Uruguay’s hydrocarbons refining company Ancap signed on Tuesday an agreement with US company Schuepbach Energy to begin exploration for oil and gas in the north and centre of the country.
Vodafone Group, the world's largest mobile operator by revenue, is considering a bid for Britain's Cable & Wireless Worldwide, whose fixed-line network could boost bandwidth for its Internet-hungry customers.
The Buenos Aires media revealed late Tuesday that Antonio Brufau, CEO from Repsol-YPF, which has a dominating position in the oil and gas market in Argentina met with top officials from the President Cristina Fernandez administration.
A consortium of companies appears to be spending a large day-rate on an Ocean Rig unit which has been fixed for a firm three years off Norway. The semi-submersible Leiv Eiriksson, currently operating in Falklands waters has been wrapped up for a 15-well program over a minimum of 1070 days on the Norwegian Continental Shelf, Greek rig owner Ocean Rig said on Monday.
Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.
An Argentine winery will be launching next April a line of Sauvignon and Chardonnay with the brand name “Leo” in honour of the brilliant player and striker of the world’s currently greatest team Barcelona, Leonel Messi.
Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.
Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.
Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.
A US federal judge has ruled against Odyssey Marine Exploration in its legal row with Spain over 17 tons of silver coins recovered from a sunken 19th century Spanish galleon.