Stories for February 12th 2010

Friday, February 12th 2010 - 19:37 UTC
Falkand Islands: Seismic contractor moves in on unlicensed acreage

AS the Ocean Guardian oil rig is scheduled to arrive in Falklands waters next week, a UK-registered start-up seismic contractor is aiming to carry out a speculative 6,000km multi-client 2D shoot on unlicensed acreage in Falklands waters.
Friday, February 12th 2010 - 04:41 UTC
Argentina will take the Falklands’ oil drilling case to United Nations

Argentina will be taking the case of oil exploration in Falkland Islands waters by private companies licensed by the Islands government to the United Nations, but not to the International Court of The Hague as had been suggested since the London/Buenos Aires dispute resumed a few weeks ago.
Friday, February 12th 2010 - 04:38 UTC
Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.
Friday, February 12th 2010 - 04:29 UTC
Uruguayan president elect captivates audience of Argentine businesspeople

Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.
Friday, February 12th 2010 - 04:24 UTC
Spanish economy contracts 0.1% in last quarter and 3.6% in 2009

The Spanish economy shrank by 0.1% in the last three months of 2009, making it the last major economy still in recession. INE, the national statistics agency, also said the country's GDP had contracted by 3.1% compared with the same period a year before.
Friday, February 12th 2010 - 04:11 UTC
Portugal keeps to the Euro and is contrary to a bail-out policy

Portugal, another of the “sick” countries of the EU (and member of PIGS: Portugal, Ireland, Greece, Spain), said it will not abandon the Euro.
Friday, February 12th 2010 - 04:08 UTC
Brazilian police arrest Brasilia’s governor on bribery charges

Brazilian police arrested on Thursday a key opposition party district governor on bribery charges, potentially hurting the right wing's chances in the general election this year.
Friday, February 12th 2010 - 04:03 UTC
Hopeful news for US employment: jobless benefits applications down

The number of US workers filing new applications for jobless benefits tumbled last week, a government report showed Thursday, reversing a recent spike that had raised concerns about renewed labour market weakness.
Friday, February 12th 2010 - 03:56 UTC
Abundant rainfall anticipates a record soy bean crop for Argentina

Plentiful rains are anticipating excellent summer crops in Argentina both for maize and soy beans according to the Buenos Aires Cereals Stock market and the US Department of Agriculture, USDA, estimates.