Investments

Investments
Tuesday, May 5th 2015 - 06:34 UTC

Brazil pledges rule changes to make oil exploration and production concessions more dynamic

“We need to adjust policies because the economy is so dynamic,” minister Braga told reporters at the Offshore Technology Conference in Houston.

Brazil's government is discussing changes to its oil regulations but any new rules will not be in place before an October auction of exploration and production concessions, the country's energy minister Eduardo Braga said on Monday.

Tuesday, April 28th 2015 - 05:38 UTC

Australia intercepts and boards the fishing vessel 'Perlon', from the IUU list

During the Perlon boarding, officers observed a significant quantity of frozen fish in storage, suspected to be toothfish, and to have been caught illegally.

Australia has intercepted in the Southern Ocean the fishing vessel Perlon, believed to have been operating under a false flag in defiance of international conventions, according to an official report from the Ministry of Immigration and Border Protection.

Saturday, April 25th 2015 - 06:04 UTC

Falklands' oil drilling at Isobel Deep suspended two weeks because of a technical problem

FOGL said that the problem was detected after the rig set a 13⅜-in. casing, performed at a water depth of 1,274m, located on license PL004a.

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem, two of the companies involved said on Friday.

Friday, April 24th 2015 - 07:51 UTC

Russia and Argentina agree on an “all-encompassing strategic partnership”

“The memorandums are a massive breakthrough for economic relations between Russia and Argentina”, said Putin next to Cristina Fernandez

Russia and Argentina signed agreements which amounted to an “all-encompassing strategic partnership” during Argentine President Cristina Fernandez visit to Moscow, which ended on Thursday with the meeting at the Kremlin with her counterpart Vladimir Putin.

Thursday, April 23rd 2015 - 04:50 UTC

Cristina Fernandez invites Russian investors to Argentina; Thursday she meets Putin

Argentina is a country not only of natural resources but also human resources, said Cristina Fernandez, praising the country's recovery since 2001/2002

“Argentina is a country where it is worth investing in and producing, not only because of its natural resources, also because of the human resources we have” said president Cristina Fernández in Moscow on an official visit to Russia. She praised the “recovery of Argentina's flag carrier that allows connectivity among all the zones in the country, not only the richest ones.”

Wednesday, April 22nd 2015 - 05:55 UTC

Gazprom and YPF will sign agreement to develop Argentina shale oil and gas deposits

YPF CEO Galuccio in Moscow to sign a contract on joint exploitation of the rich Vaca Muerta shale oil and gas fields

Argentine energy company YPF CEO Miguel Galuccio is scheduled to sign on Wednesday in Moscow a contract on joint exploitation of shale oil and gas in the rich Vaca Muerta fields of Patagonian province Neuquén. The contract is part of the bilateral agenda to be addressed by visiting Argentine president Cristina Fernandez on Thursday, when she meets with Vladimir Putin.

Wednesday, April 22nd 2015 - 01:58 UTC

Argentina sues Falklands' oil and support companies involved in hydrocarbons drilling

 “Argentina will defend its natural resources,” said Filmus, arguing that the companies are performing illegal acts by drilling near the Islands

The Argentine government on Tuesday sued several energy and support companies that are drilling for oil near the Falkland Islands, the latest chapter of a longstanding dispute over the South Atlantic archipelago, though analysts say it will have little practical effect. The criminal case was filed in Rio Grande, Tierra del Fuego province which according to the Argentine constitution includes the Falklands and Antarctica.

Monday, April 20th 2015 - 23:36 UTC

Hapag-Lloyd orders five 10.500 box-ships to boost South American operations

 Chief operating officer Anthony Firmin said: “This order underlines our leading role in Latin American traffic.”

Germany’s Hapag-Lloyd has clinched a new order for five 10,500 boxships to boost its South American operations. The vessels will be built by Hyundai Samho in South Korea for delivery between October 2016 and May 2017.

Saturday, April 18th 2015 - 10:13 UTC

UK accuses Argentina of bullying the Falklands; it's time they begin acting 'responsibly'

“It is an outrageous piece of bullying and threatening against the Falkland Islanders’ perfect right to develop their own economic resources”, said Fallon

Britain's Foreign Secretary Philip Hammond has accused Argentina of bullying after it announced on Friday in London that it was starting legal action against companies drilling for oil and gas near the Falkland Islands.

Thursday, April 16th 2015 - 08:57 UTC

British team recovers U$S50m trove of silver coins from sunken ship south of St Helena

The SS City of Cairo was torpedoed south of St Helena by a German U-boat and sank to 5,150m. The 100 tons of coins were recovered in the deepest salvage operation in history

A British-led team has recovered a $50m trove of silver coins that has lain on the seabed since the steamship carrying them from Bombay to England was sunk in 1942. The SS City of Cairo was torpedoed 772km south of St Helena by a German U-boat and sank to 5,150m. The 100 tons of coins, recovered in the deepest salvage operation in history, belonged to HM Treasury.

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