Investments
InvestmentsLAN and TAM ready to become Latam’s largest airline
Chile's flag carrier LAN expects its planned merger with Brazil's TAM to clear regulatory hurdles and take flight in mid-2011, a top executive of the Chilean airline said in a radio interview on Friday.
Bolivia announced plans to invest 1.7 billion in the energy industry next year
Bolivia plans to invest 1.73 billion US dollars in the energy industry in 2011, focusing on gas to ensure adequate production to supply Argentina and Brazil, as well as the domestic market, the head of state-owned oil company YPFB, Carlos Villegas, said.
LAN confirms Latam record order for 50 medium-hauls A320 airliners
European aircraft manufacturer Airbus said Tuesday it had received a firm order from Chilean carrier LAN for 50 medium-haul A320 airliners, which at catalogue prices would be worth more than 4 billion dollars. Airbus said the LAN commitment was the manufacturer's largest single aircraft order ever recorded in Latin America.
Chile’s state oil company looking for associates to drill in Tierra del Fuego
Chile's state oil firm ENAP is seeking joint ventures with foreign companies to explore for crude and gas at five blocks in the country's extreme south region and has invited over twenty corporations to participate, announced the company.
Falklands’ Rockhopper plans two new wells and is discussing a “Discovery Area”
The Falklands Rockhopper Exploration (AIM: RKH) exploration company ratified Monday its full commitment to oil exploration in the Islands waters on announcing an agreement to increase the number of drilling options, further 3D seismic surveying and discussions with the Falklands’ government for the declaration of a Discovery Area where it stuck oil earlier this year.
Falkland Islands: Desire Petroleum plc, Operation Update
Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update.
Canada’s Nova Scotia bank takes over RBS in Chile
Chilean regulators approved last week the acquisition by Canada’s Bank of Nova Scotia (BNS) of the The Royal Bank of Scotland, and associate companies following on the agreement signed last September.
Fiat targeting a production of over a million cars in Brazil
Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.
Spanish fish industry plan to renew high seas fleet but needs soft, long term loans
Seven Spanish fishing companies from Vigo that make up the Association of Fishing Communities and Joint Ventures (Acemix) plan to invest an estimated 120 million Euros in new ships to renew their fleet operating in third countries among which Namibia, Argentina, Senegal and the Falkland Islands.
Chinese company takes over Occidental petroleum assets in Argentina
China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of US-based Occidental Petroleum Corp's oil and gas assets in Argentina for 2.45 billion US dollars, marking the energy giant's first foray into the upstream market in Argentina.
