Investments
InvestmentsChilean court suspends construction of world’s biggest gold mine in the Andes
A Chilean court has suspended construction of what would be one of the world's biggest gold mines on Wednesday, accepting a complaint filed by indigenous groups on environmental grounds.
Falklands’ oil company completes 3D seismic program and is planning next drilling campaign
Borders & Southern announced this week it has completed the 3D seismic program in the South Falkland Basin offshore the Falkland Islands. The group acquired 1,025 sq km of full fold seismic data collected by the ‘Ramform Challenger’, which will be processed by Petroleum Geo-Services.
Petrobras calls for clear rules to foster investment in shale production development
Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.
Russia’s Gazprom after Bolivian natural gas; takes 20% stake in Total fields
Russia’s Gazprom will buy a 20% stake in Total SA’s gas fields in Bolivia. Total will retain 60% ownership in the fields, while a unit of Argentina’s Techint Group holds 20”, announced Bolivia’s Energy minister Juan Jose Sosa.
The Falkland Islands brace for oil wealth; the Norwegian experience
By Brian Swint (Bloomberg - Businessweek) - On March 10 and 11, Falkland Islanders voted in a referendum on whether to remain under British rule. Of its 2,563 citizens, only three voted no. The victory set off howls of indignation in nearby Argentina, which fought a brief, disastrous war with Britain over the South Atlantic islands in 1982.
Brazil planning agency to manage fluvial ports, waterways and locks
The administration of President Dilma Rousseff is working on the creation of a new agency which will be responsible for Brazil’s fluvial ports and terminals, waterways and locks. The ‘Hidrobras’ project is being drafted by the Ministries of Transport and Planning and will look after shipping in the fluvial system, “which is currently exploited far below its possibilities and potential”.
Falkland Islands’ oil industry associate begins offshore production from Israel’s major gas deposits
Houston based Noble Energy which also has interests in the Falkland Islands oil industry announced this week that the Tamar natural gas field offshore Israel has been successfully brought online with all five of the sub-sea wells now producing at stable rates totalling approximately 300 million cubic feet per day.
Gas starts flowing from Israel's Levant Basin, what now?
By Jen Alic - The first gas has started flowing from Israel's super-giant Tamar gas-field in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.
Batelco completes buyout of Cable & Wireless; includes Falklands, St Helena and Ascension services
Cable & Wireless Communications (CWC) has completed the disposal of the majority of its Monaco & Islands division, which was announced last December and includes the South Atlantic islands of Falklands, Ascension and St Helena.
Falklands’ new port facility sea bed survey to be completed by early June
A deployable core drill rig is taking samples of the sea bed and rock structure for the likely locations of a future deep-sea port for the Falkland Islands in Port William, reports the Penguin News.
