Investments

Investments
Monday, April 18th 2011 - 10:09 UTC

Mexican tycoon plans to invest 1.5 billion USD in Argentine telecommunications

Carlos Slim owns America Movil with 225 million wireless customers

Mexican telecom magnate Carlos Slim, ranked as the world's wealthiest man by Forbes magazine, plans to invest 1.5 billion US dollars over the next two years in Argentina's telecommunications sector, officials said.

Monday, April 18th 2011 - 10:03 UTC

Desire plugs Ninky well, plans to move to East Flank based on positive 3D

Stephen Phipps Desire chairman: time to review financial options

Falkland Islands Desire Petroleum reported Monday that it had completed the drilling of its Ninky prospect (2.620 metres) which showed the reservoir quality “is generally poor” and therefore the well will be plugged and abandoned, according to an official report released Monday.

Saturday, April 16th 2011 - 02:00 UTC

Canadian company will develop gold mine project in Argentine Patagonia

Planning Minister Julio De Vido made the announcement involving 850 million USD

Argentina's Planning Ministry said Thursday that Canadian mining company Goldcorp Inc. (GG) will invest 850 million US dollars to put into production its Cerro Negro gold project in Santa Cruz Province.

Saturday, April 16th 2011 - 01:53 UTC

Norway’s Statoil makes major oil discovery in the Brazilian Campos basin

Tim Dodson, executive vice president for Exploration in Statoil

Norway’s biggest oil and gas producer Statoil ASA, said the “significant” oil discovery made adjacent to the Peregrino field in the Campos basin off Brazil may warrant a separate installation to speed up development.

Monday, April 11th 2011 - 21:09 UTC

Brazil aware its relation with China raises the risk of “Dutch Disease”

President Rousseff arrived Monday in Beijing for a week long state visit

President Rousseff arrived in Beijing Monday to begin a state visit to China that will incorporate Thursday’s summit of BRIC leaders. However Ms Rousseff’s trip to China is symbolically important since it is her first overseas visit outside Latin America and underlines the growing importance of the Brazil/China relationship, points out Capital Economics.

Wednesday, April 6th 2011 - 01:10 UTC

Desire Petroleum confident of its Falklands’ portfolio prospects potential

“Polarcus Nadia” is doing 3D seismic surveying over uncovered acreage

Falklands Desire Petroleum has said the past 12 months had proved an “energetic” period for the company with the information gathered leading to believe that the East Flank Play Fairway has a great deal of potential.

Tuesday, April 5th 2011 - 09:13 UTC

Falklands’ Sea Lion well latest oil appraisal sends Rockhopper shares soaring

Sea Lion has a minimum potential flow of 2.700 barrels of oil per day

Shares in Falkland Islands Rockhopper Exploration soared 16% on Monday, after it raised its lowest case estimate of crude reserves at its Sea Lion well.

Monday, April 4th 2011 - 07:08 UTC

Source rock and possible shale oil discovered in the centre of Uruguay

Raul Sendic, president of ANCAP, “it could be nothing or the tip of the iceberg”

Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.

Monday, April 4th 2011 - 07:02 UTC

Paraguay after partners to explore for oil in the vast Chaco region

Gonzalez Meyer, head of Paraguay’s government oil company

Paraguay’s government oil company Petropar is trying to find a foreign associate for oil exploration in the country’s vast Chaco region. Apparently companies from Russia and Bahrain have shown certain interest but Paraguayans admit the difficulties.

Thursday, March 31st 2011 - 08:02 UTC

Falkland Oil and Gas Limited Press Release

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements.

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