Investments

Tuesday, October 30th 2012 - 07:16 UTC
Australia’s Petrel Energy farms in with US explorer operating onshore Uruguay

Australia’s Petrel Energy is getting involved in Uruguay after taking a stake in a private US player which also gives it a presence in Spain. The Sydney-based explorer said its 25% stake in Schuepach Energy International (SEI) gives the company a shot at unearthing “company-making” large scale oil and gas discoveries.
Monday, October 29th 2012 - 14:16 UTC
Mercosur and EU committed to continue advancing in trade and political talks

The Brazilian Foreign ministry revealed in a brief release that during October discussions between Mercosur and the European Union representatives both sides “confirmed their commitment to advance negotiations to achieve a wide ranging, balanced and ambitious agreement”.
Monday, October 29th 2012 - 12:31 UTC
Wall Street closes down Monday, Tuesday as hurricane Sandy advances on New York area

Wall Street stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.
Monday, October 29th 2012 - 12:26 UTC
With the charisma of Lula da Silva, Brazilian ruling party takes control of Sao Paulo city

Fernando Haddad of Brazil’s ruling Workers Party, a protégé of ex-president Lula da Silva, won Sao Paulo’s mayoral runoff election, according to official results. With 92% of ballots counted, Haddad had secured 56% to defeat his opposition rival and former presidential candidate Jose Serra of the Brazilian Social Democratic Party who received 43.9%.
Monday, October 29th 2012 - 12:14 UTC
Piñera and Chilean political system shocked by 60% abstention in municipal elections

Chilean President Sebastian Piñera says the decision by many Chileans not to vote in Sunday's local elections is a “warning sign” that should be heeded. The polls, the first to be held since voting was made voluntary, were marked by an abstention of 60%.
Friday, October 26th 2012 - 07:06 UTC
Falklands to build a new deep-water port to cater for the oil and gas industry

The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).
Thursday, October 25th 2012 - 23:51 UTC
GM to invest 450m in Argentina to manufacture a global Chevy vehicle

General Motors (GM) will invest 450m dollars to manufacture a new global Chevy vehicle at its Rosario Automotive Complex in Argentina. The investment will be made between 2013 and 2015 at the Rosario facility, which produced more than 136,000 vehicles in 2011.
Thursday, October 25th 2012 - 18:18 UTC
Falklands Oil & Gas complete farm-out deal with US Noble Energy; drilling delay

Falkland Oil and Gas Ltd., (FOGL), announced completion of the farm-out agreement with Noble Energy Falklands Limited, an affiliate of Houston based Noble Energy, Inc. and the signing of agreements with Petroleum Geo-Services (PGS) for the acquisition and processing of two new 3D seismic surveys.
Tuesday, October 23rd 2012 - 07:27 UTC
Brazil will invest 2bn dollars in promoting fishing industry and doubling catches

Brazilian president Dilma Rousseff announced on Monday an ambitious program to boost and make competitive the fishing industry doubling catches for which she promised the government would invest 4.1bn Reais (2bn dollars).
Tuesday, October 23rd 2012 - 01:37 UTC
US oil company team visit Falklands to assess industry’s infrastructure support

US based Noble Energy and farm-in partners with Falkland Islands Oil and Gas (FOGL) visited the Falklands to meet with their partners and the Falklands government and to assess in-situ the oil related infrastructure.