Investments

• Sunday, January 22nd 2012 - 05:44 UTC

  Falklands confirms second oil rig has reached the Islands; spudding planned for Monday

  

  Falklands oil industry sources confirmed that the semi-submersible Leiv Eiriksson oil exploration rig has reached Falklands’ waters and should be spudding its first well next Monday.

• Tuesday, January 17th 2012 - 06:54 UTC

  Rockhopper shares soar as talks for a partner in Falklands’ oil operation advance

  

  Rockhopper Exploration Plc climbed to an 11-month high in London trading after a report that Cairn Energy Plc is in talks with the only company to have made a potentially commercial oil find near the Falkland Islands.

• Monday, January 16th 2012 - 02:28 UTC

  Merrill Lynch appointed to find partners to develop Falklands’ oil project

  

  Rockhopper Exploration which recently discovered oil and gas in Falkland Islands waters has appointed Bank of America Merrill Lynch to lead the process of finding a partner for its 2 billion dollars oil project in the North Falkland basin, reports the London media.

• Saturday, January 14th 2012 - 06:13 UTC

  Chevron, Repsol and Statoil to drill offshore Newfoundland and Labrador

  

  Chevron Canada Ltd., a big player in Canada's offshore oil industry, has struck a deal with Norwegian and Spanish oil companies to carry out exploration off the coast of Atlantic Canada.

• Friday, January 13th 2012 - 22:47 UTC

  Falkland Islands Holdings agrees to subscribe 2 million new shares from FOGL

  

  Falkland Islands Holdings has agreed to subscribe for 2 million new shares placed by Falkland Oil and Gas Limited. FIH says the £860,000 cost of the shares will be met from the group's existing cash resources.

• Friday, January 13th 2012 - 21:13 UTC

  Several groups interested in taking over bankrupt American Airlines

  

  US Airways Group, Delta Airlines and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp, the bankrupt parent of American Airlines according to US financial media reports.

• Friday, January 13th 2012 - 19:21 UTC

  Oil company ensures funds for a Falkland Islands’ two-well drilling round

  

  UK-based Falkland Oil and Gas (FOGL) announced on Friday it has raised £48.5m (74.3m dollars) through a placing of new ordinary shares to fund drilling of exploration wells in Falkland Islands while it continues active discussions with potential partners for a farm-out.

• Thursday, January 12th 2012 - 14:28 UTC

  Chinese company to purchase world’s fourth largest uranium deposit in Namibia

  

  Namibia's competition commission said on Wednesday it had cleared a Chinese nuclear company to take over an Australian mining firm with rights to the world's fourth-largest uranium deposit.

• Thursday, January 12th 2012 - 12:32 UTC

  Chile ratifies its position and denies existence of a Malvinas blockade

  

  Chile ratified this week that vessels flying the Malvinas flag will continue to be barred from Chilean ports and that the country’s position relative to the issue has not changed and denies the existence of a blockade. A brief statement from the Chilean Foreign Affairs ministry indirectly refers to the latest statement by UK Foreign Secretary William Hague.

• Thursday, January 12th 2012 - 12:31 UTC

  Uruguay’s position on barring Malvinas flagged vessels “has not changed an iota”

  

  In an official communiqué Uruguay ratified full support for Argentina’s Malvinas sovereignty claim and underlined that the barring of Malvinas’ flagged vessel from Uruguayan ports stands and “has not changed an iota”.