Investments

Investments
Sunday, March 20th 2011 - 07:43 UTC

Uruguay contracts 2D seismic survey in anticipation of second oil licensing round

The 2.400 tons R/V Reflect Aries seismic survey vessel

Singapore based Reflect Geophysical has been selected by Uruguay’s state oil company Ancap to carry out a 2D seismic survey in the country’s Punta del Este and Pelotas offshore basins.

Thursday, March 17th 2011 - 18:04 UTC

China will finance and build 20.000 housing units in Venezuela

President Chavez with the Chinese delegation

Venezuela signed an agreement with Chinese companies Citic Group and Industrial & Commercial Bank of China Ltd. to negotiate a 4 billion US dollars loan to finance oil and construction projects, President Hugo Chavez said in Caracas.

Thursday, March 17th 2011 - 05:30 UTC

FOGL has identified large prospects for exploration in the South Falkland Basin

CEO Richard Liddell said 2010 was a “landmark year” for the company

London listed Falkland Oil and Gas says that its negotiations to secure a deep water rig are at an advanced stage as it seeks to drill the large prospects it has identified across the South Falkland Basin.

Tuesday, March 15th 2011 - 10:54 UTC

CFK announces Arabs will enlarge the port of Buenos Aires

Argentine president inaugurates new cruise ship terminal

Argentine President Cristina Fernández de Kirchner spoke at the official ceremony for the opening of the the new cruise ship terminal of the Buenos Aires City port and highlighted “the importance of boosting tourism, which contributes to Argentina's growth and creates jobs.”

Tuesday, March 15th 2011 - 10:26 UTC

China’s largest agro enterprise plans to buy or lease 200.000 hectares world wide

Among the countries included by Sui Fengfu (second from right) are Argentina, Brazil and Venezuela

China’s largest agricultural enterprise, Heilongjiang Beidahuang Nongken Group, will acquire or lease 200,000 hectares of cropland in countries including Brazil, Argentina, Venezuela, Russia, The Philippines, Australia and Zimbabwe, the official People’s Daily newspaper said.

Tuesday, March 15th 2011 - 09:55 UTC

Repsol continues to cut its holdings in Argentina’s YPF

Nevertheless CEO Antonio Brufau said that Repsol aims to keep at least 51% of YPF

Repsol YPF, (REP) Spain’s biggest oil company, agreed to sell 3.83% in YPF for 639 million US dollars, cutting its holding in the Argentine unit to 76%, and said it plans to sell more shares through a public offering.

Monday, March 14th 2011 - 18:01 UTC

Falklands’ oil company announces further drilling and seismic surveying

Rockhopper secures three additional well slots with the ‘Ocean Guardian’ drilling rig

One of the Falkland Islands oil and gas exploration companies currently involved in the oil exploration round with licences granted by the Falklands’ government announced it plans further drilling and has acquired new 3D seismic data while it continues with the wider seismic program.

Thursday, March 10th 2011 - 06:40 UTC

Shanghai Disneyland set to open in 2015 at a cost of 3.7 billion USD

The three theme parks of the project: “Magic Kingdom”, “Epcot” and “Animal Kingdom”

Walt Disney’s theme park in Shanghai will be built in a 7 square-kilometre area that the city has designated as a tourist destination, according to a draft blueprint of the project.

Tuesday, March 8th 2011 - 23:29 UTC

Monte Grande dam project in the Amazon steams full ahead

In spite of Carnival, heavy equipment has begun to level ground next to the Xingú River

Work on the Belo Monte giant hydroelectric dam complex in the Amazon, which has generated much controversy in Brazil because of its environmental impacts, officially began Monday, (in spite of Carnival celebrations) according to the Norte Energia consortium.

Tuesday, March 8th 2011 - 04:52 UTC

Chile’s Concha y Toro acquires California’s Fetzer Vineyard

Vineyards and the main bottling plant of Concha y Toro

Chile’s Concha y Toro, Latin America’s largest wine producer, sealed a deal this week with Brown-Forman’s Fetzer Vineyards in a transaction worth 238 million US dollars to purchase its portfolio of American wine brands. The sale is expected to close in April 2011.

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