Investments

• Wednesday, July 14th 2010 - 01:59 UTC

  Lula da Silva opens bid for a bullet train on time for the 2016 Summer Olympics

  

  Brazilian President Lula da Silva launched Tuesday the bidding process for the construction of the high-speed rail service between the country’s two largest cities, Sao Paulo and Rio do Janeiro, which should be running by 2016 when Brazil hosts the Olympic Games.

• Tuesday, July 13th 2010 - 21:31 UTC

  Deepwater oil rig needed to drill in Falklands’ southern waters, confirms FOGL

  

  Falkland Oil and Gas (FOGL) will press ahead with its drilling program offshore the Falkland Islands despite reporting that its Toroa F61/5-1 exploration well was dry. However FOGL, which is associated with Anglo-Australian mining giant BHP Billiton, said it will work first towards contracting a deepwater rig.

• Monday, July 12th 2010 - 21:45 UTC

  Danes to invest in Latinamerica’s largest wind farm in northern Chile

  

  The world's largest wind turbine company, Denmark’s Vestas, last week announced it will be investing in the Talinay Oriente wind farm project in northern Chile, a project it says will become Latin America's largest wind farm.

• Friday, July 9th 2010 - 03:57 UTC

  Fifth company, Argos plans to drill for oil off the Falkland Islands says FT

  

  A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.

• Saturday, July 3rd 2010 - 22:43 UTC

  Rockhopper confirms medium grade crude in North Falklands; FOGL to announce South Falklands results

  

  Rockhopper Exploration one of the four companies operating with Falkland Islands government licences reported last Friday that samples from its recent discovery on the Sea Lion prospect in the North Falkland basin have been confirmed as medium grade crude.

• Friday, July 2nd 2010 - 03:32 UTC

  BP Argentine assets on sale to pay for Gulf of Mexico spill; China interested

  

  China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.

• Thursday, July 1st 2010 - 07:26 UTC

  Lula da Silva signs bill for the capitalization of Petrobras

  

  The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.

• Thursday, July 1st 2010 - 07:08 UTC

  Argentina prepares to begin drilling in Malvinas basin in second half of 2010

  

  Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.

• Thursday, July 1st 2010 - 07:03 UTC

  Japanese group secures iron-ore supply with stake in Brazilian steel foundry

  

  Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.

• Monday, June 28th 2010 - 05:35 UTC

  NZ Farming needs 60 million USD to complete dairy investment in Uruguay

  

  New Zealand Farming Systems Uruguay needs to raise about 60 million US dollars to complete the development of the company, says Chairman John Parker. The company was set up to develop dairy-farm operations in Uruguay and floated on the NZX in 2007.