Thursday, August 27th 2015 - 01:50 UTC

Montevideo to build a 1.000 meter-pier and storage facilities for fishing industry

The project will add 1,000 meters of piers and calls for filling 2.5 hectares, paving, installing a wastewater system, connecting utilities and fuel pumps

Spanish engineering and renewable energy company Abengoa announced it has won a contract to build a new fishing terminal in the port of Montevideo, Uruguay, a contract worth 81 million Euros ($93 million). The terminal will be constructed in Capurro, a district in Montevideo helping to expand the port's capacity, Abengoa said.

Tuesday, August 25th 2015 - 20:09 UTC

Falklands' Humpback exploration well results delayed until September

“Drilling on the Humpback prospect in the South Falkland basin is currently on-going” announced CEO John Martin

Falkland Oil & Gas Ltd told investors that drilling of the deep water Humpback exploration well in South Falkland basin has run into delays. They were described as ‘unforeseen equipment and operational issues’ and it has added just over a month to the schedule – to about 100 days from 65 planned days – so the well results are now expected during September.

Wednesday, August 12th 2015 - 08:06 UTC

Brazil's subsalt could hold enough petroleum to supply the world five years

Brazil's Polygon contains at least 176bn barrels of undiscovered, recoverable resources of oil and natural gas, according to an INOG study

Brazil's Subsalt Polygon, the offshore area that has already yielded some of the world's largest recent oil finds, may hold enough undiscovered petroleum and gas to supply the world's current oil needs for more than five years, researchers said.

Tuesday, August 11th 2015 - 08:06 UTC

Google restructures creating new parent company, Alphabet

Google founder Larry Page said it would create a simpler structure for what had become a diverse group of businesses.

Google has unveiled a surprise restructuring, creating a new parent company called Alphabet Inc. Under the rebranding, Google will retain its best-known businesses, such as search, apps, YouTube and Android.

Saturday, August 8th 2015 - 10:28 UTC

Shell planning to invest billions in Brazil, despite recent purchase of BG group

CEO Ben Van Beurden remains steadfast in his plans to buy BG, which will transform Shell into the world’s biggest liquefied natural gas (LNG) supplier.

Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70bn deal.

Friday, August 7th 2015 - 05:55 UTC

Lan and Tam consolidate under an only brand of Latam Airlines

The changes will “gradually become visible” in 2016, though the company has not announced a timeline for all specific elements.

LATAM Airlines Group will consolidate all its carriers, including Lan Airlines and Tam Linhas Aéreas S.A., into a single brand over the next three years, the company announced Thursday. Since Lan and Tam merged in 2012, they've operated as separate brands, but the parent company's goal has been to provide a carrier that can provide seamless coverage to the entire South American continent.

Wednesday, August 5th 2015 - 08:36 UTC

Milestone for Peregrino field off Brazil: 100 million barrels of oil in four years

”We are pleased to have reached a major milestone in our Peregrino operations,” says Pål Eitrheim, country manager of Statoil Brazil.

After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011. The field, jointly owned by Statoil and Chinese Sinochem, achieved the milestone on August 2.

Tuesday, August 4th 2015 - 09:27 UTC

Bradesco buys HSBC operations in Brazil for 5.2bn dollars

The deal between Bradesco and Europe's largest bank includes the latter's Brazilian retail banking and insurance units.

Brazil's Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.

Monday, August 3rd 2015 - 14:04 UTC

Two new 180.000GT vessels for Costa Cruises powered by liquefied natural gas

Carnival Corporation’s four next-generation cruise ships for Costa Cruises and AIDA Cruises will be the first in the industry to be powered at sea by LNG

Carnival Corporation & plc announced that its Italian brand, Costa Cruises, has placed orders for two new cruise ships powered by liquefied natural gas as part of an agreement with Meyer Werft to build four next-generation cruise ships with the largest guest capacity in the world.

Saturday, August 1st 2015 - 10:23 UTC

China delivers 'green' state of the art 18.000 TEU 'Vasco de Gama'

 Calling 11 different countries, UK-flagged CMA CGM Vasco da Gama is positioned on the CMA CGM Group's French Asia Line joining Europe to Asia.

Shipping group CMA CGM has taken delivery of the new build box ship CMA CGM Vasco de Gama on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel, with its 399 meters length and 54 meters width, is the largest ship in the CMA CGM fleet and the largest containership ever built in a Chinese shipyard.


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