Investments

Friday, September 30th 2011 - 06:09 UTC
Falklands’ B&S Petroleum confirms 197m dollars to drill two wells in Jan/Feb

Falkland Islands oil and gas explorer Borders & Southern Petroleum has swung into the black, just months before it embarks on its drilling program in the South Falkland Basin. The company posted pre-tax profits of 761.211 dollars in the six months ended June 30, compared to a loss of 672.185 in 2010.
Thursday, September 29th 2011 - 16:03 UTC
Argentina leader in use of nuclear power for peaceful purposes, says CFK

President Cristina Fernández de Kirchner (CFK) opened on Wednesday the country’s third nuclear plant Atucha II, in the Greater Buenos Aires district of Zárate, and highlighted the fact that “Argentina is leader in the use of nuclear power for peaceful purposes.”
Wednesday, September 28th 2011 - 22:18 UTC
Falklands’ Argos needs additional capital for drilling set to begin at end of year

Falklands based Argos Resources expects to drill its first well on license PL001 in the North Falkland basin in late-2011 or early-2012, using the semi submersible rig Ocean Guardian, currently operating in the Islands’ waters.
Wednesday, September 28th 2011 - 06:21 UTC
Japan’s number 2 automaker plans to increase production in Brazil

Japan's number two automaker, is planning to invest 1.5 billion dollars to build a factory in Brazil that might produce electric cars, according to reports in the media.
Tuesday, September 27th 2011 - 23:45 UTC
Odyssey locates British WW II shipwreck with 200m silver haul onboard

A British cargo ship sunk during the Second World War has been discovered in the Atlantic with the world's largest ever haul of precious metal onboard.
Monday, September 26th 2011 - 17:02 UTC
Falklands’ Rockhopper spuds new well and plans another drilling slot

Rockhopper Exploration is in talks with Diamond Offshore about lining up another drilling slot as it spuds a well off the Falkland Islands. Diamond Offshore are the owners of the Ocean Guarding drilling rig contracted by Desire Petroleum and involved in the current hydrocarbons exploration round.
Monday, September 26th 2011 - 03:53 UTC
LAN assessing regulator’s tough conditions for the takeover of Brazil’s TAM

LAN Airlines said it hopes its multibillion-dollar takeover of Brazil's TAM will be completed in the first quarter of 2012, but it is studying conditions imposed by Chile's regulator.
Friday, September 23rd 2011 - 23:23 UTC
US court rules “Black Swan” underwater treasure must be returned to Spain

A US appeals court has ruled that Odyssey Marine Exploration must return the controversial ‘Black Swan’ treasure to Spain. The judgement upholds a prior ruling from a lower court but Odyssey said it would challenge the decision.
Friday, September 23rd 2011 - 07:57 UTC
Uruguay’s second oil licensing round triggers greater expressions of interest

Uruguay's government oil corporation Ancap has received expressions of interest from at least 10 foreign companies for 15 offshore oil and gas exploration blocks it is offering in its second licensing round, a company official said in Geneva.
Thursday, September 22nd 2011 - 20:24 UTC
SABMiller takes over Australia’s leading brewer Foster’s Group fro 10.2bn

Australian beer giant Foster's has accepted an improved takeover worth 9.9 billion Aus dollars (10.2bn US dollars) from British-based brewer SABMiller, the pair announced on Wednesday.