Investments

Saturday, October 26th 2013 - 00:39 UTC
Cartes pledges motivation and support for those who help create wealth and jobs

President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.
Friday, October 25th 2013 - 06:16 UTC
Alleged 'secret clause' in YPF/Chevron shale agreement triggers strong controversy in Argentina

A New York Times piece published on Thursday regarding the agreement between Argentine nationalized oil and gas company YPF with California based Chevron has triggered a strong controversy in Argentina because of an alleged “secret clause” in the commercial document.
Thursday, October 24th 2013 - 07:44 UTC
Falklands' oil companies FOGL and Desire merger should be finished by 19 December

Falkland Oil and Gas Ltd updated investors on its proposed merger with Desire Petroleum (DES) Wednesday lunchtime, signaling the combination should be finished by 19 December.
Thursday, October 24th 2013 - 07:36 UTC
Consortium led by Total to invest 1.2bn offshore Tierra del Fuego for natural gas

France's Total will lead a 1.2 billion dollars project to produce natural gas off the coast of Tierra del Fuego in the extreme south Argentina. In partnership with Wintershall AG and Pan American Energy LLC, they will drill as deep as 5.5 kilometers in the Vega Pleyade field, according to Javier Rielo who heads the project.
Tuesday, October 22nd 2013 - 15:11 UTC
The big winners in Kenya’s oil debut

Kenya will start pumping its first commercial oil next year and begin exporting in 2016, but this is just the opening salvo: new discoveries in recent months and fast-track new well development make Kenya the darling of East Africa from an investor’s perspective.
Tuesday, October 22nd 2013 - 05:20 UTC
Aerolineas Argentinas announces deal for 20 Next-Generation 737-800 Boeings

Argentina's flag carrier Aerolineas Argentinas amd Boeing have completed an agreement for 20 Next-Generation 737-800 airplanes, an operation valued at 1.8 billion dollars (list price) which is seen as an effort by the Argentine government to modernize its fleet and increase passenger satisfaction.
Monday, October 21st 2013 - 21:41 UTC
Brazil auctions 35-year production rights to giant offshore Libra oil area

Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors.
Saturday, October 19th 2013 - 20:47 UTC
Falklands oil company purchases dock facility and readies for 2015 drilling

Noble Energy the US oil company involved in hydrocarbons exploration in the Falkland Islands has already purchased a temporary dock facility, is looking for a rig to start exploratory drilling in early 2015 and next month begins additional 3D seismic surveying.
Thursday, October 17th 2013 - 21:09 UTC
New highway in clogged-Brazil opens more possibilities for grain exports

A highway, decades in the making, will finally open in Brazil offering a shortcut through the Amazon jungle to north-eastern waterways for the growing corn and soybean trade. The BR-163 highway connecting Mato Grosso state's soy belt to two key river ports will boost grain exports by some 3 million tons next year, offering a bit of relief to congested ports in the southeast, where most shipments originate.
Thursday, October 17th 2013 - 20:12 UTC
Russia making inroads as defence and technology supplier to Brazil

Brazil is pushing ahead with a planned one billion dollars purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defence partnership between the two BRICS nations, the Brazilian Defence Ministry said.