Thursday, May 12th 2011 - 06:32 UTC

BP ups its stake in Brazil’s oil industry and will participate in September’s round

Guillermo Quintero, president of BP's Brazil division

British Petroleum is negotiating opportunities to buy stakes in oil fields in Brazil to accelerate production increases, the head of the company's Brazil division said on Wednesday.

Thursday, May 12th 2011 - 00:58 UTC

China tourist group buys 20% stake in Spain’s NH Hotels chain

Mariano Perez Claver, president of NH Hotels praised the agreement.

China's fourth-biggest airline group, HNA Group, has bought a 20% stake in leading Spanish hotel chain NH Hoteles for 431.6 million Euros, NH Hoteles said on Tuesday.

Wednesday, May 11th 2011 - 13:42 UTC

Interest in Falklands oil exploration “on the increase” at AAPG

Phyll Rendell, Rockhopper put the Falklands on the world oil map

INTEREST in the Falkland Islands, “is on the increase,” said Director of Mineral Resources Phyllis Rendell who recently attended the American Association of Petroleum Geologists (AAPG) in Houston.

Wednesday, May 11th 2011 - 07:39 UTC

Apple the most valuable brand in the world ends Google’s four year reign

Registering a staggering 84% increase in value over the past year, Apple has emerged as the most valuable brand in the world, ending the four-year reign of Google at the top of the table in the sixth annual BrandZ Top 100 Most Valuable Global Brands study.

Wednesday, May 11th 2011 - 01:34 UTC

Fearing US reaction, Cuba makes public full-scale offshore oil exploration plans

The BP oil disaster in the Gulf of Mexico is very much present

Cuba hopes to counter US worries over its plans to start its first full-scale offshore oil exploration in a rare presentation this week to an energy audience outside the island.

Tuesday, May 10th 2011 - 22:38 UTC

YPF makes large shale oil discovery, equivalent to 6% of Argentina’s reserves

President Cristina Fernandez

Argentine President Cristina Fernández de Kirchner announced on Tuesday that YPF energy company had made a large shale oil discovery in Neuquén province, a find that she considered to be of extreme importance, since “it will allow for us to maintain and further promote development” throughout the country.

Tuesday, May 10th 2011 - 21:11 UTC

Microsoft buys Skype for 8.5bn USD; targets Google leading position in advertising

Microsoft Chief Executive Officer Steve Ballmer

Microsoft Corporation agreed to buy Skype Technologies SA for 8.5 billion US dollars in cash to gain the world’s most popular Internet calling service and its 663 million customers.

Tuesday, May 10th 2011 - 09:55 UTC

Brazil considering leasing farm land to foreigners to circumvent sales restrictions

Agriculture minister Wagner Rossi, Brazil needs foreign investment and technology in agriculture

Brazil may start leasing farm land to foreigners to find a way around new legal restrictions on land sales and attract more foreign investment, the agriculture minister said.

Monday, May 9th 2011 - 18:59 UTC

Brazil’s Vale invests 2 billion USD to develop Mozambique vast coal reserves

Mozambican President Armando Guebuza at the opening of Moatize mine complex

The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.

Monday, May 9th 2011 - 18:48 UTC

Repsol plans to sell an additional 3% of YPF in the Argentine market

Repsol CEO Antonio Brufau gradually divesting from YPF

Spain’s oil company Repsol plans to sell up to 3% of YPF on the Argentine market as part of a gradual divestment of its stake in that unit, according to company sources.


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