Thursday, January 14th 2016 - 05:48 UTC

Rio mayor confident the city has the funds to host the 2016 Olympic Games

“We have enough money to make sure everything is presented as it is supposed to be, as you can see here,” Mayor Eduardo Paes told reporters

The mayor of 2016 Olympic host city Rio de Janeiro insisted authorities had the finances to avoid disruption to the summer Games despite Brazil’s recession. Latin America's largest economy is suffering from a deep recession and soaring inflation -- a contrast to the boom times of 2009, when Rio won the right to host the Olympics.

Monday, January 11th 2016 - 13:50 UTC

Argentina and Uruguay praise new spirit in relations and “return to normality”.

“It was a very cordial meeting that had concrete results,” Malcorra said in an interview with Mitre radio station.

Foreign Minister Susana Malcorra said that the meeting between President Mauricio Macri and his Uruguayan counterpart Tabare Vazquez last Thursday symbolized a “return to normality” for bilateral relations between the two neighbours.

Monday, January 11th 2016 - 11:14 UTC

Falklands' reveals oil at the Isobel/Elaine project and several adjoining fans

The new well has confirmed Isobel Deep as a discovery and it also hit additional oil bearing fans within the Isobel/Elaine complex

Rockhopper Exploration and Falkland Oil and Gas Ltd have confirmed a significant oil discovery at the Isobel/Elaine project to the north of the Falkland Islands. According to a release from the companies the new 14/20-2 well was a ‘re-drill’ of the prior Isobel Deep well which had to be abandoned prematurely due to operational issues despite encountering oil.

Friday, January 8th 2016 - 18:15 UTC

Petrobras plans further 2016/20 investments cuts, says Sao Paulo media

The revised investment plans will focus on deep-water production, with less dedicated to exploration

Brazil state-run hydrocarbons giant Petrobras will reportedly present a five-year investment plan next month with a target lower than the US$19 billion plan announced last year. Despite two budget cuts last year, Petrobras' plans for the 2016 to 2020 period will include a further drop, with the cuts expected to come from onshore and shallow-water areas, according to a report in the Brazilian daily Estado de S Paulo.

Wednesday, January 6th 2016 - 12:02 UTC

Falkland Oil & Gas closer to completing merger with Rockhopper Exploration

The deal will comprise 0.2993 Rockhopper shares for every one FOGL share, which at the time valued FOGL at around GBP57.1 million.

Falkland Oil and Gas PLC late Tuesday took a step closer to completing the proposed all-share merger with fellow AIM-listed Rockhopper Exploration PLC after its shareholders voted in favour of the deal.

Wednesday, January 6th 2016 - 11:57 UTC

Spanish company plans to buy four new shrimp vessels to operate in Argentina

“We have an investment planned for 2016; we'll buy four new shrimp vessels in Argentina,” Iberconsa CEO Alberto Freire said.

Spanish vertically integrated seafood company Iberica de Congelados (Iberconsa) will invest up to €27 million in its Argentine and Namibian operations, the company's CEO announced. Following its private equity Portobello Capital majority stake acquisition in Iberconsa, the seafood company will carry out a “strong investment plan” to boost Argentina shrimp output and to enhance Namibia's plant capabilities in value-added production.

Wednesday, January 6th 2016 - 11:49 UTC

Emotional Obama calls on citizens to support gun control and defeat the rifle lobby: Republicans furious

”It will be hard, and it won’t happen overnight. It won’t happen during this Congress. It won’t happen during my presidency,” Mr. Obama admitted

An emotional President Barack Obama – at times teary, at others impassioned and angry – urged ordinary Americans on Tuesday to rise up and defeat the well-organized gun lobby in a struggle to cut the carnage of 30,000 killed by gunfire annually in the United States. He accused the gun lobby of holding Congress hostage but called for voters to fight back to so “they cannot hold America hostage.”

Monday, January 4th 2016 - 11:16 UTC

Agreement on contract for seafloor sulfide mining project off Papua New Guinea

Nautilus Minerals is the first company to commercially explore the seafloor for massive sulfide systems, potential source of high grade copper, gold, zinc and silver.

The world's first seafloor massive sulfide mining project contract has been signed between Nautilus Minerals Inc, a mining company with headquarters in Canada and Tongling Nonferrous metals group, a state owned Chinese company.

Thursday, December 31st 2015 - 08:09 UTC

Chile's ENAP moves into power generation in association with Japan's Mitsui

“We have selected as ENAP partner a company with vast experience and financial strength, as new player in the electricity sector”, said ENAP CEO Marcelo Tokman

Chilean state oil company ENAP announced the signing of an agreement with Japan's Mitsui & Co. for the development of two power generation projects with combined installed capacity of nearly 1,300 MW.

Wednesday, December 30th 2015 - 03:22 UTC

Major Spanish company in frozen fish industry, Iberconsa, sold to Portobello Capital

Iberconsa is based in Vigo and 45% of its sales are exports. It is present in all channels, mostly retail and its products include, besides hake, squid and prawn.

The Spanish manager of equity Portobello Capital has bought a majority stake in Iberconsa (Iberica de Congelados), the third company in the sector in Spain and the first one to capture and produce frozen hake on board.


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