Investments

Saturday, July 9th 2011 - 06:51 UTC
Obama says debt-limit controversy fuelling uncertainty in the business sector

President Barack Obama cited gloomy jobs numbers as one more reason lawmakers must strike a deal soon to raise the US debt limit, saying the impasse was fuelling uncertainty within financial markets and in the business sector.
Thursday, July 7th 2011 - 16:37 UTC
Falklands Rockhopper contracts further drilling of four wells

Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.
Thursday, July 7th 2011 - 09:54 UTC
Trump opens 70-story luxury hotel in Panama, the tallest building in Latin America

Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.
Wednesday, July 6th 2011 - 05:45 UTC
YPF first well drilled in the Malvinas basin proves “dry”

YPF Argentina reported Tuesday that its first offshore well drilled in the so called Malvinas basin proved dry. The operation was equally shared with Brazil’s Petrobras and Pan American Energy, a Chinese-Argentine group.
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.