Investments

Investments
Friday, January 17th 2014 - 07:54 UTC

Falklands Sea Lion in 'the mid to longer term projects' of Premier Oil

Premier Oil CEO Simon Lockett said “2013 was a challenging year”

UK independent Premier Oil reported Thursday that its production rate peaked at 75,000 barrels of oil equivalent per day during December, when the average rate was 69,000 boepd. Premier said that average production for 2013 as a whole was 58,200 boepd, compared to an average rate of 57,700 boepd for 2012.

Thursday, January 16th 2014 - 09:04 UTC

Open pit mining project in Uruguay questioned in Parliament and by environmentalists

Senator Abreu, the environment impact study come before signing the contract, and where are the 140m dollars guarantee?

A major open pit mining project in Uruguay to extract and export magnetite (a kind of iron ore) and which the government of President Jose Mujica plans to instrument this month has been exposed to a battery of criticism because the administration refuses to show the terms of the contract and farm groups argue there is no final environment impact assessment study.

Monday, January 13th 2014 - 11:29 UTC

Canadian group Cooke Aquaculture has set its eyes on (Pescanova) Pesca Chile

But president Juan Manuel Urgoiti wants to halt the liquidation of Chilean assets

The process of selling Pesca Chile continues, despite Pescanova's attempts to slow down the liquidation of the company and its Chilean subsidiaries until the situation of the Galician multinational in Spain is resolved.

Monday, January 13th 2014 - 07:35 UTC

A frustrated Mujica calls for a readjustment of Mercosur legal framework

The Uruguayan president is hopeful he can hold a private talk on bilateral issues with his peer Cristina Fernandez

Uruguayan president José Mujica said that members of Mercosur must readjust the block's legal framework ‘to make it work’ so that differences among its partners can be resolved in an institutional framework. He insisted on a review and amendment of mechanisms with greater flexibility and more adapted to current circumstances.

Monday, January 13th 2014 - 07:27 UTC

Nicaragua announces that construction of inter-ocean canal begins this year

President Ortega and Chinese tycoon Wang Jing during the announcement ceremony

President Manuel Ortega said on Saturday that the construction of a massive inter-oceanic canal in Nicaragua that could significantly alter global trade would start at the end of 2014. Ortega gave a Chinese group a concession to manage the future shipping channel for 50 years, with the possibility to renew the contract for another 50.

Friday, January 10th 2014 - 06:46 UTC

Falklands oil industry will have its 'Made in USA' dock facility in Stanley harbor

The location of the 400x100 feet floating dock would be to the east of FIPASS

The Falkland Islands budding oil and gas industry advanced a further step this week when the Falklands' Planning and Building Committee gave planning permission to a temporary dock facility (TDF) in Stanley harbor that will provide logistics support to exploration drilling.

Friday, January 10th 2014 - 06:27 UTC

Construction of Monsanto plant in north Argentina halted on environmental grounds

Activists had been blockading the construction site for 113 days, preventing workers from completing work on the plant

A labor appeals court in north-central Argentina ruled that the construction of a Monsanto plant is unconstitutional, halting work on the site. The three judge court ruled 2-1 in favor of the activists who filed a legal appeal against Monsanto’s GMO seed plant on environmental protection grounds in the municipality of Malvinas Argentinas, located in central Cordoba Province.

Thursday, January 9th 2014 - 06:54 UTC

Panama Canal expansion discussions stall; Italian company demands an extra 1bn

“Impossible ... They are completely outside the contract and that's not going to happen,” said ACP Jorge Quijano.

The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.

Wednesday, January 8th 2014 - 05:19 UTC

Panama Canal and construction companies closer to understanding on over-costs

Spanish minister Ana Pastor with Panamanian President Ricardo Martinelli

Panama Canal officials offered Tuesday to share the burden in a 283 million dollars fund to end a spat with a consortium threatening to halt the waterway's expansion over huge cost overruns. The proposal came after two days of intense talks under mediation of a Spanish cabinet minister who flew to Panama City for emergency meetings aimed at preventing a shutdown of the major project.

Sunday, January 5th 2014 - 13:07 UTC

Falklands looks to South America and Scotland to service its oil industry development

Roger Spink, president of the Falklands' Chamber of Commerce

Successful trade missions to Uruguay and Chile and the growing support and know-how links with Scotland for the development of the Falkland Islands oil and gas industry were mentioned as some of the 2013 highlights by Roger Spink, president of the Falklands Chamber of Commerce in his Christmas speech.

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