Investments

• Tuesday, February 7th 2012 - 16:57 UTC

  Oil rig operating in the Falklands signs three year contract off Norway

  

  A consortium of companies appears to be spending a large day-rate on an Ocean Rig unit which has been fixed for a firm three years off Norway. The semi-submersible Leiv Eiriksson, currently operating in Falklands waters has been wrapped up for a 15-well program over a minimum of 1070 days on the Norwegian Continental Shelf, Greek rig owner Ocean Rig said on Monday.

• Monday, February 6th 2012 - 21:59 UTC

  Argentina puts pressure on YPF: wants oil companies with long term investments

  

  Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.

• Monday, February 6th 2012 - 19:48 UTC

  “Leo” wines to support Messi’s Foundation programs to help children promoting sports

  

  An Argentine winery will be launching next April a line of Sauvignon and Chardonnay with the brand name “Leo” in honour of the brilliant player and striker of the world’s currently greatest team Barcelona, Leonel Messi.

• Monday, February 6th 2012 - 19:45 UTC

  Brazil privatizes concessions of the country’s three busiest air terminals

  

  Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.

• Sunday, February 5th 2012 - 07:52 UTC

  Jackie Chan to promote Brazilian manufactured executive aircraft in China

  

  Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.

• Friday, February 3rd 2012 - 18:25 UTC

  Shell announces major investment drive to boost falling production

  

  Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.

• Thursday, February 2nd 2012 - 22:20 UTC

  US court rules 17 tons of 19th century rescued silver coins must be returned to Spain

  

  A US federal judge has ruled against Odyssey Marine Exploration in its legal row with Spain over 17 tons of silver coins recovered from a sunken 19th century Spanish galleon.

• Wednesday, February 1st 2012 - 14:43 UTC

  Falklands’ second exploration round takes off south of the Islands

  

  A new round of Falkland Islands oil exploration began this week when London AIM listed Borders & Southern Petroleum plc announced that their first exploration well, located approximately 140 kilometres south of the Islands, was spudded on 31st January 2012.

• Wednesday, February 1st 2012 - 07:53 UTC

  Buenos Aires La Nacion in talks to acquire Hispanic media group in the US

  

  Two news sources, New York Post and New York One report that the Hispanic media group ImpreMedia is in talks with Argentine newspaper group La Nacion which is interested in the US Spanish publications.

• Tuesday, January 31st 2012 - 23:51 UTC

  China bars Brazil’s bulk carriers from its ports; clash over iron ore shipping rates

  

  China banned a giant new class of ship from its ports on Tuesday, a move that checks efforts by mining giant Vale SA to cut the cost of shipping iron ore to its largest market and risks raising trade tensions with Brazil.