Investments

Thursday, August 9th 2012 - 01:34 UTC
Falklands’ oil explorer says deal with US company is “not politically motivated”

The Chief Executive of Falkland Oil and Gas Ltd, FOGL, has said that its farm out agreement with Texas based US firm Noble Energy is not “politically motivated”, according to a report by the Daily Telegraph.
Thursday, August 9th 2012 - 01:02 UTC
Argentina warns US and EU markets on oil exploration activities in the Falklands

Argentina’s National Securities Commission, CNV, officially communicated leading international stock exchanges in the US and Europe that hydrocarbons companies operating in the Argentine continental shelf in the area of the disputed Falklands/Malvinas Islands are involved in “illicit and clandestine” activities.
Wednesday, August 8th 2012 - 18:16 UTC
Panama Canal unveils new tolls structure and increases some categories

Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Panamanian government approved this week the proposal to restructure the Panama Canal's pricing system.
Monday, August 6th 2012 - 21:18 UTC
US Noble Energy farms in to explore for oil in east and south Falklands’ waters

London AIM listed Falkland Oil and Gas announced it has reached an agreement to farm out a 35% stake in most of its Falkland Islands’ exploration licenses to the US Noble Energy to help fund its drilling plans off the Islands.
Monday, August 6th 2012 - 07:54 UTC
Venezuela will help YPF explore for hydrocarbons in fields next to the Falklands

Venezuela’s government oil corporation, PDVSA, in considering with Argentina’s YPF exploring for oil and gas in the area next to Falkland/Malvinas waters, revealed the president of the corporation and Minister of Petroleum and Mining.
Monday, August 6th 2012 - 07:21 UTC
Slowdown in Latin America further exposed vulnerabilities of Spain and Portugal

The slowdown in Latin America’s once booming economies could take a heavy toll on profits for Spanish and Portuguese companies whose two-decade investment spree abroad has provided a lifeline during a deepening crisis at home.
Saturday, August 4th 2012 - 03:14 UTC
Venezuela accession to Mercosur “by the back door”, according to The Economist

Under the heading of “In by the back door” referred to the expansion of Mercosur, The Economist says “bringing Venezuela certainly was smart, in the sense of cunning rather than wise”, but it was done ignoring the block’s rules which call for unanimity in admitting new members.
Friday, August 3rd 2012 - 08:25 UTC
Falkland Islands debates and prepares for the development of the oil industry

A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.
Friday, August 3rd 2012 - 07:46 UTC
State of emergency in south Peru to protect mining projects from guerrillas

Peru’s government has extended a state of emergency for 60 days in several districts of south-central regions because of the presence of the guerrilla group Shining Path remnants.
Friday, August 3rd 2012 - 07:01 UTC
Petrobras and BP discover oil in deep-water at the northeast basin off Ceara

Brazil’s government controlled oil and gas corporation Petrobras and Britain’s BP announced the discovery of oil in a deep-water offshore well in a new area for exploration off Brazil's northeast coast, according to a securities filing on Thursday.