Stories for June 6th 2011

Monday, June 6th 2011 - 06:34 UTC
Major Indian oil company interested in shale gas assets in Argentina

State run India OIL Ltd has drawn up a war chest of over 1 billion US dollars, for acquiring a producing oilfield abroad and the company is trawling major oil-producing geographies, among which shale gas assets in Argentina, chairman N M Borah said last week.
Monday, June 6th 2011 - 06:32 UTC
Major reforms to sullage plants in Gibraltar following last week’s fire

Gibraltar Government is likely to have fuel services, including sullage plants of the type that caught fire last Tuesday and injured welders and cruise passengers, moved away from their current location.
Monday, June 6th 2011 - 06:27 UTC
Number of millionaires expanded 12% in 2010 and reached 12.5 million

The ranks of millionaires expanded by 12% in 2010, to about 12.5 million, led by Singapore, as gains in financial markets lifted global wealth for a second straight year, the Boston Consulting Group said.
Monday, June 6th 2011 - 06:17 UTC
Humala claims victory in Peruvian presidential run-off

The nationalist former Army officer Ollanta Humala claimed victory in Peru’s presidential election run-off as he clung to a lead of about 20,000 votes over Congresswoman Keiko Fujimori.
Monday, June 6th 2011 - 06:09 UTC
Rousseff and ‘godfather’ Lula da Silva meet to decide on the Palocci crisis

Brazilian President Dilma Rousseff was expected to consult her predecessor Lula da Silva before deciding whether to dismiss Cabinet Chief Antonio Palocci, who has come under scrutiny for consulting fees he earned while managing Rousseff’s election campaign, according to the Sao Paulo press.
Monday, June 6th 2011 - 06:06 UTC
US Lower House questions President Obama on Libyan conflict policy

The United States House of Representatives demanded that President Barack Obama clarify the US role in the conflict in Libya, but rejected an attempt to force him to end America's military involvement there.
Monday, June 6th 2011 - 05:57 UTC
YPF ready to take control of Argentina’s main gas distributor

Argentina’s oil corporation YPF signed a purchase option for 54.67% of the British Gas controlled GASA group that is the country’s largest distributor of gas. The purchase option expires August 31.
Monday, June 6th 2011 - 04:08 UTC
Chilean volcano ashes reach Atlantic coast; all flights cancelled and schools closed

Southern Chile's Puyehue volcano was calm Sunday, one day after raining down ash and forcing thousands to flee, although the cloud of ash it had belched out still darkened skies as far away as neighbouring Argentina and was heading to the Atlantic coast.