Investments

Friday, February 11th 2011 - 06:29 UTC
Colombian oil and coal reserves attract Latam’s tycoons

Carlos Slim considered by Forbes Magazine the richest man in the world said he’s seeking to boost his investments in Colombia because of the country’s open policy on oil exploration, its mineral assets and growing middle class.
Thursday, February 10th 2011 - 01:11 UTC
US plans 53 billion USD high-speed rail and intercity network investment

United States unveiled a strategy to spend 53 billion US dollars on high-speed rail and intercity network over the next six years. It's a plan that will, according to Vice-president Joe Biden, bring the US closer to giving 80% of Americans access to high-speed rail in the next 25 years.
Tuesday, February 8th 2011 - 21:17 UTC
Ensco becomes the world’s second largest off-shore drilling company

UK based oil drilling services company Ensco PLC said Monday it has agreed to buy US rival Pride International Inc. in a 7.3 billion US dollars cash and stock deal that will create the world's second largest off-shore drilling company.
Thursday, February 3rd 2011 - 23:39 UTC
World leading plywood company to double exports from Uruguay’s mill

Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.
Thursday, February 3rd 2011 - 23:02 UTC
Falklands’ “Ocean Guardian” oil rig operational capabilities upgraded

Oilfield equipment specialist Titan Torque Services has secured a six-figure contract to provide support services for exploration work off the Falkland Islands in the South Atlantic. The company signed a one-year deal with well management company AGR Petroleum Services to provide torquing facilities in support drilling rig “Ocean Guardian” operations.
Tuesday, February 1st 2011 - 17:53 UTC
Falklands’ Desire with sufficient funds for oil drilling round and 3D surveying

Falkland Islands Desire Petroleum announced Tuesday it has sufficient funds to complete the programmed round of six well drillings, additional 3D seismic surveying and demobilization costs at the end of the campaign.
Tuesday, February 1st 2011 - 13:37 UTC
World’s richest man says it is the right moment to invest in Latin America

Mexican telecommunications tycoon Carlos Slim announced plans to invest 8.3 billion US dollars this year in 19 countries where his companies have interests and underlined that given the international scenario, it is the right moment to invest in Latin America: “whoever doesn’t will be left behind”.
Sunday, January 30th 2011 - 21:16 UTC
Work Gets Underway on Amazonian Hydro Project

Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.
Sunday, January 30th 2011 - 21:02 UTC
Chinese Mega City For 42 Million People

Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people
Thursday, January 27th 2011 - 12:28 UTC
Rockhopper executives in the Falkland Islands

Representatives from Rockhopper Exploration are visiting the Falkland Islands this week. The company took over the rig Ocean Guardian from Desire on completion of their well, and Rockhopper’s well 14/10-3 (Sea Lion North) was spudded on January 13.