Investments

• Monday, February 14th 2011 - 14:48 UTC

  Rail alternative to the Panama Canal proposed by China to Colombia

  

  A rail alternative to the Panama Canal built by China is being considered by Colombia in a move that would boost trade between Asia and South America. The 220 kilometers 'dry canal' would link Colombia’s Atlantic and Pacific coasts by rail, according to Juan Manuel Santos, the president of Colombia.

• Saturday, February 12th 2011 - 05:17 UTC

  Brazilian shipyard wins Petrobras 4.6 billion contract for seven ultra-deep rigs

  

  Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.

• Friday, February 11th 2011 - 20:06 UTC

  Falklands’ Rockhopper latest well strikes quality reservoir and samples of live oil

  

  A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.

• 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”.