Investments

Wednesday, June 12th 2013 - 10:21 UTC
Norway’s Statoil cools new project: tax changes and government delay in building support port

On account of applicable Norwegian Government tax changes Statoil as operator has recommended a delay of the investment decision for the Johan Castberg project in the Norwegian Barents Sea.
Wednesday, June 12th 2013 - 07:48 UTC
Argentina promotes oil and gas opportunities at the British-Argentine Chamber of Commerce in London

The Seminar “Argentina Oil & Gas 2013” organized by the British Argentine Chamber of Commerce (BACC) with the support of the Law Society and UK Trade and Investment Department took place last Thursday June 6 and highlighted Argentina’s century long experience in the hydrocarbons industry.
Wednesday, June 12th 2013 - 07:20 UTC
China set eyes on Latam agriculture to promote cooperation and food security

China is determined to strongly stimulate agriculture cooperation with Latin America to improve bilateral trade in the field, develop farming technology and improve productivity. This was the main conclusion of the recent China/Latinamerica Agriculture Cooperation Forum held in Beijing which convened over twenty Agriculture ministers from the region with host minister Han Changfu.
Tuesday, June 11th 2013 - 05:18 UTC
Fast-track debate in Nicaragua to consider Chinese project for an inter-ocean canal

Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
Construction of the waterway would take 10 years and cost 40 billion dollars.
Tuesday, June 11th 2013 - 05:12 UTC
Falkland Islands Holdings results confirm success of South Atlantic oil industry

Falkland Islands Holdings' shares rose on Monday after it posted an increase in underlying pre-tax profits and looked forward to 'an exciting future'. FIH reported underlying pre-tax profits of £3.29m for the year to the end of March - 1.9% up on last time.
Saturday, June 8th 2013 - 06:18 UTC
Piñera blasts environmental licensing for giant Pascua-Lama gold mine project

Chilean President Sebastian Piñera blasted the environmental review process that led to a permit for Barrick Gold’s, now-suspended 8.5 billion dollar Pascua-Lama gold mine project.
Thursday, June 6th 2013 - 22:14 UTC
Falklands’ oil company completes second 3D survey over its Southern licenses

Falkland Oil and Gas (FOGL) reported Thursday the completion of a 3D survey over its Southern Area licenses offshore the Falkland Islands. FOGL said the survey aimed to target a number of prospects and leads immediately to the west and northwest of the Darwin condensate discovery.
Thursday, June 6th 2013 - 06:06 UTC
Brazil signs bill expanding private sector participation in the clogged ports

Brazilian President Dilma Rousseff signed into law on Wednesday new regulations to make its ports more efficient and attract up to 12 billion dollars in investments as the country finally begins to tackle logistics bottlenecks hampering vast farm exports.
Wednesday, June 5th 2013 - 22:06 UTC
Brazil boosts agriculture budget by 18% to speed expansion of storage capacity

The Brazilian government announced that it is increasing the farm budget, including funds for subsidized loans by 18% to 136 billion Reais (approx 68 billion-dollars) mainly for improving the country’s insufficient storage capacity and new silos.
Tuesday, June 4th 2013 - 19:07 UTC
Falklands’ oil industry has come of age moving from exploration to production stage, confirms Governor Haywood

For the first time the Falkland Islands have underlined the significance of the hydrocarbons industry as a fully integrated sector of the local economy as it effectively and successfully moves from the exploration to the exploitation stage with first shipments scheduled for 2017. At the same time it regrets that South American companies are not participating of the logistical opportunities because of Argentine interference.