Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.
Petrobras begins seismic surveying offshore Uruguay in early 2010 and will keep its level of investments in Argentina as part of the Latinamerica expansion policy of the Brazilian government managed oil and gas corporation.
Finaland’s Stora Enso, Europe’s largest paper and forest products’ company said Wednesday that the decision whether to construct a pulp mill in Uruguay could take “well over a year”.
Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.
Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.
Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.
Ecuador and China signed this week three cooperation agreements worth 442 million US dollars including a loan to buy four warplanes, announced the Ecuadorian government. The two countries are also planning joint operations in developing oil fields in the Amazon zone.
Volkswagen do Brasil said Thursday it will invest the equivalent of 3.5 billion US dollars in Brazil between 2010 and 2014 in an attempt to overtake Fiat as the country's number one car and truck retailer.
Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.
A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.