Investments

Investments
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.

Friday, February 18th 2011 - 14:42 UTC

Expanded access facilities planned for Santiago’s international airport

The terminal receives 50.000 daily visitors and 20.000 cars

Chile’s Public Works Ministry (MOP) will invest 9.1 million US dollars to remodel infrastructure surrounding Santiago’s Arturo Merino Benitez International Airport in order to reduce traffic and improve experiences for air travellers.

Thursday, February 17th 2011 - 22:54 UTC

Gold, silver, platinum soar on fears of growing inflation

Silver reached a 30 year record this week

Gold rose Thursday to a one-month high as rising consumer prices in United States and the UK boosted investor demand for an inflation hedge. Silver touched a 30-year high.

Wednesday, February 16th 2011 - 14:17 UTC

Leading oil companies turn up at Uruguay Round II pre-bidding process

The oil exploration offshore blocks to be tendered next September

Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.

Monday, February 14th 2011 - 21:10 UTC

Indian company to begin Bolivian iron-ore exports; a million tons the first year

Jindal’s managing director, Naveen Jindal

India’s Jindal Steel & Power plans this year to export 1 million tons of iron ore concentrate from Bolivia’s El Mutun mine, the firm said. Following on some problems that have been overcome, exports will begin in March reported Jindal Bolivia’s communications manager, Eduardo Prudencio.

Monday, February 14th 2011 - 14:48 UTC

Rail alternative to the Panama Canal proposed by China to Colombia

President Santos: “it makes a lot of sense and the numbers work out”

A rail alternative to the Panama Canal built by China is being considered by Colombia in a move that would boost trade between Asia and South America. The 220 kilometers 'dry canal' would link Colombia’s Atlantic and Pacific coasts by rail, according to Juan Manuel Santos, the president of Colombia.

Saturday, February 12th 2011 - 05:17 UTC

Brazilian shipyard wins Petrobras 4.6 billion contract for seven ultra-deep rigs

The first rig is scheduled to enter operations in 2015

Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.

Friday, February 11th 2011 - 20:06 UTC

Falklands’ Rockhopper latest well strikes quality reservoir and samples of live oil

The company now plans an appraisal drill 2,3 km NW of the Sea Lion oil discovery well

A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.

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