Investments
InvestmentsFalkland Islands Holdings nets £ 3.1 million with FOGL shares sale
Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.
Falklands’ exploratory oil drilling season takes off
Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.
Ecuadorean oil in exchange for Chinese credits, cooperation and war planes
Ecuador and China signed this week three cooperation agreements worth 442 million US dollars including a loan to buy four warplanes, announced the Ecuadorian government. The two countries are also planning joint operations in developing oil fields in the Amazon zone.
Volkswagen plans to invest 3.5 billion USD in next five years
Volkswagen do Brasil said Thursday it will invest the equivalent of 3.5 billion US dollars in Brazil between 2010 and 2014 in an attempt to overtake Fiat as the country's number one car and truck retailer.
Spain’s Repsol only interested in selling minority stake in YPF
Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.
Oil rig “Ocean Guardian” leaves on 62-day journey to the Falklands
A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.
Ford plans its largest ever investment in Brazil: 2.3 billion USD
Ford Motor Co. announced it will spend 4 billion Reis (2.3 billion US dollars) to expand in the growing Brazilian market, the largest investment it has made in the country.
World largest solar powered trimaran prepares to circumnavigate the world
The world's largest solar-powered trimaran, PlanetSolar, will not have sails. Instead of wind it will rely on the power of the sun to circumnavigate the world in 140 days. That's according to plans sketched out by the financial backers and designers of the triple-hull, 30-metre-long, 15-metre-wide boat under construction at Knierim shipyard in Kiel, Germany.
Santiago airport expansion and fast train plans unveiled by Chile
The Chilean government this week unveiled two major public transport initiatives aimed upgrading the nation’s transport infrastructure: a third runway and expanded terminal at the Arturo Merino Benitez International Airport (AMB) and a fast train service connecting the airport to the port city of Valparaiso in 2010.
BG Group plans to invest 20 billion USD to develop oil and gas in Brazil
The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.
