Investments

Investments
Monday, October 12th 2015 - 06:22 UTC

Scioli leads presidential race in Argentina but still a puff short to avoid runoff

Scioli has support from 37.1% of those who have decided how they are going to vote, according to the Poliarquia poll published in the daily La Nacion.

Argentine ruling party's candidate Daniel Scioli maintains a commanding lead in the presidential race but still lacks enough voter support to win outright in the first round, an opinion poll by the Poliarquia consultancy showed on Sunday.

Wednesday, October 7th 2015 - 02:11 UTC

Japan's Mitsui Lines takes charge of re-gasifying unit project in Uruguay

In October 2013, MOL signed a 20-year charter contract for an FSRU in the port of Montevideo, with GNLS, which was entrusted with the construction

Japan's Mitsui O.S.K. Lines, Ltd. announced on Wednesday that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and re-gasification unit (FSRU) project led by Gas Sayago and being built in Montevideo.

Tuesday, October 6th 2015 - 13:02 UTC

Debt-overwhelmed Petrobras cuts further capital spending plans for this year and 2016

Petrobras plans to cut 2015 investment by 11% to $25 billion from $28 billion and investment for 2016 will be cut 30% to $19 billion from $27 billion

Petrobras struggling with the biggest debt load among global oil firms, on Monday cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump. Petrobras plans to cut 2015 investment by 11% to $25 billion from the previous $28 billion, according to a statement.

Saturday, September 26th 2015 - 07:43 UTC

Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

Premier Oil is the operator of the project with a 36% stake, with Falkland Oil and Gas holding a 40% stake and Rockhopper Exploration holding the balance.

Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.

Thursday, September 24th 2015 - 07:03 UTC

Xi arrives in the US hoping for investments and pledging cooperation

Xi's busy stop on the West Coast is the first leg of a week-long trip to the US and offers him a chance to highlight China's cooperation with U.S. companies

Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.

Wednesday, September 23rd 2015 - 08:22 UTC

Falklands Argos completes farm-out agreement with Noble and Edison

“The agreement will allow exploration drilling on the license, in the North Falkland basin, to proceed as part of the current 2015 drilling program”.

Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.

Saturday, September 19th 2015 - 07:32 UTC

Falklands stall at the Prado rural show “a great surprise and greater success”

“We are very satisfied, it has been a great surprise and greater success, and a very good initiative to participate in the rural show. Hopefully we will be back” said MLA Short

The UK GREAT pavilion at Uruguay's main agri-business exhibition in Montevideo received the top prize for its category while a stall from the Falkland Islands, tended to by Islanders, is estimated to have been visited by 10% of the more than half million visitors that attended the week-long Expo-Prado.

Wednesday, September 16th 2015 - 08:04 UTC

History made as first ever plane lands at St Helena: day to remember 09/15/2015

The aircraft crew comprised Captain Grant Brighton, Co-pilot and First Officer Dillan Van Niekerk, Chief Aircraft Engineer Jeffrey McKenzie (all of TAB Charters, SA) together with FCSL Chief Pilot, St

History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.

Saturday, September 12th 2015 - 11:27 UTC

First landing ever in St Helena airport scheduled for next week as part of calibration flights

The aircraft is due to arrive between Sunday 13 and Thursday 17 September 2015, dependent upon suitable weather and other factors.

A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.

Friday, September 11th 2015 - 09:41 UTC

Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

Brazil’s benchmark stock index is down 20% over the past year and has dropped nearly twice that much since reaching a high in 2008.

A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.

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