Investments

Investments
Thursday, December 11th 2014 - 12:04 UTC

Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

“In March 2015 the first of three annual phases for development of the La Amarga Chica bloc in Neuquen province will begin,” the statement said.

YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.

Tuesday, December 9th 2014 - 07:18 UTC

Chile plans to build a new icebreaker and has earmarked an initial 150 million

Chile's current icebreaker “Almirante Oscar Viel” is coming to the end of its service life. Built in 1969 it belonged to the Canadian Navy

Chile is planning a strong expansion of its Antarctic and maritime support vessels as well as a major repair yard, according to a recent pledge by President Michelle Bachelet during the opening of the Exponaval and Trans-Port exhibitions in Valparaiso and Viña del Mar.

Tuesday, December 2nd 2014 - 05:42 UTC

First Sea Lord and Royal New Zealand Navy chief at Chilean maritime Expo

The ExpoNaval in Viña del Mar has 140 exhibitors from the naval and maritime industries and representatives from 80 countries

Beginning on Tuesday and until Friday the Chilean port of Viña del Mar will host the ninth edition of the very successful ExpoNaval, which besides its emphasis on naval defense, for the fourth time running will be combined with a maritime and port exhibition: Trans-Port 2014.

Saturday, November 29th 2014 - 07:11 UTC

IDB loan for Uruguay to promote quality investments and exports

The program will support Uruguay's efforts to consolidate a series of wide-ranging sector reforms aimed at boosting policies to attract investment.

The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.

Friday, November 28th 2014 - 06:17 UTC

Griesa rejects payment request from investors holding Argentine bonds in Euros

“I cannot make more exceptions” said Griesa and ordered that the payment of interest for those bonds remain frozen in the Bank of New York Mellon.

US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.

Tuesday, November 25th 2014 - 22:59 UTC

Falklands experience in energy projects attracts strong interest in Latam conference and Chile

Engineer Glenn Ross was a special guest speaker at the renewable energy conference, RELACCX held last week in Puerto Rico

The Falkland Islands experience in implementing energy projects, both conventional and wind farms was shared with the attendants of the recent RELACCX (Renewable Energy Latin America and Caribbean Conference and Exhibition) event, held in Puerto Rico, and where Falklands' engineer Glenn Ross was an invited speaker.

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.

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