Investments

• Friday, July 11th 2014 - 22:28 UTC

  Falklands: Premier looking for a partner to develop the 5bn Sea Lion project

  

  Premier Oil Plc newly appointed Chief Executive Officer Tony Durrant said that one of his priorities is to find a partner to share the 5bn dollar investment to develop the Sea Lion project off the Falkland Islands, because it does not want to become a 'pure Falkland Islands company in five years time'.

• Tuesday, July 8th 2014 - 07:49 UTC

  Falklands' Stanley airport prepares for oil and gas exploratory drilling

  

  With increased exploratory drilling activity anticipated in the Falkland Islands next year, and Stanley airport expected to play a leading role, the Falklands government is investing in additional fire-fighting equipment to meet the needs of the helicopters servicing the rigs.

• Tuesday, July 8th 2014 - 00:08 UTC

  IDB loan to help Uruguay with mathematics and English learning at schools

  

  The Inter-American Development Bank (IDB) has approved a 6 million dollars loan to Uruguay to finance the Plan Ceibal II (digital content), which will help to strengthen mathematics learning by 90,000 primary and middle school students and extend English teaching to half of all 4th, 5th and 6th graders in urban public primary schools.

• Monday, July 7th 2014 - 07:10 UTC

  Lagarde cautious about growth momentum; infrastructure investment needed

  

  Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

• Saturday, June 28th 2014 - 01:46 UTC

  UK Europe minister expected in Gibraltar to witness first hand delays at border crossing to Spain

  

  The Minister for Europe, David Lidington, will visit Gibraltar on Monday 30 June and Tuesday 1 July. The visit will enable the Minister to visit the Gibraltar-Spain border to witness first-hand the continuing delays at the crossing, to hold discussions with HM Government of Gibraltar, and to meet a wide range of the people of Gibraltar.

• Wednesday, June 25th 2014 - 06:22 UTC

  Uruguay's second pulp mill begins production: 1.3million tons annually

  

  Uruguay's second pulp mill Montes del Plata started production this week following an investment of 2 billion dollars, the largest ever in the recent history of the country. The announcement was made by the Chilean-Swedish complex that is running the plant.

• Monday, June 23rd 2014 - 07:29 UTC

  French energy 'jewel' Alstom taken over by General Electric

  

  The board of directors of French power-to-rail group Alstom unanimously approved US conglomerate General Electric's 12.35 billion Euro bid to acquire its energy business.

• Saturday, June 21st 2014 - 09:18 UTC

  German companies warn of consequences from Uruguay/Argentina conflict

  

  The Uruguay-Germany commerce and industry chamber (AHK), expressed its deepest concern over the current tension in relations between Uruguay and Argentina, and warned about the impact on the business climate for the two countries.

• Friday, June 20th 2014 - 06:50 UTC

  Uruguay advances details of third oil and gas bid round Punta del Este basin

  

  Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.

• Wednesday, June 18th 2014 - 08:15 UTC

  Falklands gas condensate discovery shows potential for wider distribution

  

  Borders & Southern Petroleum PLC said on Tuesday that new data on the Darwin gas condensate discovery in the Falkland Islands show the potential for wider hydrocarbon distribution.