Friday, March 6th 2015 - 22:08 UTC

Falklands oil drilling campaign takes off with spudding on the Zebedee prospect

Drilling, coring and logging operations on the Zebedee well are expected to take 30 days. Cost of each well drilled by Eirik Raude rig is estimated in 50m dollars

Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies with varying geological chances of success (GCoS) of 9-52%.

Friday, February 27th 2015 - 05:29 UTC

Falklands oil rig arrives and readies to begin six-well drilling campaign

Two of the rig’s three supply vessels are in the Falklands along with three support helicopters

The semi-submersible oil rig oil rig Eirik Raude entered Falkland Islands waters to the north this week and has already been served by supply vessels and undergone a crew change operation. The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy.

Monday, February 16th 2015 - 21:50 UTC

Falklands begins consultation on oil impact on society and local culture

The overall aim is to provide a detailed understanding of the many different ways that oil and gas developments could affect the daily lives of Falkland Islanders

Falkland Islands will this month begin to grapple with the big questions about how oil and gas development will impact on their society and culture. The start of a series of focus groups run as part of the Social Effects Monitoring Programme study, led by Regeneris Consulting, and Falkland Island partners Karen Lee and Carolyn Montgomerie, reports the Penguin News in its latest edition.

Monday, February 16th 2015 - 08:51 UTC

Germany urges Brazil with an EU/Mercosur trade agreement

President Rousseff and minister Steinmeier after their meeting in Brasilia

Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

Thursday, February 12th 2015 - 06:25 UTC

Argentine industry fearful of some clauses in agreements signed with China

“We will explain the scope of agreements to the UIA because Argentina and China have complementary economies”, said Capitanich

Argentina's top officials will meet on Thursday with representatives from the Argentine Industrial Union, UIA, to discuss some clauses and aspects of the recent agreements signed between China and Argentina last week, and which have been questioned by the manufacturers' lobby.

Thursday, February 12th 2015 - 06:02 UTC

Holdouts open new front in dispute with Argentina: officials dramatic increase in their personal wealth

The most senior figure named in the report is Guillermo Moreno who was the powerful commerce secretary first for Nestor and then Cristina until 2013

US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the Kirchner administrations.

Tuesday, February 10th 2015 - 05:45 UTC

S&P downgrades Venezuela long term credit rating to CCC

S&P said Venezuela's economy could shrink 7% this year, with further contraction possible in 2016. It added inflation could reach 100% or more

Ratings agency Standard and Poor's on Monday downgraded Venezuelan long-term credit ratings to CCC from CCC+, citing falling oil prices and the government's failure to address economic distortions.

Saturday, February 7th 2015 - 05:33 UTC

Gauguin's “When will you marry me” painting sold in 300 million dollars

The 1892 painting, Nafea Faa Ipoipo (When Will You Marry?), is one of over 20 works in Staechelin collection of Impressionist and Post-Impressionist art.

A new record price for an artwork, nearly 300 million dollars, may have been achieved with the sale of a Paul Gauguin canvas by a Swiss collector. The buyer is rumored to be the Qatar Museums.

Friday, February 6th 2015 - 23:02 UTC

Qatar Airways takes 10% of IAG, owner of British Airways and Iberia

Willie Walsh, IAG's chief executive, said he was delighted Qatar had become a “long-term supportive shareholder”.

Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group (IAG), the owner of British Airways (BA) and Iberia. The Gulf airline is already a member of the Oneworld Alliance.

Thursday, February 5th 2015 - 11:10 UTC

Cristina Fernandez hails 'strategic partnership' with China; blasts Argentine industry for mistrusting agreements

The president revealed that 102 Argentine companies and over 500 Chinese firms signed up for the business seminar.

President Cristina Fernandez expressed her satisfaction for the over 1,000 businessmen that attended the Argentinean-Chinese forum she presided in Beijing and praised the 'strategic partnership' with China. The president also rejected criticism voiced by the Argentine Industrial Union (UIA) against her trip to China and the bilateral deals reached.


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