The North Falkland oil and gas exploration company Rockhopper Exploration plc (AIM: RKH) announced Monday that the Ocean Guardian drilling rig is on location at the Sea Lion prospect where oil was discovered in a drilling last April/May. Operations now are concentrated on the flow test of the Sea Lion main and lower fans.
Analysts covering Brazil’s economy raised their forecast for GDP growth this year to 7.34%, according to a central bank survey. Economists held their 2011 economic growth forecast unchanged at 4.5%, according to the median estimate in a survey of 100 analysts taken September 3 and published Monday.
Brazil expanded the offshore area where drilling for crude or prospecting for minerals requires government authorization as it seeks to increase control over natural resources.
Europe's regulation chief has told London based companies to 'remain calm' over plans to give Brussels new powers to control their business.
Former British Prime Minister Tony Blair and his Spanish counterpart Jose Maria Aznar shared a tongue in cheek anecdote about Gibraltar during a family get together in Spain. The story is contained in Mr Blair's bestselling memoirs 'A Journey' that has just hit the bookshops in UK and is reported in the Gibraltar Chronicle.
Life in the pink palace of Argentina's ruling couple is no bed of roses, says a new biography of President Cristina Kirchner. It portrays her as the puppet of an authoritarian husband who once punched her in the face for defying his will.
Highlighting the centrality of the marine environment to human well-being, Secretary-General Ban Ki-moon stressed the collective global responsibility to protect the world’s oceans.
The Canadian company B2Gold announced “impressive gold values” from a systematic mechanical trenching program in the south of Uruguay where in association with a local company (Weeping Apple S.A.) it has an option to survey ten claims totalling 34.200 hectares.
Despite a large rise in the two months to August, wheat prices remain well below levels reached during the boom in 2008 and market pricing indicates that the risks of further large price spikes have eased, says a report from the IMF.
Argentina’s capital Buenos Aires has been dubbed the new “gay mecca” of South America, and the Argentine Ministry of Tourism is running with it, according to an article published by LGBT contributed by Roy Heale.