Friday, September 23rd 2011 - 07:57 UTC

Uruguay’s second oil licensing round triggers greater expressions of interest

Petrobras, YPF and GALP were involves in the first round of 2009

Uruguay's government oil corporation Ancap has received expressions of interest from at least 10 foreign companies for 15 offshore oil and gas exploration blocks it is offering in its second licensing round, a company official said in Geneva.

Thursday, September 22nd 2011 - 20:24 UTC

SABMiller takes over Australia’s leading brewer Foster’s Group fro 10.2bn

The group founded in South Africa in 1895 has operations in 75 countries

Australian beer giant Foster's has accepted an improved takeover worth 9.9 billion Aus dollars (10.2bn US dollars) from British-based brewer SABMiller, the pair announced on Wednesday.

Thursday, September 22nd 2011 - 08:27 UTC

Petrobras confirms ultra-deep water Sergipe-Alagoas oil and gas province

The Barra discovery is located in 2,313 meters of water and over 5.000 metres deep

Brazilian major oil corporation Petrobras has discovered oil and natural gas accumulations in the ultra-deepwater of the Sergipe-Alagoas Basin offshore northeast Brazil.

Wednesday, September 21st 2011 - 05:52 UTC

Spanish oil company takes the lead in super-fast analysis of seismic data

Repsol CEO Antonio Brufau and Scence Minister Cristina Garmendia

Spanish oil major Repsol-YPF and the Barcelona Supercomputing Centre launched this week their new joint research centre aimed at speeding the analysis of seismic data.

Monday, September 19th 2011 - 20:57 UTC

Another Falklands company ‘on schedule’ to drill for oil in the next six months

 Argos Resources CEO Ian Thomson, the best seismic data of the North Falkland basin to date

Falkland Islands exploration company Argos Resources released Monday morning interim results and CEO Ian Thomson told investors that the group is on schedule to be ‘drill ready’ in late 2011/early 2012 to begin off-shore exploration activities in the South Atlantic British Territory.

Monday, September 19th 2011 - 20:36 UTC

Foreign Office to meet Rockhopper investors over Falklands oil plans

Rockhopper Exploration has plans to invest 2 billion dollars in recent discoveries

Britain will meet shareholders from explorer Rockhopper to discuss the Falkland Islands and the location for the company's proposed 2 billion dollars oil project based on recent discovery estimates.

Monday, September 19th 2011 - 14:17 UTC

Brazil’s meatpacker Marfrig sells Keystone logistics arm for 400m dollars

Chief Executive Marcos Molina, “we received a very good offer; we want to focus on market”

After a string of takeovers in recent years, Brazilian meatpacker Marfrig Alimentos SA said on Sunday it reached a deal to sell the logistics arm acquired when it bought US distributor Keystone Foods.

Sunday, September 18th 2011 - 12:26 UTC

Falkland Islands: 2016 for oil says Rockhopper but Islanders cautious

Director of Mineral Resources Phyl Rendell

Rockhopper Exploration’s announcement this week that they expect to begin pumping oil in 2016, set the international media off on a further round of speculation about future wealth, but Falklands stakeholders and interested parties are taking a more cautious approach.

Thursday, September 15th 2011 - 21:28 UTC

Spanish corporations have 130 billion dollars invested in Latin America

Foreign Minister Trinidad Jimenez underlined the close links of Madrid with Latam

Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.

Wednesday, September 14th 2011 - 14:54 UTC

Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

The development of the oil industry will turn the Falklands into a new oil province

British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.


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