Bridas

Whenever the subject of partners for Argentina’s YPF to develop the Vaca Muerta shale deposits crops up, it isn’t long before someone suggests China as a potential investor.

So Carlos Bulgheroni’s admission that the Bridas group, in which his family and China’s CNOOC each own 50 per cent stakes, is planning to invest Vaca Muerta with YPF will have a lot of people sitting up. Continue reading »

How much would you pay to avoid fraud allegations?

$700m, it seems, if you are BP. On Monday, subsidiaries of the British oil major filed a lawsuit against Bridas, the Argentina-based oil and gas group that is half-owned by China’s Cnooc, over the terms of a collapsed deal that would have seen Bridas acquire its majority stake in Pan American Energy for $7.06bn. Continue reading »