China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.
The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.
Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.
Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.
New Zealand Farming Systems Uruguay needs to raise about 60 million US dollars to complete the development of the company, says Chairman John Parker. The company was set up to develop dairy-farm operations in Uruguay and floated on the NZX in 2007.
Alternative Latin Investor (ALI), the first and only online news source to provide information on alternative investments in Latin America, has just released an in-depth report on the Panamanian investment environment.
Brazilian President Lula da Silva, mining giant Vale Doce CEO Roger Agnelli and ThyssenKrupp CEO Ekkehard Schulz inaugurated on Friday Brazil's newest steel mill, Cia Siderurgica do Atlantico (CSA).
Bolivia and India’s Jindal Steel & Power one of the world’s leading steel manufacturers are scheduled to sign an addendum to the contract for the exploitation of the Mutún iron ore reserves with the purpose of unlocking the “lack of investments” according to Mines minister Jose Pimentel.
Rockhopper Exploration announced on Tuesday it had raised £48.5m from the stock market to fund its drilling operations off the Falklands Islands. Last week Rockhopper revealed that its first well in the North Falkland Basin, called Sea Lion, had found much more oil than expected.
KallosTurin Architects have won an international award from the Royal Institute of British Architects, RIBA, for the design and construction of two farm houses in an environmental friendly residential development in one of Uruguay’s most fashionable resorts.