Investments

• Monday, November 11th 2013 - 16:03 UTC

  Mid-Atlantic ridge with iron-rich waters extending from Brazil to Namibia discovered

  

  At the slow-spreading mid-Atlantic ridge in the South Atlantic Ocean an iron cloud spreads for more than 1,000 kilometers across the Atlantic from west of Namibia, Africa, to northeast of Rio de Janeiro, Brazil. The iron-rich waters flow 1,500 to 3,500 meters beneath the surface of the ocean. The complete extent and shape of the iron plume remains to be discovered.

• Saturday, November 9th 2013 - 05:54 UTC

  Falklands: FOGL starts 3D seismic survey in north basin; drilling in late 2014

  

  Falkland Oil and Gas Ltd, FOGL, announced on Friday it has started the third 3D seismic survey of its northern area licences in the Falkland Islands. The oil and gas exploration and development company with operations in the Falkland Island Basins said the PGS Ramform Titan ship has begun the survey over the mid-Cretaceous complex.

• Thursday, November 7th 2013 - 22:53 UTC

  Pescanova needs 185 million Euros to get back to business, say auditors

  

  The Galician multinational firm Pescanova needs an estimated 185 million Euros in working capital to be run in a year, according to estimates made by the consulting firm PricewaterhouseCoopers (PwC).

• Wednesday, November 6th 2013 - 01:38 UTC

  Piñera joins the Pascua Lama gold mine project fray and points to Barrick Gold

  

  Chilean President Sebastián Piñera has entered the fray surrounding Barrick Gold’s decision to temporarily suspend construction on its troubled Pascua Lama gold mine which straddles up in the Andes along Chile and Argentina, a move which activists slammed as a ploy.

• Tuesday, November 5th 2013 - 07:01 UTC

  Argentina oil and gas output continues to fall; YPF reports a better performance

  

  Despite all the efforts and new incentives implemented by the administration of President Cristina Fernandez, Argentina's oil and gas production to August compared to last year's eight months continues to decline although at a slower rate: 2.76% and 6.57% respectively, according to the latest figures released by the Energy Secretary.

• Tuesday, November 5th 2013 - 01:24 UTC

  Falklands' government announces updated version of Oil Readiness Checklist

  

  The Falkland Islands Government has announced that an updated version of the FIG Oil Readiness Checklist is now available online. The checklist refers to key areas from the FIG ongoing program for the development of the hydrocarbons industry as it grows into a production phase.

• Monday, November 4th 2013 - 05:43 UTC

  Uruguay extends UPM pulp mill production license for another three years

  

  The Uruguayan government announced it has renewed until 2016 Botnia/UPM pulp mill license so it can continue with production since it complies with the necessary environmental requisites and is committed to the additional standards demanded, said Housing and Environment minister Francisco Beltrame.

• Monday, November 4th 2013 - 00:30 UTC

  IDB financing for private sector 90 MW wind farms in Uruguay

  

  The Inter-American Development Bank (IDB) approved a private sector loan for up to 132.6 million to partially finance the construction of the Carapé I and II wind farms in Uruguay.

• Monday, November 4th 2013 - 00:27 UTC

  Shelving of Pascua-Lama mining project in the Andes conditions Barrick Gold

  

  A massive public share offering from Barrick Gold Corp proved a tough sell, market sources said, as the price of gold dropped and investors digested news that the miner had shelved a key growth project

• Sunday, November 3rd 2013 - 00:03 UTC

  Brazil's golden boy files for bankruptcy; an example of overblown expectations?

  

  Just a few year ago, flashy Brazilian billionaire Eike Batista was bragging that he would soon overpass Carlos Slim as the world's richest man. He even liked to show visitors his Mercedes-Benz McLaren parked right in the living room of his mansion. But his fall has been deep and fast.