Investments

Investments
Friday, May 16th 2014 - 09:37 UTC

YPF wants to create a G10 of Latin American state oil companies CEO's

“Energy is power” and the region has plenty of energy, said Galuccio

Argentina's YPF CEO Miguel Galuccio proposed on Thursday in Bolivia a G10 of Latin American state owned oil corporations to strengthen their bargaining power based on their resources and development synergy.

Friday, May 16th 2014 - 09:25 UTC

YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

According to the ruling, Cristina Fernandez committed “abuse of authority, breach of public duty and potential environmental damage”

Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact.

Thursday, May 15th 2014 - 00:31 UTC

Falklands drilling will resume in second quarter of 2015, announced Premier Oil

“A rig contract and an associated rig sharing agreement is expected to be signed shortly”, announced Premier.

Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.

Wednesday, May 14th 2014 - 15:13 UTC

Discovery of the century: is it the wreckage of Columbus 'Santa María'?

The “Santa Maria” accidentally ran aground off the coast of what is now Haiti on Christmas Day in 1492

Archaeologists believe they may have found the wreckage of the Santa Maria, one of the ships Christopher Columbus used to sail the ocean blue en route to the “New World” more than 500 years ago.

Wednesday, May 14th 2014 - 05:24 UTC

Uruguay offers 'tremendous guarantees' and is a 'decent country' Mujica tells US investors

The Uruguayan president captivated the audience at the US Chamber of Commerce

Uruguay offers “tremendous guarantees” for investors and is “a decent country”, said President Jose Mujica on his second day visit to Washington where he addressed 120 business people at the US Chamber of Commerce during a Tuesday morning work-breakfast.

Wednesday, May 14th 2014 - 05:19 UTC

Mujica meets Kerry to implement support at technology and education levels

Secretary Kerry described Uruguay as an old reliable friend of the US

President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.

Wednesday, May 14th 2014 - 05:08 UTC

The very good reasons to invest in Uruguay, according to Minister Bergara

The minister however admitted some challenges: infrastructure, qualified labor and short and midterm inflation

Minister of Economy Mario Bergara addressed on Tuesday the US Chamber of Commerce in Washington and said Uruguay was a good place to invest because despite being a small market, it was a good launching pad to develop in the region.

Monday, May 12th 2014 - 20:03 UTC

Falklands' fisheries success story: 20 years of Consolidated and 10 of CFL Gambler

 CFL Chair Wylie said that when the company took off “little was known” in the Islands, “about operating fishing vessels or selling fish”

Falkland Islands Consolidated Fisheries Ltd (CFL) celebrated its 20th anniversary as a company at a reception and banquet at Malvina House Hotel. It also celebrated the 10th anniversary of its vessel CFL Gambler’s blessing and highlighted the MSC certification of the toothfish fishery.

Sunday, May 11th 2014 - 08:34 UTC

Falklands discusses capital projects investments over the next five years

Education a priority - the Infant Junior School/CE above

Falkland Islands members of the Legislative Assembly made an open, public presentation, with feedback, to explain how approximately £61.1 million in available government funds might be divided between capital projects over the next five years.

Thursday, May 8th 2014 - 04:57 UTC

Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

A 'strategic' decision said Repsol that recently settled the seizure of YPF with the Argentine government

Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.

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