Stories for 2022

Friday, August 12th 2022 - 02:40 UTC
Offshore drilling on the rebound for the foreseeable future, rig providers report

By Tsvetana Paraskova for Oilprice.com – After years of uncertainty and stagnation, the offshore drilling market is on the rebound and is in the early innings of an up cycle in investment and activity that will outpace the 2016-2019 cycle, major services and rig providers say. Analysts and top offshore drilling executives say that offshore rig utilization and day rates are also rising in a market that is expected to tighten going forward.
Friday, August 12th 2022 - 02:20 UTC
CHIPS made in US: Biden signs bipartisan legislation to promote semiconductor industry

Flanked by scores of lawmakers, union officials, local politicians and business leaders, US president Joe Biden signed legislation promoting investments in the American semiconductor industry in an effort to ease US reliance on overseas supply chains for critical, cutting-edge goods.
Thursday, August 11th 2022 - 20:45 UTC
Google sets eyes on Las Toninas for transoceanic internet cable

Argentina's National Communications Agency (Enacom) has authorized Google Infraestructura Argentina SRL to install a fiber optic system called Firmina through Argentine Sea waters, which “will be the longest in the world” providing internet connectivity.
Thursday, August 11th 2022 - 20:00 UTC
First South American Ikea store opens in Chile

Chileans rushed Wednesday to the brand-new Ikea store in Santiago, the first of the multinational conglomerate specialized in ready-to-assemble furniture, kitchen appliances, and home accessories.
Thursday, August 11th 2022 - 19:07 UTC
Falklands Veterans and families invited to register for a balloted flight to the Islands

The United Kingdom Ministry of Defense has announced that Veterans and the families of those who died during the Falkland Islands conflict are being invited to register for a balloted flight to the Islands. There will be 100 places on the flight, funded by MOD, with seats allocated to those eligible and a partner of their choice.
Thursday, August 11th 2022 - 09:53 UTC
IMF Chief ratifies agency's support to Argentina

International Monetary Fund (IMF) Managing Director Kristalina Georgieva congratulated Argentina's Economy Minister Serio Massa on his appointment and ratified the agency's support for the country's recovery, it was reported Wednesday.
Thursday, August 11th 2022 - 09:37 UTC
Retail sales drop but use of credit cards grows in Brazil

While according to Brazil's Insitute of Geography and Statistics (IBGE), retail sales fell below expectations in June, payments with credit and debit cards were on the rise, it was reported Wednesday.
Thursday, August 11th 2022 - 09:31 UTC
Cyclone causes havoc in southern Brazil

A subtropical cyclone has left substantial damage and many people injured in the Brazilian southern state of Santa Catarina, where the seaside resorts have been placed under alert amid landslides.
Thursday, August 11th 2022 - 09:24 UTC
Argentine MSMEs reach record exports in first semester of 2022

Argentine Micro, Small and Medium-sized Enterprises (MSMEs) have reached peak export figures during the first semester of 2022.
Thursday, August 11th 2022 - 09:16 UTC
Resignation of those who declared a volcano a Mapuche sacred site requested

Argentina's Environment Minister Juan Cabandié demanded the resignation of National Parks Administration (APN) Chairman Lautaro Erratchú and of the rest of the agency's board after last week they declared the Lanín volcano a Mapuche sacred site.