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