Investments

Wednesday, October 16th 2013 - 00:33 UTC
Premier Oil, with Falklands’ interests buys into exploration project in Kenya

Premier Oil, which has a farm in agreement with Falkland Islands Rockhopper Exploration, is buying into an exploration project in Kenya, by farming into onshore Block 2B.
Saturday, October 12th 2013 - 21:55 UTC
Argentina denies having set any ultimatum regarding the pulp mill controversy with Uruguay

The Argentine Foreign ministry denied on Friday it had given a two-day ultimatum to Uruguay to suspend the decision allowing the controversial Botnia/UPM pulp mill a production expansion and also demanded an immediate return to bilateral negotiations.
Saturday, October 12th 2013 - 10:19 UTC
Balancing Geological Potential and Political Risk: Interview with Tony Hayward

From Kurdistan to Somaliland, for independent oil companies, getting your hands on new exploration acreage where both technical risk and political risk are low is impossible. Exploring for oil and gas in new frontiers is all about striking the right balance between geological potential and political risk. Take it from Anglo-Turkish Genel Energy, the largest producer in the Kurdistan Region of Iraq (KRI), where it seems nothing can shake investor confidence right now.
Friday, October 11th 2013 - 12:51 UTC
Over six million ticket requests for 2014 World Cup, with 70% from Brazil

A total of 6,164,682 requests for tickets for the 2014 FIFA World Cup had been received when the initial application period ended on Thursday 10 October 2013, of which 70.86% were from Brazil, with the remaining 29.14% from the rest of the world.
Friday, October 11th 2013 - 10:18 UTC
Uruguay: Pulp mill controversy: “Only God sets an ultimatum” Mujica tells Timerman

“Only God sets an ultimatum” said Uruguay’s President José Mujica in a laconic reply to Argentine Foreign Minister Hector Timerman demand (and countdown) to return to negotiations regarding the UPM pulp plant and Montevideo’s decision to allow an increase in production.
Friday, October 11th 2013 - 08:00 UTC
Argentine billionaire ready to invest 500m dollars in Patagonia shale development

Argentine billionaire Eduardo Eurnekian announced that his company Corporation America continues to work with government controlled oil company YPF “to develop projects” which could involve a 500 million dollars investment in the country’s rich shale deposits.
Wednesday, October 9th 2013 - 05:38 UTC
Brazil expected to announce “the largest oil discovery in the world this year”

Petrobras CEO Maria das Gracas Foster described as ‘simply exceptional’ the latest discovery of hydrocarbons off the coast of the north-eastern state of Sergipe on the Atlantic but declined to give further details of the prospect. Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”.
Wednesday, October 9th 2013 - 05:33 UTC
French Total signs to explore for oil to the north of Uruguay

French energy giant Total signed on Tuesday a deal with Uruguay’s oil company Ancap to search for oil in the northern counties of Artigas and Salto in an area of 6.200 square kilometres.
Tuesday, October 8th 2013 - 18:20 UTC
Brazil car output and sales drop in September following on a strong August

Brazil's car output and sales dropped in September from August, adding to signs of economic weakness in the third quarter after a surprisingly good start to the year. Automobile production in Brazil dropped 2.5% and sales fell 5.9% in September from August, the national automakers' association Anfavea said
Tuesday, October 8th 2013 - 18:15 UTC
Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.