Stories for July 2010

Tuesday, July 13th 2010 - 06:37 UTC
Petrobras first tests in the Franco sub-salt field confirm 50.000 bpd

Brazil’s oil regulator ANP said it concluded its first test at the Franco offshore field, which holds the oil reserves that the government may sell state-controlled Petroleo Brasileiro SA, Petrobras, in exchange for new stock.
Tuesday, July 13th 2010 - 06:32 UTC
“Vuvuzela” has been voted the word of the World Cup

Vuvuzela” has been voted the word of the World Cup by global linguists who said Monday the tournament will be best remember for the name of South Africa's deafening trumpet.
Tuesday, July 13th 2010 - 06:27 UTC
Colombian sales to Venezuela plummet 70%, but record year for overall exports

Colombian exports to Venezuela totalled 652 million US dollars between January and May 2010, showing a 71.4% fall compared with the first five months of 2009, reports Colombia's Department of Statistics (DANE).
Tuesday, July 13th 2010 - 06:21 UTC
Brazil’s automobile production in first half soars 19.1% over a year ago

Brazil’s automobile production increased 19.1% in the first half of the year compared to the same period a year ago and exports soared 62.3% according to the Brazilian automakers association Anfavea.
Tuesday, July 13th 2010 - 00:56 UTC
FAO says “some regulation• of commodities future markets is “desirable”

Some regulation of commodities futures markets is desirable, according to FAO, but any intervention should be cautious and stop short of imposing tight limits or an outright ban on such trading
Tuesday, July 13th 2010 - 00:52 UTC
Petrobras contracts global PR in anticipation of its deep sea sub-salt drilling

One of the world's biggest oil producers has sought global PR expertise as it expands a controversial deep sea offshore sub-salt drilling program.
Tuesday, July 13th 2010 - 00:47 UTC
For the first time since 2002 Fitch raises Argentina’s credit ratings out of default

Fitch Ratings on Monday raised Argentina's credit ratings out of default, following the completion of a debt swap last month, but said the deal is not enough to open new financing sources for the country.
Monday, July 12th 2010 - 21:45 UTC
Danes to invest in Latinamerica’s largest wind farm in northern Chile

The world's largest wind turbine company, Denmark’s Vestas, last week announced it will be investing in the Talinay Oriente wind farm project in northern Chile, a project it says will become Latin America's largest wind farm.
Monday, July 12th 2010 - 21:40 UTC
First oil drill in south of Falklands ‘disappointing’, but company keeps to program

The first well to be drilled at the south of the Falkland Islands proved to be a disappointment, Falkland Oil and Gas Ltd, FOGL, officially announced to the London Stock Exchange.
Monday, July 12th 2010 - 03:55 UTC
Cheering “Viva España”, “Soy español” millions take to the streets to celebrate

Spontaneous celebrations erupted across Spain on Sunday after the national football team won its first World Cup when Andres Iniesta scored an extra-time goal in a 1-0 wins over the Netherlands at Soccer City, Johannesburg.