Investments

• Tuesday, March 16th 2010 - 04:58 UTC

  Rio Tinto/Alcan presents project for 2.5bn aluminium smelter in Paraguay

  

  Rio Tinto Alcan, a unit of global mining giant Rio Tinto formally presented on Monday plans to invest 2.5 billion US dollars in an aluminium smelter in Paraguay, according to corporation and Asuncion sources.

• Monday, March 15th 2010 - 11:16 UTC

  Chinese oil firm buying 50% stake in Argentine group

  

  China National Offshore Oil Corporation (CNOOC) is paying $3.1bn (£2bn) for a 50% stake in Argentine oil and gas group Bridas Corporation. Cnooc Ltd.,

• Friday, March 12th 2010 - 00:59 UTC

  BP gets a hold of Brazil’s oil potential buying out US Devon Energy

  

  British Petroleum has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for 7 billion US dollars, as the US producer refocuses on onshore US fields.

• Tuesday, March 9th 2010 - 22:33 UTC

  Russian company sets up sturgeon farm in Argentina to produce caviar

  

  The Russian company Sturgeon & Caviar is set to begin in coming weeks the production of caviar in the Argentine northern province of La Rioja according to local government sources.

• Friday, February 19th 2010 - 00:17 UTC

  China investing heavily in long term supply resources projects in Latinamerica

  

  China’s voracious appetite for Latinamerican commodities is turning into a great opportunity for companies in the region not only because of the huge market but also as a great financial source.

• Monday, February 15th 2010 - 06:35 UTC

  World’s largest cargo aircraft lands in Sao Paulo

  

  The world’s largest cargo aircraft and the largest fixed-wing, Russia’s Antonov AN 225 landed over the weekend in one of Sao Paulo’s airports, Guarulhos loaded with equipment for Brazil’s oil and gas government managed corporation Petrobras.

• Saturday, February 13th 2010 - 07:30 UTC

  Chevron and Repsol will lead development of Orinoco tar sands

  

  Chevron and Repsol YPF SA will lead development of two 15 billion US dollars projects to pump and refine Venezuelan crude after winning the country’s first oil auction since President Hugo Chavez took office 11 years ago.

• Friday, February 12th 2010 - 19:37 UTC

  Falkand Islands: Seismic contractor moves in on unlicensed acreage

  

  AS the Ocean Guardian oil rig is scheduled to arrive in Falklands waters next week, a UK-registered start-up seismic contractor is aiming to carry out a speculative 6,000km multi-client 2D shoot on unlicensed acreage in Falklands waters.

• Friday, February 12th 2010 - 04:38 UTC

  Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

  

  Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.

• Friday, February 12th 2010 - 04:29 UTC

  Uruguayan president elect captivates audience of Argentine businesspeople

  

  Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.