Venezuelan flag air-carrier Conviasa plans this year to expand the number of destinations from four to ten with the three, out of an order of twenty aircraft purchased to Brazil, announced on Wednesday the president of the company General César Martínez.
By 2022 if all works out as planned the Aconcagua Bi-Oceanic corridor should link the Atlantic with the Pacific coast of South America facilitating trade and business opportunities.
Paraguay will begin exploring for hydrocarbons in the Chaco region, heartland of South America next 8 December, said oil consultant Mario Garnero after meeting on Tuesday with President Federico Franco.
Rockhopper Exploration which struck oil at its North Falkland basin Sea Lion exploratory well in May 2010 has received formal agreement from the Falkland Islands Government to the farm-out agreement reached with Premier Oil.
As the final drill in the Falkland Islands oil exploration round nears completion Director of Mineral Resources Stephen Luxton said it was a safe assumption to plan for three rigs rather than two in the next two to three years when extraction would get underway.
Noble Energy Inc. (NBL) executives said on Thursday that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.
A socio-economic impact study on the effects of an oil development project on the Falkland Islands did not reveal any, “major new concerns which had previously escaped attention Director of Mineral Resources Stephen Luxton told Penguin News this week.
The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.
Noble Energy which expects go be extracting oil from the Falkland Islands before 2020, said on Thursday it plans to explore for crude oil in areas of Nevada that have seen little drilling, as the US exploration and production company starts to assess its longer-term prospects.
Portugal’s auction of state-owned airline TAP SA has been shunned by Europe’s three biggest carriers, boosting prospects for a Latin American takeover of a company analysts say may fetch 500 million Euros.