Investments

Friday, September 17th 2010 - 20:43 UTC
Rockhopper declares Falklands’ oil discovery will be commercially viable

Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.
Friday, September 17th 2010 - 06:30 UTC
Chinese oil company after BP’s stake in Argentina’s Pan American Energy

CNOOC, Ltd, China’s biggest offshore oil explorer, may bid 10.2 billion USD for BPs 60% stake in Argentina’s Pan American Energy LLC and will probably seek a partner in the acquisition, Citigroup Inc. said.
Thursday, September 16th 2010 - 02:36 UTC
Gold surges to a new all time high of 1.274,75 per ounce

The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.
Monday, September 13th 2010 - 22:06 UTC
Argos confirms Falklands’ waters exploratory oil drilling for second half of 2011

In the first six months of 2010 Falkland Islands based Argos Resources has made significant progress in developing its PL001 Licence in the North Falkland Basin, to anticipate it will begin an exploratory hydrocarbons drilling campaign in the second half of 2011.
Monday, September 13th 2010 - 20:33 UTC
Falklands’ Desire ‘exited’ about prospects plans to drill four more wells

Falkland Islands Desire Petroleum (AIM-DES) is upbeat about the prospects for finding major reserves of oil offshore the Islands despite mixed results so far and revealed plans to further drill four wells in the North Falkland basin.
Saturday, September 11th 2010 - 18:39 UTC
Uruguay’s definitive iron-ore feasibility project to be completed by mid-2011

Swiss-based iron ore mining start-up Zamin Ferrous through its Brazilian affiliate is finishing the drilling stage of an iron-ore project in Valentines, Uruguay, and expects to complete its “definitive” feasibility study by mid-2011.
Friday, September 10th 2010 - 04:21 UTC
Falklands’ first local television station ready to begin broadcasting

The Falkland Islands first local television station will soon be broadcasting to the Islands. KTV and Stanley Services Limited have announced the creation of a new Company called Falkland Islands Television Limited (FITV) which will broadcast locally produced news programs.
Thursday, September 9th 2010 - 22:52 UTC
Forbes: Chile, Peru, Colombia, best countries for business in Latin America

Chile, Peru, Colombia are listed among the Best Countries for Business according to a ranking from the US Forbes magazine which includes 129 countries taking into consideration several indexes: GDP growth, GDP/capita, trade balance, population and budget affairs.
Tuesday, September 7th 2010 - 05:45 UTC
Flow tests begin to probe commerciality of Falklands’ oil discovery

The North Falkland oil and gas exploration company Rockhopper Exploration plc (AIM: RKH) announced Monday that the Ocean Guardian drilling rig is on location at the Sea Lion prospect where oil was discovered in a drilling last April/May. Operations now are concentrated on the flow test of the Sea Lion main and lower fans.
Monday, September 6th 2010 - 05:26 UTC
UN calls for the collective global protection of oceans

Highlighting the centrality of the marine environment to human well-being, Secretary-General Ban Ki-moon stressed the collective global responsibility to protect the world’s oceans.