Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.
Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.
A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.
The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.
A top investment advisor has described Britain's economy as a 'must to avoid' and says 'gilts are resting on a bed of nitro-glycerine'. Bill Gross, manager of the world's biggest bond fund Pacific Investment Management Co made the comments as he warned investors to shy away from government debt, especially in the G7 industrialised nations.
BHP Billiton Ltd., Australia’s biggest oil and gas producer, boosted its forecast for petroleum exploration spending by 33% because of an increase in drilling in the US Gulf of Mexico and offshore Australia.
DRILLING chemicals, pipe casing and logging equipment are just part of the mass of physical supplies being offloaded in Stanley in preparation for the arrival of the oil rig in Falkland Islands waters next month.
Job losses are “an inevitability” at Cadbury after its takeover by US giant Kraft Foods, the UK firm's chairman has confirmed to the BBC. Without estimating how many positions would be affected, Roger Carr said jobs would go at Cadbury's head office in Uxbridge, London.
Chile’s state-owned mining company, Codelco, last week announced a 1.9 billion US dollars project to develop a subterranean mine at its Chuquicamata opencast mine facility in Chile’s northern Atacama region (region III).
Brazil’s government managed oil giant Petrobras is in talks to buy a stake in Portugal’s Galp Energia, Brazil’s Mines and Energy Minister Edison Lobao told reporters Wednesday in Brasilia.