Investments
InvestmentsDesire signs ‘letter of intent’ for Falklands drilling campaign
Desire Petroleum plc the exploration company focusing on the North Falkland Basin, has announced that it has exchanged a letter of intent with Diamond Offshore Drilling (UK) Ltd for the drilling unit the Ocean Guardian to undertake a four well minimum drilling campaign in the North Falkland Basin.
Repsol praises Brazil’s legal and fiscal stability for the oil industry
Spain’s oil corporation Repsol-YPF CEO Antonio Brufau praised Brazil for its stability and clear rules of the game for the hydrocarbons industry. Brazil which holds huge reserves of offshore sub-oil this week announced a plan to reinforce control over the new deposits.
US increases arms sales and share of world market in 2008
United States not only increased its arms sales by nearly 50% last year but its share of world weapons sales also rose to more than two-thirds despite the global economic downturn, a newspaper reported Monday.
Brazil’s begins process for the construction of a 510 kilometres “bullet train”
The Brazilian government officially established this week a maximum timetable of six years for the construction of the high speed train, HST, planned to link the country’s main populated corridor which includes, Sao Paulo, Campinas and Rio do Janerio.
Four state-of-the-art Post Panamax portico cranes arrive in port of Montevideo
The Port of Montevideo has taken delivery of four state-of-the-art portico cranes, giving it the most advanced equipment of its type in Latin America and marking a further step in the effort to position it as the region’s leading seaport, the port operations company said.
Spanish company wins contract for Panama Canal third set of locks
Work began Wednesday on a new set of locks to allow giant cargo vessels to pass through the inter-oceanic Panama Canal, according to the group leading the project.
High-speed railway project to link Scotland with London
Britain’s Network Rail has proposed a new £34 billion high-speed railway line linking Scotland and London by 2030. The line would serve Birmingham and Manchester, getting passengers from Glasgow to London in just two hours and 16 minutes, the rail firm said. It rejected several alternative routes, including the east of England.
US couple picks Uruguay for their property investment
US-based entrepreneur Steve Bowman and his wife, Chris, looked in Panama and researched other tropical locales before they bought property in Piriápolis, Uruguay’s old resort town, 18 months ago. Their reasons for choosing Uruguay included the country’s stability and relatively unspoiled coastline, as well as the friendly people.
Rio Tinto selling assets to trim debt burden
Rio Tinto has agreed to sell four business units of its Alcan aluminium subsidiary for 2 billion US dollars as it seeks to trim its debt burden further. The Anglo-Australian mining giant is selling the four packaging businesses to Australian group Amcor.
Clear and reliable rules of the game, Uruguay’s main asset
Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.
