Investments

• Friday, October 30th 2015 - 06:37 UTC

  Falklands' Humpback well finds non-commercial quantities of oil and gas

  

  Humpback is the first well to encounter oil in the potentially larger systems in deeper waters off the southeast of the Falkland Islands; however the oil and gas across a number of reservoir targets in the well drilled to a depth of 5.136 meters, were in non-commercial quantities.

• Tuesday, October 27th 2015 - 07:43 UTC

  Japanese company acquires part of Petrobras gas distribution unit

  

  Japan-based Mitsui has signed an agreement with Petrobras for partial acquisition of shares in the latter's natural gas distribution unit Petrobras Gás (Gaspetro) for about R$1.9bn ($489m).

• Saturday, October 17th 2015 - 06:54 UTC

  Falklands' southeast exploratory well has found 'oil and gas shows', says FOGL

  

  Exploring group Falkland Oil and Gas Ltd. said on Friday the Humpback 53/02-01 exploration well to the southeast of the Falkland Islands has found oil and gas shows, while wire-line logging indicates there are hydrocarbons bearing sandstones within the main target area.

• Monday, October 12th 2015 - 06:22 UTC

  Scioli leads presidential race in Argentina but still a puff short to avoid runoff

  

  Argentine ruling party's candidate Daniel Scioli maintains a commanding lead in the presidential race but still lacks enough voter support to win outright in the first round, an opinion poll by the Poliarquia consultancy showed on Sunday.

• Wednesday, October 7th 2015 - 02:11 UTC

  Japan's Mitsui Lines takes charge of re-gasifying unit project in Uruguay

  

  Japan's Mitsui O.S.K. Lines, Ltd. announced on Wednesday that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and re-gasification unit (FSRU) project led by Gas Sayago and being built in Montevideo.

• Tuesday, October 6th 2015 - 13:02 UTC

  Debt-overwhelmed Petrobras cuts further capital spending plans for this year and 2016

  

  Petrobras struggling with the biggest debt load among global oil firms, on Monday cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump. Petrobras plans to cut 2015 investment by 11% to $25 billion from the previous $28 billion, according to a statement.

• Saturday, September 26th 2015 - 07:43 UTC

  Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

  

  Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.

• Thursday, September 24th 2015 - 07:03 UTC

  Xi arrives in the US hoping for investments and pledging cooperation

  

  Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.

• Wednesday, September 23rd 2015 - 08:22 UTC

  Falklands Argos completes farm-out agreement with Noble and Edison

  

  Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.

• Saturday, September 19th 2015 - 07:32 UTC

  Falklands stall at the Prado rural show “a great surprise and greater success”

  

  The UK GREAT pavilion at Uruguay's main agri-business exhibition in Montevideo received the top prize for its category while a stall from the Falkland Islands, tended to by Islanders, is estimated to have been visited by 10% of the more than half million visitors that attended the week-long Expo-Prado.