Investments

Investments
Monday, September 19th 2011 - 20:36 UTC

Foreign Office to meet Rockhopper investors over Falklands oil plans

Rockhopper Exploration has plans to invest 2 billion dollars in recent discoveries

Britain will meet shareholders from explorer Rockhopper to discuss the Falkland Islands and the location for the company's proposed 2 billion dollars oil project based on recent discovery estimates.

Monday, September 19th 2011 - 14:17 UTC

Brazil’s meatpacker Marfrig sells Keystone logistics arm for 400m dollars

Chief Executive Marcos Molina, “we received a very good offer; we want to focus on market”

After a string of takeovers in recent years, Brazilian meatpacker Marfrig Alimentos SA said on Sunday it reached a deal to sell the logistics arm acquired when it bought US distributor Keystone Foods.

Sunday, September 18th 2011 - 12:26 UTC

Falkland Islands: 2016 for oil says Rockhopper but Islanders cautious

Director of Mineral Resources Phyl Rendell

Rockhopper Exploration’s announcement this week that they expect to begin pumping oil in 2016, set the international media off on a further round of speculation about future wealth, but Falklands stakeholders and interested parties are taking a more cautious approach.

Thursday, September 15th 2011 - 21:28 UTC

Spanish corporations have 130 billion dollars invested in Latin America

Foreign Minister Trinidad Jimenez underlined the close links of Madrid with Latam

Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.

Wednesday, September 14th 2011 - 14:54 UTC

Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

The development of the oil industry will turn the Falklands into a new oil province

British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.

Saturday, September 10th 2011 - 00:42 UTC

China and Argentina reaffirm strategic partnership; prepare for 2012 celebration

Chinese Vice-President Xi Jinping meets Argentine minister Timerman (L) in Beijing

China and Argentina have agreed to further enhance mutual trust and their strategic partnership as the two emerging economies are playing an increasingly important role in the world arena.

Friday, September 9th 2011 - 22:05 UTC

Mercosur and Mexico auto industry agree to jointly compete with Asia

Mexican ambassador in Uruguay Cassio Luiselli Fernandez: “we have become premium league players”

Mercosur and Mexico signed an agreement which virtually liberates all bilateral auto industry trade and opens prospects for joint undertakings world wide. The event took place in Montevideo, administrative capital of Mercosur.

Friday, September 9th 2011 - 15:44 UTC

Small shareholders question Pemex stake doubling in Repsol-YPF

Pemex said it would like to separate Antonio Brufau’s positions of Repsol chairman of the board and CEO

A group representing minority shareholders asked Spain’s CNMV stock market regulator to investigate the recent move by Mexican state oil company Pemex to double its stake in Spanish energy giant Repsol-YPF.

Friday, September 9th 2011 - 15:00 UTC

Oil discovery off French Guiana, “mirror” of Jubilee field off Ghana, says Tullow

Angus McCoss: “The discovery at Zaedyus has proved the extension of the Jubilee-play across the Atlantic”

Tullow Oil has announced an oil discovery from an exploration well off the coast of French Guiana. The drilling encountered 72 metres of net oil pay in two turbidite fans.

Friday, September 9th 2011 - 09:23 UTC

Uruguay launches second round of hydrocarbons offshore exploration

Raul Sendic, head of state energy company Ancap said that there is a 70% chance of finding oil and gas

Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.

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