Thursday, February 24th 2011 - 07:03 UTC

BHP Billiton expands shale gas business and buys fields in Arkansas

BHP Billiton chief executive J. Michael Yeager: entry into the US market

Giant Anglo-Australian miner BHP Billiton has agreed to buy shale gas assets from US firm Chesapeake Energy for 4.75 billion US dollars. The purchase of Chesapeake's stake in a field in Fayetteville, Arkansas represents a move into the rapidly expanding shale gas business for BHP.

Wednesday, February 23rd 2011 - 07:25 UTC

Brazil’s Bovespa and Shanghai Stock Exchange sign link agreement

BM&FBovespa Chief Executive Officer Edemir Pinto

The Shanghai Stock Exchange and Brazil's BM&F Bovespa signed this week an agreement that could lead to closer ties between the two. Bovespa said it was looking for cross-listing across both exchanges, although this would not happen immediately.

Wednesday, February 23rd 2011 - 07:13 UTC

Indian tractor manufacturer plans to mount assembly plant in Argentina

India’s manufacturer of International Tractors (Sonalika brand) is in advanced negotiations with Argentina-based company Apache for the establishment of a 25 million US dollars assembly plant in the South American country as part of a regional campaign.

Wednesday, February 23rd 2011 - 07:09 UTC

Santander selling insurance business in Latam to Swiss company

The Spanish bank has 5.600 branches and 36 million customers in Latam

Switzerland’s largest insurer, Zurich Financial Services, has agreed to pay as much as 2.1 billion US dollars for 51% of Banco Santander’s insurance business in Brazil, Mexico, Chile, Argentina and Uruguay.

Tuesday, February 22nd 2011 - 07:00 UTC

Malvinas basin oil exploration scheduled to begin first half of 2011

The Tierra del Fuego offshore project includes Petrobras and Pan American Energy

Repsol-YPF plans to start deepwater exploration off the coast of Tierra del Fuego in the Malvinas basin are expected to begin before the end of the first half of 2011, according to company’s sources.

Tuesday, February 22nd 2011 - 06:58 UTC

Pan American Energy, --partly Chinese owned--, keeps expanding in Argentina

By acquiring Esso gasoline stations Pan American Energy becomes a fully integrated oil and gas producer.

Argentina's Pan American Energy will sign a deal later this month to buy Exxon Mobil local downstream unit Esso, turning the company into a fully integrated oil and gas producer. Pan American Energy is a unit of Bridas Corp., which is jointly owned by Argentina's Bulgheroni family through Bridas Energy Holdings and China's Cnooc Ltd.

Tuesday, February 22nd 2011 - 00:10 UTC

US offering Brazil “significant technology transfer” in jet fighters operation

President Rousseff must decide on one of the three: Boeing's F-18 Super Hornet, Rafale by France's Dassault, and Sweden’s Gripen

Brazil would receive a “significant technology transfer” if it buys US-made fighter jets, a US Defence Department official said, seeking to ease concerns before Brazil selects a winning bidder.

Monday, February 21st 2011 - 17:25 UTC

Gold above 1.400 USD and silver at 30 year record as investors take refuge

A perfect mix for precious metals: Middle East jitters and inflation

Gold climbed above 1,400 US dollars an ounce to the highest price in almost seven weeks in London as unrest in the Middle East and North Africa spreads. Silver reached a 30-year high and palladium advanced.

Monday, February 21st 2011 - 10:07 UTC

Falkland Islands: Rockhopper Exploration plc 14/10-4 Appraisal Well Spud

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-4 appraisal well was spudded at 0040hrs GMT on 19 February 2011.

Monday, February 21st 2011 - 07:16 UTC

Repsol-YPF contract UK flagged vessels for Malvinas basin exploration

The 228 metres long Stena DrillMax, with its helicopter pad

Repsol-YPF planned exploration for hydrocarbons in the Malvinas basin, off Tierra del Fuego has suffered a major public relations setback following on the Buenos Aires press revelation that the two vessels contracted for the job not only are UK flagged but also have links with the current oil exploration round in Falkland Islands’ waters.


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