Investments
InvestmentsFalkland Oil and Gas begins drilling in the second quarter of 2012
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.
Chile opens ferry line linking Punta Arenas with 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.
Peugeot and GM Argentina promise not to remit dividends for two years
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.
MPs visiting Falklands commit support to help with Argentine “blockade” situation
British members of parliament visiting Falklands say UK will keep diplomatic channels with Argentine open, but will pursue other options for communications and trade
South African group awarded contract to build St Helena international airport
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.
‘Ocean Guardian’ oil rig leaves Falkland Islands waters by March 2012.
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.
Desire Petroleum plc Press Release
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.
LAN and TAM move ahead with merger to be completed in early 2012
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.
Falklands’ Desire Petroleum shows report confirming prospectivity of its licences
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.
IDB loan to promote tourism destinations and activities along the River Uruguay
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.
