Stories for May 6th 2010
New Natural Gas Discoveries in the Extreme South of Chile
Argentine based GeoPark Holdings (LON:GPK) has reported the successful testing of two new wells on the Fell Block in southern Chile.
Colombian Candidate Warns: No Peace Talks Unless Constitution is Respected
Colombia’s leading presidential candidate Antanas Mockus promised that if elected president he will continue the military fight against the FARC rebels, unless the group abandons violence and kidnapping and accepts constitutional rule.
Foreign Direct Investment in Latam Expected to Soar 40/50% in 2010
Foreign direct investment (FDI) flows to Latin America and the Caribbean will rebound in 2010, rising 40% to 50%, after dropping in 2009 as a result of the global crisis, according to ECLAC's (United Nations Economic Commission for Latin America and the Caribbean) annual report released Wednesday.
Gay Marriage Bill: Argentine Church to Lobby More “Conservative” Senate
The Argentine Catholic Church said that the Lower House ruling that approved the bill to legalize same-sex marriage is “very serious”. The Church, through its spokespersons, said that the bill “does not constitute any kind of progress” and that “it could revolutionize the concept of society and of family.”
France Warns EC on Possible Resumption of Negotiations with Mercosur
After the European Commission proposed the resumption of negotiations with Mercosur, France released a warning message to the European Commission and assured that—if the talks are reactivated—both French and European agriculture would be in danger of a potential damage.
Spain Excludes Honduran President from Summit on Pressure from UNASUR
Only days after several UNASUR (Union of South American Nations) representatives said they would not attend the Sixth Latin America, the Caribbean and the European Union Summit if Honduran President Porfirio Lobo was invited, the Spanish Government has decided to exclude him from the meeting, according to sources in the Brazilian Government.
Strong Argentine Reaction to Falklands’ Rockhopper Oil Discovery Announcement
The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.”
Oil Exploration Data Indicates the First Oil Discovery in the North Falklands Basin.
In a press release from Rockhopper Exploration (LON:RKH), the company says “the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres.”
Falklands: Sea Lion Exploration Well - 14/10-2 Oil Dicovery
Rockhopper Exploration (LON:RKH), the North Falkland Islands Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin.
Brazil Announces Financial Institution to Promote and Finance Exports
Brazil on Wednesday announced long-awaited measures to boost exports at a time when the trade surplus in Latin America's largest economy is shrinking rapidly on a yearly basis. The government will create a lender, named EXIM Brasil, to help finance exports.
