Colombian state controlled energy company Ecopetrol S.A. has announced its investment plan for 2010, totalling $6.93 billion, an increase of 11% compared to 2009.
93% of the proposed investment will be concentrated in Colombia, with the remaining 7% earmarked for exploration and production projects in the U.S. Gulf Coast, Brazil & Peru.
Investments in exploration [...]
Brazilian state controlled energy giantPetrobras has announced plans to invest US$1bn in it’s Peruvian operations from 2010-2013.
According to a report from Peruvian news agency Andina report, Petrobras’ CEO José Sergio Gabrielli said investment will be focused on exploration & production activities in blocks which the Brazilian oil major already operates in Peru.
Petrobras’ five-year strategic plan foresees investments outside [...]
With the Copenhagen Climate summit looming before us, we thought that this short video on the impact of developed nations decision making has on emerging markets economies is worth 5 minutes of your time.
Cleantech Financier calls current carbon treaty system “aparthied” from Ann Danylkiw on Vimeo.
India is still bullish on gold. This was evident when reports said India’s Reserve Bank is still in talks with the International Monetary Fund (IMF) to buy another 200 tonnes of gold which the international body is ready to dispose of to fund development projects.
Earlier this month, India bought 200 tonnes of gold from the [...]
Tata Communications, one of India’s leading companies & one of the largest converged telecoms operators globally has signed strategic partnership agreements with several of the major telecommunications operators in the Middle East to construct a new cable system in the Gulf.
The new cable will connect the region directly to the [...]
Siemens expects to win new orders of around €15 billion in the next three fiscal years 2010 until 2012, which will be generated by government stimulus programs already announced around the world.
Green technologies are expected to account for 40% or approximately €6 billion of this total, which will significantly increase the share of the [...]
Paris based Alcatel-Lucent has made a succesful bid to be included in what is one of the largest LTE trials to date, with Singapore Telecoms.
Alcatel-Lucent (NYSE: ALU) has been selected as one of the vendors by SingTel for its Long Term Evolution (LTE) trial, which kick off in the first half of 2010. [...]
Since the opening up in the mid-1990s, uranium exploration in Mongolia by international companies has not been subject to any clear national policy or close regulation.
In the last few years, however, the Government has sought to exercise more control over the whole mining sector and earlier this year it set up MonAtom to undertake [...]
New figures from the Chinese Ministry of Commerce show that the country has extended it’s FDI growth streak to three months, with 5.7% year on year growth recorded for the month of October to $7.1Bn.
Shanghai, Shenzen & Hong Kong all rallied comprehensively on the news today, with Shanghai recording a 2.75% rise, [...]
Vale has taken another step towards more sustainable energy use as the Brazilian mining giant has announced a partnership with Biopalma da Amazônia S.A. to produce palm oil, which will be used to make biodiesel, in the northern-central region of Pará State, Brazil.
The consortium will be the biggest producer of palm oil in the Americas, [...]