Friday, July 9th 2010 - 03:57 UTC

Fifth company, Argos plans to drill for oil off the Falkland Islands says FT

Dr John Hogan, Chief Executive Argos Resources

A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.

Saturday, July 3rd 2010 - 22:43 UTC

Rockhopper confirms medium grade crude in North Falklands; FOGL to announce South Falklands results

Rockhopper Managing Director Sam Moody

Rockhopper Exploration one of the four companies operating with Falkland Islands government licences reported last Friday that samples from its recent discovery on the Sea Lion prospect in the North Falkland basin have been confirmed as medium grade crude.

Friday, July 2nd 2010 - 03:32 UTC

BP Argentine assets on sale to pay for Gulf of Mexico spill; China interested

BP has a majority stake in Pan American Energy

China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.

Thursday, July 1st 2010 - 07:26 UTC

Lula da Silva signs bill for the capitalization of Petrobras

The funds are for the exploitation of pre-salt crude

The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.

Thursday, July 1st 2010 - 07:08 UTC

Argentina prepares to begin drilling in Malvinas basin in second half of 2010

Former Argentine president Carlos Menem

Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.

Thursday, July 1st 2010 - 07:03 UTC

Japanese group secures iron-ore supply with stake in Brazilian steel foundry

Brazil and Australia are the world’s leading exporters of iron ore

Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.

Monday, June 28th 2010 - 05:35 UTC

NZ Farming needs 60 million USD to complete dairy investment in Uruguay

The NZ company recently sold one of its assets in Uruguay

New Zealand Farming Systems Uruguay needs to raise about 60 million US dollars to complete the development of the company, says Chairman John Parker. The company was set up to develop dairy-farm operations in Uruguay and floated on the NZX in 2007.

Saturday, June 26th 2010 - 07:41 UTC

Investing in Panama: An exclusive Report from Alternative Latin Investor

Alternative Latin Investor (ALI), the first and only online news source to provide information on alternative investments in Latin America, has just released an in-depth report on the Panamanian investment environment.

Saturday, June 19th 2010 - 02:46 UTC

Brazil opens steel mill, largest private sector investment in 15 years

Full production capacity is expected to reach 5 million metric tons of slabs

Brazilian President Lula da Silva, mining giant Vale Doce CEO Roger Agnelli and ThyssenKrupp CEO Ekkehard Schulz inaugurated on Friday Brazil's newest steel mill, Cia Siderurgica do Atlantico (CSA).

Monday, June 14th 2010 - 04:21 UTC

India’s giant iron ore project in Bolivia stalled; China also interested

Bolivian Mines minister Jose Pimentel

Bolivia and India’s Jindal Steel & Power one of the world’s leading steel manufacturers are scheduled to sign an addendum to the contract for the exploitation of the Mutún iron ore reserves with the purpose of unlocking the “lack of investments” according to Mines minister Jose Pimentel.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!