Rockhopper Exploration has spudded the next appraisal well on the Sea Lion oil discovery in the Falkland Islands’ waters. Drilling began on the 14/10-5 appraisal well on May first 2011.
Argos Resources is a step closer to starting a drill campaign in Falkland Islands waters, where it is targeting a high priority area adjacent to Rockhopper’s Sea Lion discovery.
Portugal’s caretaker Prime Minister Jose Socrates announced Tuesday that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a good agreement that defends Portugal.
The French aviation safety agency BEA announced on Tuesday the discovery and recovery of Air France Flight 447′s cockpit voice recorder from the bottom of the Atlantic Ocean, nearly two years after the Airbus A330-200 disappeared.
India emphasized the need to deepen trade and investment engagements with Latin America by expanding the existing PTA with Mercosur, during a business seminar in Montevideo, Uruguay. But he added that double tax and investment protections agreements are critical to expansion.
Brazil’s billionaire Eike Batista said that he expects to become the world's richest person, speaking in an interview at the Milken Institute's annual global conference in California.
Boeing forecasts that air carriers in Latin America will require 2,180 new airplanes worth approximately 210 billion US dollars over the next 20 years as air travel in the region out paces the world average.
Testifying before Congress Brazilian Finance Minister Guido Mantega said that international commodity prices are behind much of the country’s rising inflation, but insisted the government will take action to keep prices in check and prevent the currency from strengthening too far too fast.
Petrobras announced the increased investment plans for the emerging Santos basin pre-salt assets, earmarking 73 billion US dollars for the 2011-2015 period. The vast sum is a 63% increase compared with the company’s 2010-2014 plan said a company statement.
Brazil’s industrial output increased a seasonally adjusted 0.5% from February although it fell 2.1% compared with March 2010, the Brazilian Census Bureau, or IBGE, said Tuesday.