COLUMBIA > Chile based oil and gas explorer GeoPark is set to invest majority of $220 to $240 million in Columbia and Peru in 2019

Geopark According to Kallanish Energy reports, Chile based GeoPark is set to invest $220 to $240 million in various Latin American countries including Columbia, Peru, Argentina, Brazil and Chile. GeoPark is basing on a Brent crude price of $70 a barrel but is flexible to both increase and decrease. Expecting to fund by cash flow, GeoPark can increase Capex to $240-270 More …

ARGENTINA > IFC, Natixis and Rabobank have arranged a $295 million long- term pre-export financing package for agribusiness company Vincentin in Argentina

IFC logo For supporting the working capital needs for exports of oil seed, oil and sub products, Vincetin has received a $295 million long- term pre-export financing package from IFC, a member of the World Bank Group, Natixis and Rabobank. Having a strategic relationships with Vicentin for more than 20 years, IFC, Natixis and Rabobank have been providing financing, mobilizing resources and More …

ARGENTINA > Germany based Siemens has received a contract to expand the Genelba gas-fired power station in Argentina

Siemens logo1 Working with its Argentine partner Techint to provide power for its end customer, Pampa Energia S.A, Siemens has receive a contract to expand the Genelba gas-fired power station. The project involves converting the Marcos Paz power station in Buenos Aires Province into a combined cycle power plant and is to be commissioned in mid-2019. This will increase the plant’s electrical More …

ARGENTINA > Viacom buys Television Federal, an Argentine TV network for $345 MM

viacom_logo Viacom buys Television Federal, a Spanish-language television company in Argentina for $345 million. Two main attraction for Viacom in the deal were Television Federal offerings of more than 33,000 hours of content of Spanish-language programming and Television Federal’s reach to 95% of all households in Argentina (based on Viacom’s remark). In a country of 43 million, that is a huge More …