Investments

• Tuesday, December 15th 2009 - 14:20 UTC

  Brazil, Peru plan to build five hydroelectric dams in the Amazon

  

  Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity

• Tuesday, December 15th 2009 - 14:12 UTC

  Rio Tinto Alcan planning a 2.5 billion USD aluminium smelter in Paraguay

  

  Rio Tinto Alcan, a unit of global mining giant Rio Tinto said on Monday it could invest up to 2.5 billion US dollars in a potential aluminium smelter in Paraguay. Rio Tinto Alcan said it had begun negotiations on a possible power purchase agreement for the potential smelter.

• Tuesday, December 15th 2009 - 08:05 UTC

  Exxon-Mobil buys Texas gas producer for 41 billion US dollars

  

  US oil giant Exxon Mobil is buying natural gas producer XTO Energy in a deal worth 41 billion US dollars. XTO Energy, based in Texas, is an on-shore natural gas producer. The deal includes 10 billion of debt from XTO.

• Thursday, December 10th 2009 - 13:10 UTC

  Desire Petroleum plans extra well in Falklands and makes £ 20 million share-issue

  

  Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.

• Thursday, December 10th 2009 - 11:40 UTC

  Early next year Petrobras begins oil seismic surveying offshore Uruguay

  

  Petrobras begins seismic surveying offshore Uruguay in early 2010 and will keep its level of investments in Argentina as part of the Latinamerica expansion policy of the Brazilian government managed oil and gas corporation.

• Thursday, December 10th 2009 - 11:36 UTC

  Construction of Stora Enso pulp mill in Uruguay is further delayed

  

  Finaland’s Stora Enso, Europe’s largest paper and forest products’ company said Wednesday that the decision whether to construct a pulp mill in Uruguay could take “well over a year”.

• Tuesday, December 8th 2009 - 01:41 UTC

  Desire Petroleum presents EIA Addendum to Falklands’ government

  

  Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.

• Tuesday, December 1st 2009 - 12:51 UTC

  Falkland Islands Holdings nets £ 3.1 million with FOGL shares sale

  

  Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.

• Friday, November 27th 2009 - 08:57 UTC

  Falklands’ exploratory oil drilling season takes off

  

  Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.

• Friday, November 27th 2009 - 08:43 UTC

  Ecuadorean oil in exchange for Chinese credits, cooperation and war planes

  

  Ecuador and China signed this week three cooperation agreements worth 442 million US dollars including a loan to buy four warplanes, announced the Ecuadorian government. The two countries are also planning joint operations in developing oil fields in the Amazon zone.