Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.
A report from the UN Food and Agriculture Organization, FAO, in seventeen Latinamerican and Caribbean countries discovered an intense concentration and foreign-held land process.
Cuba has authorised banks to loan money to small businesses, private farmers and people who want to repair or build homes - a revolutionary step for the island's government.
Global oilseed production is estimated at record 472 million tons in the 2011-12 marketing year starting October but the growth in output will be subdued, FAO said in a report. Similarly soy bean production is expected to fall to 260.7 million tons from 265.8 million in 2010/2011.
In a milestone speech on Tuesday anticipating the four years of her next mandate, Argentine President Cristina Fernandez disclosed she would continue with pro-growth policies but also added that a time of ‘fine tuning’ had arrived in which she was willing to address all issues including “investment and inflation” but not through the newspapers.
Argentine Industry Minister, Débora Giorgi, came on stage Tuesday at the Industrial Union’s annual conference to defend the “Kirchnerite economic model”, and warned that in order to keep an average growth of 7% as asked by businessmen, they would have to increase their annual investments to 30 billion dollars.
Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.
The new ferry that links extreme south ports of Chile was officially presented in Puerto Williams and is already fully operational ahead of the summer season.
The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.
British members of parliament visiting Falklands say UK will keep diplomatic channels with Argentine open, but will pursue other options for communications and trade