Investments

Tuesday, July 5th 2011 - 16:29 UTC
How seafood, oil and tourism made ’squidionaires’ and the Falklands’ rich

Caroline Graham from London's Mail on Sunday visited the Falkland Islands for a week and chance had it she arrived when a commercial oil strike was announced by one of the several companies exploring offshore the Islands.
Tuesday, July 5th 2011 - 15:21 UTC
Falklands’ Argos fast-track 3D processing anticipate drilling in late 2011/2012

Falkland Islands Argos Resources Limited reports encouraging progress on the processing and interpretation of its recently acquired 3D seismic data over its 100% owned licence PL001 in the North Falkland basin. With fast track processing of the 3D data Argos could be ready for exploratory drilling in late 2011/2012.
Tuesday, July 5th 2011 - 15:14 UTC
Rockhopper considers options to extract and store oil from Falklands’ Sea Lion well

Rockhopper Exploration is looking at some form of floating platform as the likeliest option to produce its Sea Lion oil and gas discovery offshore the Falkland Islands. But the company wants to complete delineation of the field before progressing to the front-end engineering and design (FEED) stage, reports Offshore.
Tuesday, July 5th 2011 - 05:44 UTC
Toyota Mercosur temporarily closing plants due to lack of parts

Toyota, the world's biggest automaker said Monday it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.
Monday, July 4th 2011 - 05:45 UTC
Spanish-Chinese group discover oil in Brazil’s pre-salt cluster, 6.851 metres deep

Spanish oil and gas group Repsol YPF announced last week that its joint venture with China's Sinopec Group had made a new discovery of good quality oil in Brazilian ultra-deep water.
Monday, July 4th 2011 - 05:28 UTC
Uruguay confirms second round of offshore oil exploration for next September

Uruguay confirmed a second round of offshore lease bidding for hydrocarbons exploration next September. The country’s state run oil refining company ANCAP plans to offer 15 areas with sizes ranging from 2,300 sq km to 12,000 sq km, said sources from the Ministry of Industry, Energy and Mining.
Monday, July 4th 2011 - 05:20 UTC
Canadian bank concludes purchase of Uruguay’s fourth largest private bank

Canada’s Scotiabank announced it has closed the transaction to purchase Nuevo Banco Comercial S.A. (NBC), Uruguay's fourth largest private bank in terms of loans and deposits. The acquisition was announced on December 6, 2010. Terms of the agreement were not disclosed.
Friday, July 1st 2011 - 07:12 UTC
Falkland Islands: Rockhopper Exploration plc PR

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce results for the twelve months ended 31 March 2011.
Friday, July 1st 2011 - 06:59 UTC
Qatargas will provide Argentina with LNG on a 20 year supply agreement

Qatar’s leading corporation Qatargas has signed an agreement with Argentina’s government owned oil and gas company, ENARSA for the long-term supply of liquefied natural gas (LNG).
Friday, July 1st 2011 - 06:52 UTC
British Gas doubles oil estimates off the coast of Brazil to 8 million boe

Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said.