Investments

Investments
Monday, November 21st 2011 - 14:31 UTC

Falkland Oil and Gas begins drilling in the second quarter of 2012

The Leiv Eiriksson rig will take 60 days from Greenland to the Falklands

Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.

Monday, November 21st 2011 - 03:52 UTC

Chile opens ferry line linking Punta Arenas with Puerto Williams

The 8.5 million dollars “Yaghan” equipped with four engines docked in Puerto Williams

The new ferry that links extreme south ports of Chile was officially presented in Puerto Williams and is already fully operational ahead of the summer season.

Friday, November 18th 2011 - 05:27 UTC

Peugeot and GM Argentina promise not to remit dividends for two years

Cristina Fernandez at the launching of a new Peugeot model 308

The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

Wednesday, November 9th 2011 - 07:24 UTC

MPs visiting Falklands commit support to help with Argentine “blockade” situation

MPs Mark Francois; Philip Dunne; FIGO’s Representative in London Sukey Cameron (MBE); Ian Murray and Gemma Doyle in Stanley

British members of parliament visiting Falklands say UK will keep diplomatic channels with Argentine open, but will pursue other options for communications and trade

Friday, November 4th 2011 - 08:39 UTC

South African group awarded contract to build St Helena international airport

“Momentous news for St. Helena”, said Governor Mark Capes

The St Helena Government this week entered into a contract with South Africa’s Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation.

Friday, November 4th 2011 - 08:31 UTC

‘Ocean Guardian’ oil rig leaves Falkland Islands waters by March 2012.

‘Toisa Intrepid’ and ‘Toisa Sonata 2’ will be supporting the Leiv Eiriksson in the South Atlantic

The Ocean Guardian oil rig is Falkland Islands waters since February 2010 prepares to leave the Islands in early 2012 for a contract with another operator.

Thursday, November 3rd 2011 - 08:03 UTC

Desire Petroleum plc Press Release

The Ocean Guardin can be utilise by Desire until the end of the contract

Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, announces that the rig contract with Diamond Offshore Drilling (UK) Ltd for use of the drilling unit the Ocean Guardian for operations in the North Falkland Basin has been amended.

Wednesday, November 2nd 2011 - 03:53 UTC

LAN and TAM move ahead with merger to be completed in early 2012

The new airline, LATAM will be among the world to ten

Chilean flag-carrier LAN SA and Brazil's TAM SA have unveiled senior management changes as their plan to merge advances. The merger is expected to be completed in the first quarter, and will see the two airlines taken over by a new holding company, LATAM Airlines Group, the companies said in a statement.

Saturday, October 29th 2011 - 03:42 UTC

Falklands’ Desire Petroleum shows report confirming prospectivity of its licences

Chairman Stephen Phipps anticipates the drilling of at least one more well in the current campaign

Falkland Islands oil explorer Desire petroleum unveiled Friday a new competent person's report (CPR), which it hailed as confirmation of the “prospectivity” of its licences.

Friday, October 28th 2011 - 04:56 UTC

IDB loan to promote tourism destinations and activities along the River Uruguay

Natural thermal baths in Salto and Paysandú

The Inter-American Development Bank (IDB) approved a loan for 5 million dollars to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.

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