A good one and a bad one for Brazil: The New York Times announced on Sunday that it will launch an online edition Portuguese language edition in 2013 given the country’s growing global clout, but on the other hand Brazil’s nine nation constituency at the IMF will lose a member, Colombia that will join Mexico.
The Argentine foreign exchange clamp has reached the outgoing tourism industry which to have access to Central bank US dollars for the trip, must now report each ticket or package sale plus the overseas services contracted according to the latest resolution.
Official inflation in Argentina reached 0.9% in September against August, accumulating 7.8% in the first nine months of this year and 10% in the year, according to the Indec national statistics bureau.
Rockhopper Exploration which struck oil at its North Falkland basin Sea Lion exploratory well in May 2010 has received formal agreement from the Falkland Islands Government to the farm-out agreement reached with Premier Oil.
As the final drill in the Falkland Islands oil exploration round nears completion Director of Mineral Resources Stephen Luxton said it was a safe assumption to plan for three rigs rather than two in the next two to three years when extraction would get underway.
Noble Energy Inc. (NBL) executives said on Thursday that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.
A socio-economic impact study on the effects of an oil development project on the Falkland Islands did not reveal any, “major new concerns which had previously escaped attention Director of Mineral Resources Stephen Luxton told Penguin News this week.
In a well illustrated piece the Daily Mail writes about the Falklands’ tourism industry and future prospects, including air links to the South Atlantic Islands, over which Argentina claims sovereignty.
The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.
Argentine opposition lawmakers presented on Thursday September’s ‘Congress inflation index’ based in the analysis of nine private agencies, which showed a 1.93% increase against the previous month and 18% in the first nine months of 2012.