Investments

• Friday, September 9th 2011 - 22:05 UTC

  Mercosur and Mexico auto industry agree to jointly compete with Asia

  

  Mercosur and Mexico signed an agreement which virtually liberates all bilateral auto industry trade and opens prospects for joint undertakings world wide. The event took place in Montevideo, administrative capital of Mercosur.

• Friday, September 9th 2011 - 15:44 UTC

  Small shareholders question Pemex stake doubling in Repsol-YPF

  

  A group representing minority shareholders asked Spain’s CNMV stock market regulator to investigate the recent move by Mexican state oil company Pemex to double its stake in Spanish energy giant Repsol-YPF.

• Friday, September 9th 2011 - 15:00 UTC

  Oil discovery off French Guiana, “mirror” of Jubilee field off Ghana, says Tullow

  

  Tullow Oil has announced an oil discovery from an exploration well off the coast of French Guiana. The drilling encountered 72 metres of net oil pay in two turbidite fans.

• Friday, September 9th 2011 - 09:23 UTC

  Uruguay launches second round of hydrocarbons offshore exploration

  

  Uruguay detailed plans to auction 15 offshore exploration blocks on Thursday, part of the energy-short country's efforts to reduce its dependence on imports of oil and natural gas.

• Friday, September 9th 2011 - 09:18 UTC

  Falkland Oil & Gas confirms drilling rig for two slots in the first half of 2012

  

  Falkland Oil and Gas (FOGL), the exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, reiterated it has signed a contract for the Leiv Eiriksson drilling rig for two firm slots in the first half of 2012.

• Tuesday, September 6th 2011 - 22:27 UTC

  Chinese consortium acquires 15% of world’s largest niobium producer in Brazil

  

  A consortium of five Chinese companies has acquired a 15% stake in Brazil's Companhia Brasileira de Metalurgia e Mineracao (CBMM), the world's biggest niobium producer, for 1.95 billion dollars in cash.

• Tuesday, September 6th 2011 - 06:24 UTC

  Colombia’s largest retailer launches stock sale to fund expansion in Uruguay

  

  Colombia's largest retailer Almacenes Exito SA launched a 2.5 trillion peso (1.4 billion dollars) stock sale for local and foreign investors Monday, the proceeds of which will be used to expand into Uruguay and elsewhere.

• Sunday, September 4th 2011 - 23:31 UTC

  Blockaded by Argentina, Falkland’ plans to grow its own vegetables and eggs

  

  A quarter of million pounds (approximately 400.000 dollars) is to be used to produce more fruit, vegetables, salad and hen eggs within the Falkland Islands. The Executive Council (ExCo) agreed the funding which is to be administered by the Development Corporation (FIDC) in a bid to reduce the amount of imports into the Islands.

• Saturday, September 3rd 2011 - 07:51 UTC

  Uruguay oil company announces exploratory drilling inland with own resources

  

  Uruguay’ government owned oil corporation ANCAP said on Friday it had begun exploratory drilling inland with its own resources. The announcement was done during the presentation of the II Uruguay Round to tender offshore exploratory blocks which has attracted interest from several regional and international corporations.

• Wednesday, August 31st 2011 - 08:11 UTC

  Mexico’s Pemex gains strong position in Spain’s Repsol with voting alliance

  

  Mexico's state oil monopoly Pemex said on Tuesday it aims to boost its access to top-end technology to explore for oil in the deep waters of the Gulf of Mexico by increasing its stake in Spanish oil firm Repsol.