Investments

Investments
Wednesday, December 17th 2014 - 12:59 UTC

Uruguay receives IDB credit to boost investment in renewable energies

A common sight in top hills of Uruguay, a display of wind turbines

As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.

Wednesday, December 17th 2014 - 07:27 UTC

YPF money helps Repsol by over Canadian Talisman

Argentina's Economy Minister Axel Kicillof negotiated the expropiation of YPF, which helped Repsol finance the takeover of Canada's Talisman.

The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.

Saturday, December 13th 2014 - 04:37 UTC

Brazil confident since pre-salt oil is profitable 'even at 60 dollars a barrel'

“I don't know of any pre-salt project that cannot resist the 70 dollar or even the 60 dollar mark” said Ms Chambriard

The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.

Friday, December 12th 2014 - 21:49 UTC

Dutch oil platform leasing company cutting 11% of global workforce

“Although we regret losing some of our colleagues, we believe these steps are necessary to deliver value to our stakeholders”, CEO Bruno Chabas said

Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11% of its global workforce, as part of a cost-saving program.

Thursday, December 11th 2014 - 12:04 UTC

Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

“In March 2015 the first of three annual phases for development of the La Amarga Chica bloc in Neuquen province will begin,” the statement said.

YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.

Tuesday, December 9th 2014 - 07:18 UTC

Chile plans to build a new icebreaker and has earmarked an initial 150 million

Chile's current icebreaker “Almirante Oscar Viel” is coming to the end of its service life. Built in 1969 it belonged to the Canadian Navy

Chile is planning a strong expansion of its Antarctic and maritime support vessels as well as a major repair yard, according to a recent pledge by President Michelle Bachelet during the opening of the Exponaval and Trans-Port exhibitions in Valparaiso and Viña del Mar.

Tuesday, December 2nd 2014 - 05:42 UTC

First Sea Lord and Royal New Zealand Navy chief at Chilean maritime Expo

The ExpoNaval in Viña del Mar has 140 exhibitors from the naval and maritime industries and representatives from 80 countries

Beginning on Tuesday and until Friday the Chilean port of Viña del Mar will host the ninth edition of the very successful ExpoNaval, which besides its emphasis on naval defense, for the fourth time running will be combined with a maritime and port exhibition: Trans-Port 2014.

Saturday, November 29th 2014 - 07:11 UTC

IDB loan for Uruguay to promote quality investments and exports

The program will support Uruguay's efforts to consolidate a series of wide-ranging sector reforms aimed at boosting policies to attract investment.

The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.

Friday, November 28th 2014 - 06:17 UTC

Griesa rejects payment request from investors holding Argentine bonds in Euros

“I cannot make more exceptions” said Griesa and ordered that the payment of interest for those bonds remain frozen in the Bank of New York Mellon.

US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.

Tuesday, November 25th 2014 - 22:59 UTC

Falklands experience in energy projects attracts strong interest in Latam conference and Chile

Engineer Glenn Ross was a special guest speaker at the renewable energy conference, RELACCX held last week in Puerto Rico

The Falkland Islands experience in implementing energy projects, both conventional and wind farms was shared with the attendants of the recent RELACCX (Renewable Energy Latin America and Caribbean Conference and Exhibition) event, held in Puerto Rico, and where Falklands' engineer Glenn Ross was an invited speaker.

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