Australia's Iron Ore Giant Fortescue Plans 235GW Green Energy Drive
Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.Billionaire Forrest, who turned Fortescue…
Argentina, Russia Ink Uranium Exploration, Production Deal
Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production in the South American country that could include $250 million in investment, Argentina's foreign ministry said on Tuesday. The agreement…
Trafigura Buys Certain Pampa Energia Assets
Commodities trader Trafigura said it has agreed to buy an oil refinery, over 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA. The sale is expected to close in early 2018, Trafigura said in a statement.
BP in South American Venture with Bridas
British oil major BP has agreed to merge its interests in South American oil company Pan American Energy (PAE) with refiner and fuel retailer Axion Energy in a new joint venture with Axion's owner and PAE partner Bridas Corporation.
Petrobras to Shed Paraguay Assets
Brazilian state-controlled oil company Petróleo Brasileiro SA disclosed on Friday the initial terms for a plan to sell the entirety of its operations in Paraguay, according to a securities filing. Petrobras, as the firm is known, is…
Seacor Holdings Posts Q1 Loss of $1.10/Share
SEACOR Holdings Inc.today announced its results for its first quarter ended March 31, 2015, wherein the company experienced losses during this period. The net loss attributable to SEACOR Holdings Inc. was $19.6 million, or $1.10 per diluted share.
President Energy's Update on Lapacho Well
President Energy gave a mid-November update on the progress of the Lapacho well, Chaco Region, Paraguay. The well has been drilled to 4,490m since setting casing at 4,125m. President has previously announced that a light oil/condensate…
President Energy Spuds 1st Well In Paraguay
President announced the spudding of the Jacaranda 1 well, the first deep exploration well drilled in Paraguayan Chaco for almost 30 years. The Jacaranda prospect will test the potential double play system (Cretaceous and Palaeozoic) in the North West Flank of the Pirity Concession…
Floods Kill 10 in Southern Brazil But Rain Easing
Torrential rainfall started on Saturday in the state bordering Paraguay and Argentina, but the sun was shining in most regions by Wednesday, according to Curitiba-based climate institute Simepar. A new cold front will likely bring more…
Wärtsilä enters Paraguayan Inland Market
A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti…
