The European Parliament regretted that negotiations for an association agreement between the European Union and Mercosur remain stalled or have hardly advanced since they officially resumed two years ago.
Ministers from Argentina and the United Arab Emirates (UAE) have signed a memorandum of understanding on peaceful uses of nuclear energy during the official visit to Abu Dhabi of Argentine president Cristina Fernandez.
British cruise line operator P&O has scrapped stops in Argentina because of continuing tensions with the country over the Falkland Islands. Two of its vessels will no longer dock at three Argentine port destinations on around-the-world cruises. The decision was taken because there was no guarantee they will be able to dock.
Chilean exports of fishery products and aquaculture in the first 10 months of 2012 reached 3.8 billion dollars,1% over the same period in 2011. But the volume of exports increased 11.3%, according to the latest stats from Chile’s Fisheries and Aquaculture Under-Secretariat (Subpesca).
Chilean Energy minister Jorge Bunster regretted on Friday Methanex Canada announcement on its decision to idle operations in Chile in March due to lack of adequate natural gas supply. The company stated that it does not have sufficient feedstock to keep the plant in operation given the natural gas supply challenges.
The United Nations reported on Thursday that food prices fell for the third month in a row in December last year, balancing out sharp increases registered earlier in 2012, which had previously sparked fears of a food crisis.
Argos Resources the only Falklands explorer to not drill a well has had the most successful year of them all in share price terms. Results of interpretation of 3D seismic data are encouraging with a number of prospects identified and the company is looking for industry partners to take exploration drilling forward. Year to date share price performance: up 107.92% at 24.95p.
Rockhopper Exploration which discovered oil offshore the Falkland Islands in 2010 at its Sea Lion prospect is planning a minimum of three exploration and appraisal wells on its North Falkland Basin acreage in 2014 including Sea Lion satellites Casper, Casper South, and Beverley.
Argentina unveiled a new system of export duties on oil shipments that will cut levies as the government seeks to attract investment to revive stagnant production. The change means energy companies will receive 70 dollars per barrel of exported oil, up from 42 previously. Argentina controls the price of oil exports in order to guarantee domestic supply.
British Gas started oil production at the Sapinhoa field off Brazil, one of the “Big Five” discoveries in the pre-salt Santos Basin. Along with Petrobras and Repsol, BG plans to pump an initial 25.000 barrels a day from the deposit in BM-S-9 Block, the England-based producer said in a statement.