Investments

Saturday, May 22nd 2010 - 07:01 UTC
Chinese company buys 40% stake in Brazil offshore field

Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash according to a joint release this week.
Friday, May 21st 2010 - 02:25 UTC
Spanish bank takes leading position in Uruguay’s private financial sector

One of Spain’s largest bank BBVA is waiting for the final approval from Uruguay’s central bank to disburse 100 million US dollars for the acquisition of France’s Credit (Agricole) Uruguay said Vicente Rodero BBVA director for Latinamerica.
Friday, May 21st 2010 - 02:09 UTC
Fourth oil company confirms Falklands’ exploratory drilling early 2011

British oil exploration company Borders & Southern Petroleum (BOR) announced Thursday the launching of its exploration campaign in Falkland Islands waters at the start of next year.
The decision was taken after the AIM listed company raised 184 million US dollars.
Thursday, May 20th 2010 - 02:55 UTC
New Delhi encouraging Indians to purchase farmland in Latinamerica

New Delhi is encouraging Indians to buy farmland in Latin American countries and grow crops to help reinforce food security, reports the Hindustan Times. The Indian Foreign Office is working on a policy framework to promote such an initiative with the purpose of shipping the produce back, thus addressing difficult years of drought.
Monday, May 17th 2010 - 05:20 UTC
Uruguay among the most positive minded countries of the region

Uruguay has turned into one of the most optimistic country of the region according to the 2009 Governance Barometer which assesses perceptions and prospects of the population in 21 countries of Latinamerica and the Ibero-America (Spain and Portugal).
Saturday, May 15th 2010 - 04:16 UTC
China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.
Saturday, May 15th 2010 - 04:14 UTC
Tata Group Land Rover Sales Almost Doubles in April

Land Rover's global sales almost doubled last month, with demand for the 4x4 vehicles growing strongly as the world economy recovers.
Saturday, May 15th 2010 - 03:09 UTC
NZ oil company operating in Chilean Tierra del Fuego strikes gas

An affiliate of New Zealand’s Greymouth oil company, PetroMagallaes announced this week the discovery of hydrocarbons in two prospects in Chilean Tierra del Fuego. The prospects are in Caupolican blocks, belonging to what are known as the Springhill formation.
Monday, May 10th 2010 - 18:44 UTC
Falklands’ Oil Discovery Announcement Has Rockhopper Shares up 32% Monday

Shares in Rockhopper Exploration (LON:RKH) soared by 32% on Monday morning, after the latest results of its Sea Lion oil discovery in the Falkland Islands suggested a good quality reservoir.
Saturday, May 8th 2010 - 01:23 UTC
Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers.