruguay

Foreign investment in Uruguay is shifting in two major ways: the destination and the origin. An interesting analysis today in El Observador: “Real estate investment and construction have replaced land purchases and loans to financial institutions as the primary pole of attraction for foreign capital coming into the country over the last decade.” Outside investors also play a more important …

Puerto Madero Restaurants Rolling Out the Dollar Menus

Last year we took a closer look at five Puerto Madero myths and debunked them one-by-one. Now there’s a sixth myth we can add to the list: It’s an expensive place to eat. On the contrary, writes Cronista’s Mariano Gorodisch, with a headline that pretty much sums up his article: “Eating lunch in Puerto Madero can cost half of eating …

Brazilian Tourists Spend Record $2.2 Billion Abroad

What do you get when you combine a surging economy, a strong national currency and a month full of vacations? If you’re Brazil, you get the highest level of spending abroad recorded in history. According to Diario do Nordeste, Brazilian tourists packed over US$2.2 billion in their suitcases and spent it on hotels, restaurants and shopping abroad. The Brazilian Central …