Investments

Thursday, July 20th 2017 - 21:19 UTC
Ecuador steps down from OPEC's agreement to cut output: need of fiscal funds

Ecuador will not honor the Organization of Petroleum Exporting Countries’ (OPEC) agreement to cut oil output, Ecuador’s Oil Minister Carlos Perez said this week. The country, one of OPEC’s 14 member countries, is rethinking its commitment to drop oil production to 522,000 barrels a day.
Thursday, July 20th 2017 - 09:54 UTC
Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.
Wednesday, July 19th 2017 - 22:36 UTC
Chinese group takes 60% control over Rio do Janeiro's main airport, Galeao

China's HNA Group linked to the air and travel industry will add Latin America to its investment portfolio through the purchase of a controlling stake in Rio de Janeiro's largest airport, Aeroporto Internacional Antônio Carlos Jobim – Galeão (GIG Airport).
Wednesday, July 19th 2017 - 07:04 UTC
Trump threatens Venezuela with sanctions: Maduro says he will not be intimidated

In a statement released Monday night, President Trump threatened to impose economic sanctions on Venezuela should the nation’s president, Nicolas Maduro, follow through on his pledge to create a “constituent assembly” capable of rewriting Venezuela’s constitution.
Thursday, July 13th 2017 - 09:26 UTC
British companies will visit Uruguay in a trade mission in September

The UK embassy in Montevideo is organizing a business visit to introduce Uruguay as an export market to British companies. The mission is primarily focused on agro-tech, taking advantage of Uruguay's main agriculture show in Montevideo during the month of September.
Thursday, July 13th 2017 - 09:05 UTC
UK embassy in Uruguay readying for Expo-Prado 2017; Falklands will also attend

Following the previous edition’s success, the British Embassy in Uruguay will be present for the fourth consecutive year at the agricultural show, Expo Prado, from 6 - 17 September, with a Pavilion centered on business, education, culture, gastronomy and entertainment, including a Falkland Islands stand.
Friday, July 7th 2017 - 04:11 UTC
UK investing £100 million to attract highly skilled researchers

Universities and Science Minister Jo Johnson confirmed that the British government is investing £100 million to attract highly skilled researchers to the UK through its new Ernest Rutherford Fund. The Fund will provide fellowships for early-career and senior researchers, from the developed world and from emerging research powerhouses such as India, China, Brazil and Mexico, helping to maintain the UK’s position as a world-leader in science and research.
Thursday, July 6th 2017 - 19:16 UTC
Chinese company will exploit energy resources in Brazil

Petrobras announced that it signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to exploit energy resources in Brazil and abroad. In the statement, Petrobras said that the deal will allow the two state oil companies to benefit from each other's capacity and experience in oil and gas production.
Thursday, July 6th 2017 - 06:42 UTC
Petrobras awards pipeline inspection services contract to Fugro and its new vessel

Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.
Wednesday, July 5th 2017 - 07:30 UTC
Britain's growth prospects downgraded because of “newly created uncertainty”

Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.