Thursday, December 2nd 2010 - 04:19 UTC

WTO warns rich countries stimulus can jeopardize trade and investments

Director-General Pascal Lamy

Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed carefully, according to the head of the World Trade Organization.

Monday, November 29th 2010 - 22:25 UTC

BP sells Argentina’s Bridas to Bulgheroni family and Chinese corporation

Carlos Bulgheroni, CEO of the successful Argentine family oil corporation

British Petroleum reached an agreement to sell its 60% stake in an Argentine oil and gas company to its joint-venture partner Bridas, which is owned in equal parts by China's CNOOC, China’s Natioonal Offshore Oil Company and the prominent Bulgheroni family of Argentina.

Friday, November 26th 2010 - 17:25 UTC

Repsol-YPF ready to sell another 15% of its Argentine branch

Argentine investor Sebastian Eskenazi would like to boost the family’s stake in YPF to 25%

Repsol YPF SA, Spain’s biggest oil company announced it filed a request with the U.S. Securities and Exchange Commission to be able to sell shares representing as much as 15% of its Argentine unit YPF SA.

Wednesday, November 24th 2010 - 20:50 UTC

Colombian oil industry booming; Ecopetrol plans 8.5 billion investments

Ecopetrol CEO Javier Gutierrez

Colombian state oil company Ecopetrol announced investments of roughly 8.5 billion US dollars in 2011, with 5% of that total to be allocated for projects in the United States, Brazil and Peru.

Tuesday, November 23rd 2010 - 03:10 UTC

Falklands’ oil company contracts exploration rig to operate end of 2011

Eirik Raude will drill for two wells and a further optional three

DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.

Monday, November 22nd 2010 - 20:54 UTC

Italy’s Eni to invest 7 billion USD in developing Venezuela’s oil and gas reserves

Paolo Scaroni, Eni CEO making the announcements in Caracas

Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.

Friday, November 19th 2010 - 01:54 UTC

Goldman Sachs makes a positive near term appraisal of Falklands’ oil industry

Ocean Guardian is currently drilling exploratory wells

The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.

Thursday, November 18th 2010 - 19:53 UTC

Latinamerica “business climate” steady and in “cautious boom” phase

FGV is one of Latam’s leading think tank and research centres

Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.

Thursday, November 18th 2010 - 16:38 UTC

Latin America Real Estate Investment 2010 by Alternative Latin Investor

Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.

Tuesday, November 16th 2010 - 12:07 UTC

“If the Euro fails, Europe fails”, warns Germany’s Merkel

German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.


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