Investments

Investments
Monday, November 24th 2014 - 10:26 UTC

Largest crane ship capable of lifting oil rigs delivered in Korea

The vessel is 124m wide and 382m long, as long as the Empire State Building is high. Designed to assist offshore oil rigs, it cost around 2.97bn dollars to build.

The world's largest crane ship, which is capable of lifting oil rigs, has set sail from its shipyard in South Korea for Rotterdam Port in the Netherlands. The Pieter Schelte, which left South Korea last week is due to arrive at the port for completion in December.

Monday, November 24th 2014 - 07:14 UTC

Brazil's JBS purchases leading ham and bacon supplier in Australia

The deal represents an “outstanding opportunity to expand our business in Australia”, a major meat exporting country, said JBS CEO Batista

Brazil's JBS, the world's biggest meat group, beefed up its growth in Australia with the 1.25bn dollars purchase of Primo Smallgoods Group. JBS said that through its JBS Australia business, it had paid Aus$1.45bn in cash for the supplier of the likes of ham and bacon to Oceania.

Saturday, November 22nd 2014 - 06:47 UTC

Falklands construction booming: permission for second 80 bedroom hotel

The second 80 bedroom employees hotel will cater to the needs of the workers in the next oil exploration drilling round, including access and related services.

Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.

Saturday, November 22nd 2014 - 05:49 UTC

US Senate grills banks accused of 'unfair' trading practices with commoditisers

“If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities”, said Senator Carl Levin

Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.

Friday, November 21st 2014 - 21:16 UTC

Falklands opens dock facility to support oil industry exploration beginning 2015

Ms. Cunningham is on her second visit to the Falklands, having first visited in March, before the dock “Nobel Frontier” arrived under tow from New Orleans (Pic Houston Ch)

This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.

Friday, November 21st 2014 - 06:59 UTC

Potential of US offshore oil and gas, according to American Petroleum Institute

Eastern Gulf of Mexico, the Pacific OCS and the Atlantic OCS are currently almost entirely off-limits to offshore oil and gas development

Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

Thursday, November 20th 2014 - 04:55 UTC

World largest containership (19.000 TEU) belongs to China and was built in Korea

World largest containership (19.000 TEU) belongs to China and was built in Korea

The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. Named CSCL Globe, it is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels.

Wednesday, November 19th 2014 - 09:42 UTC

Chevron begins oil and gas production at Tubular Bells, in the Gulf of Mexico

“The deepwater Gulf of Mexico plays a significant part in our earnings and production growth” said George Kirkland, from Chevron Corporation.

Chevron Corporation announced on Tuesday that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 217 km southeast of New Orleans, in approximately 1,310 m of water in the Mississippi Canyon area.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 18th 2014 - 06:12 UTC

China and Brazil confirm closer trade and investment ties

Rousseff said Brazil hopes to enhance cooperation with China in such areas as oil and gas, new energy, satellite and information technology

Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.

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