Investments

Investments
Monday, March 30th 2015 - 09:34 UTC

Carnival and associates to incorporate nine new cruise vessels by 2022

Carnival Corporation signed this week two strategic memorandums that will add nine new cruise ships to the company’s fleet over a four-year period

Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri and Meyer Werft to each build next-generation cruise ships for Carnival Corporation through two separate, long-term partnerships, reports Maritime Link.

Monday, March 30th 2015 - 06:58 UTC

Falklands' oil industry advances despite the fall in oil prices, according to FT

Sam Moody insists that a smaller scale plan at Sea Lion with an initial outlay of 1.8bn dollars or less, could guarantee the beginning of production before 2020”.

A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.

Thursday, March 26th 2015 - 14:41 UTC

Falklands' main import trading partner is the UK with 87% of all goods

The value of imported services was approximately £260 million in 2012 with support services to oil and gas extraction making up £167 million of the figure.

The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' “State of the Economy”.

Wednesday, March 25th 2015 - 07:07 UTC

Falklands' economy performance impressive, although volatile and vulnerable

Oil was discovered in 2010 on the Sea Lion field and production for the world markets is currently planned for 2019.

The Falkland Islands economy has witnessed impressive, although volatile, growth in recent years with unemployment rates low enough to be the envy of most countries in the world and the government is free of debt, according to the latest “State of the Economy” released by the Falklands Policy Unit.

Friday, March 13th 2015 - 13:24 UTC

Brazil's meats giant JBS plans no further acquisitions; about 80% of debts in dollars

“Last year we made the decision to be 100 percent hedged. We paid a heavy price at the beginning of the year ... but we had the right strategy,” Batista said.

Brazilian meats giant JBS SA plans to focus on Australia, U.S. pork operations and its processed foods division under a 2015 strategy focused on “organic expansion” rather than acquisitions, CEO Wesley Batista said on Thursday, and estimated that between 2.5 billion to 3 billion reais (806 million/967 million dollars) in capital investment will be needed this year to support the strategy.

Monday, March 9th 2015 - 23:32 UTC

St Elena's airport will receive its first airplane test landing next July

A few years ago the British government decided to build an international airport, a calling point for air bridges to the south.(Pic. St. Helena online)

The very first airplane landing on St Helena’s new airport is due to take place in July, seven months before the target date for its completion. St Elena is situated in the middle of the Atlantic, and besides being a volcanic island is world famous since Napoleon was kept under arrest by the British until his death.

Friday, March 6th 2015 - 22:08 UTC

Falklands oil drilling campaign takes off with spudding on the Zebedee prospect

Drilling, coring and logging operations on the Zebedee well are expected to take 30 days. Cost of each well drilled by Eirik Raude rig is estimated in 50m dollars

Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies with varying geological chances of success (GCoS) of 9-52%.

Friday, February 27th 2015 - 05:29 UTC

Falklands oil rig arrives and readies to begin six-well drilling campaign

Two of the rig’s three supply vessels are in the Falklands along with three support helicopters

The semi-submersible oil rig oil rig Eirik Raude entered Falkland Islands waters to the north this week and has already been served by supply vessels and undergone a crew change operation. The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy.

Monday, February 16th 2015 - 21:50 UTC

Falklands begins consultation on oil impact on society and local culture

The overall aim is to provide a detailed understanding of the many different ways that oil and gas developments could affect the daily lives of Falkland Islanders

Falkland Islands will this month begin to grapple with the big questions about how oil and gas development will impact on their society and culture. The start of a series of focus groups run as part of the Social Effects Monitoring Programme study, led by Regeneris Consulting, and Falkland Island partners Karen Lee and Carolyn Montgomerie, reports the Penguin News in its latest edition.

Monday, February 16th 2015 - 08:51 UTC

Germany urges Brazil with an EU/Mercosur trade agreement

President Rousseff and minister Steinmeier after their meeting in Brasilia

Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement