Latest news with #inversión
Bloomberg
a day ago
- Business
- Bloomberg
Zara's Ortega Buys €250 Million Blackstone Building in Barcelona
Spanish billionaire Amancio Ortega has acquired a building on Barcelona's iconic Diagonal avenue for about €250 million ($284 million) from Blackstone Inc. Pontegadea Inversiones, the family office for the owner of apparel chain Zara, agreed to buy the 27,000 square-meter (290,000 square-feet) building housing the headquarters of Spanish book publisher Planeta, a spokesperson told Bloomberg News, confirming an earlier report by El Economista.
Reuters
2 days ago
- Business
- Reuters
Colombia oil and gas E&P investment could jump 8% in 2025, industry group says
BOGOTA, May 29 (Reuters) - Colombia's investment in exploration and production (E&P) of hydrocarbons could jump some 8% this year to reach $4.68 billion, Colombia's leading industry group said on Thursday, warning this would not prevent a drop in gas production. The Colombian Oil and Gas Association (ACP) said the resources would however, maintain the South American nation's current levels of crude oil production. Investment last year was $4.33 billion, according to the ACP. "Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and the complexity of the operating environment," ACP President Frank Pearl said. "For gas, we are not managing to either increase production or replenish reserves, which is double the challenge when it comes to energy self-sufficiency," he added. The ACP estimated that $740 million would be invested in exploration this year, while $3.94 billion would go toward production so the country can keep pumping between 760,000 and 770,000 barrels of oil equivalent per day, similar to the 772,000 boepd recorded in 2024. However, it predicted that gas output would decline to 905 million cubic feet per day, compared to 959 million cubic feet last year. Since coming into office in 2022, President Gustavo Petro has sought to reduce the country's dependence on fossil fuels, a major contributor to the nation's economy, and move towards solar and wind energy projects.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Bogotá connects with the tech world: Invest in Bogota will participate in the Web Summit Vancouver 2025
BOGOTÁ, Colombia, May 28, 2025 (GLOBE NEWSWIRE) -- Invest in Bogota and the Bogota Chamber of Commerce will participate in the Web Summit, one of the most important technology meetings worldwide, which will take place from May 27 to 30 in Vancouver Canada. This assistance is part of the agency's commitment to position Bogota and Colombia as strategic destinations for investment in technology and knowledge-based services. With more than 15,000 attendees from more than 130 countries, the Web Summit is a global platform to discuss the main challenges and opportunities of the sector, including key topics such as artificial intelligence, sustainability and digital transformation. The event will also be attended by the Information Technology and Knowledge Economy Cluster of the Bogotá Chamber of Commerce, under the leadership of its director Andrés Carbo Abello. The representation of Invest in Bogota will be in charge of Carolina Tamayo Hackmayer, Senior Investment Officer. In addition, the Science, Technology and Innovation Campus project will also be socialized, a strategic initiative that seeks to consolidate a high-impact environment for companies, universities and research centers, promoting the generation of knowledge, digital transformation and the development of innovative solutions with global reach. 61% of Bogota's GDP in 2023 came from the service sector, the main engine of its economy. Bogota recorded an average economic growth of 3.5% in the last five years, above the national (2.9%) and Latin American (1.4%) averages. The United States accounts for 27% of Colombia's IT services export destination, followed by Brazil (7%) and Mexico (7%). Bogota has three of the top 20 universities in Latin America. The city has the highest bilingual population in the region, with more than 2.1 million people. Colombia has graduated more than one million professionals in STEM careers in the last five years; 31% of them are in Bogotá. Bogota concentrates more than 63% of employment, 60% of revenues and 47% of companies in the IT sector in Colombia. Colombian talent is up to 20% more cost-efficient than Mexican talent in IT services. Invest in Bogota is a public-private partnership between the Bogota Chamber of Commerce and the Capital District, and its purpose is to facilitate international investment, attract world-class meetings and events and articulate the high-impact entrepreneurship ecosystem to contribute to the socioeconomic development, competitiveness and quality of life of the Bogota-Region.
Reuters
4 days ago
- Business
- Reuters
BBVA to invest $5.2 billion in Mexico through 2030
MEXICO CITY, May 27 (Reuters) - Spanish bank BBVA ( opens new tab plans to invest more than 100 billion pesos ($5.19 billion) in Mexico through 2030, it said in a statement on Tuesday. The investment is part of BBVA's long-term bet on the Latin American nation, the firm added. "The 100 billion pesos that we are announcing is not only an investment," BBVA chair Carlos Torres Vila said in the announcement. "It's a commitment to the more than 30 million customers we serve in the country." BBVA added that it was looking to further strengthen its corporate banking presence in the nation and boost customer service. ($1 = 19.2575 Mexican pesos)
Zawya
23-05-2025
- Business
- Zawya
GEPetrol Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Equatorial Guinea Accelerates Upstream Revival
Bienvenido Nguema Envo, CEO of Equatorial Guinea's national oil company GEPetrol, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation comes at a pivotal moment for Equatorial Guinea as the country undertakes bold steps to revitalize its oil and gas industry, attract new investment and strengthen energy security across West Africa. Under Nguema Envo's leadership, GEPetrol is executing a robust development strategy that includes new production sharing contracts (PSCs), the relaunch of exploration and drilling activities, and a transformative field redevelopment program. His participation at AEW: Invest in African Energies 2025 is expected to spotlight these initiatives, while sharing insight into the role GEPetrol is playing in shaping the next phase of growth for Equatorial Guinea's energy sector. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Among the highlights of GEPetrol's recent activities is the company's strategic partnership with independent exploration and production company Panoro Energy for Block EG-23, a highly prospective offshore asset north of Bioko Island. Under the PSC, Panoro Energy now holds an 80% participating interest and operatorship of Block EG-23, while GEPetrol holds the remaining 20%. With estimated resources of 104 billion barrels of oil and condensate and 215 billion cubic feet of gas, the block has already yielded multiple discoveries and is a focal point of renewed exploration. The collaboration aligns with Equatorial Guinea's infrastructure-led approach to boosting upstream development. In addition, GEPetrol and energy major Chevron signed PSCs last year for Blocks EG-06 and EG-11, both located near the prolific Zafiro field. These deepwater blocks are viewed as central to reversing national production declines and unlocking new discoveries. The agreements come as part of Equatorial Guinea's broader effort to incentivize exploration in underdeveloped acreage and fast-track resource monetization. GEPetrol recently assumed operatorship of the Zafiro field – Equatorial Guinea's largest oil asset – following energy major ExxonMobil's exit. A multi-phase redevelopment plan is underway, with the company targeting increased production and operational optimization. A recent $350 million technical services contract awarded to international service provider Petrofac represents a key milestone in the redevelopment of the field as well as GEPetrol's transformation into a globally competitive upstream operator. 'Bienvenido Nguema Envo's participation at AEW: Invest in African Energies 2025 reinforces the strategic repositioning of GEPetrol as a driving force in Equatorial Guinea's energy resurgence. As the country advances major offshore projects, redevelops legacy fields and positions itself as a regional gas hub, Nguema Envo's leadership and vision are key to unlocking investment and production growth,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. With 1.1 billion barrels of proven crude oil reserves and 1.7 trillion cubic feet of natural gas, Equatorial Guinea's energy potential remains significant. Nguema Envo's engagement at AEW: Invest in African Energies 2025 will provide a high-level view of GEPetrol's future-forward strategy, ongoing partnerships and the country's broader energy transformation. Distributed by APO Group on behalf of African Energy Chamber.
