Investments

• Monday, December 10th 2018 - 05:38 UTC

  Brazil incoming energy minister favors nuclear and wind power; “hydro has reached its limit”

  

  Brazil’s incoming mines and energy minister, Bento Albuquerque, supports more nuclear and wind power development to diversify the country’s energy matrix, while saying hydropower had reached its limit, newspaper Folha de S.Paulo reported.

• Friday, December 7th 2018 - 09:54 UTC

  Brazilian federal judge freezes proposed tie-up of Embraer with Boeing

  

  A Brazilian federal court on Thursday suspended a proposed US$ 4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.

• Friday, December 7th 2018 - 07:29 UTC

  Falklands' fishing fleet latest incorporation F/V Argos Cies Open Day

  

  The stern trawler F/V Argos Cies opened its doors at FIPASS to the general public last Sunday as it became the latest new-build to join the Falkland Islands fishing fleet. Members of the public were given a tour of ship, as were invited guests during a reception held in the evening.

• Friday, December 7th 2018 - 06:41 UTC

  Mexican president wants more investment from oil companies before awarding new contracts

  

  Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded.

• Thursday, December 6th 2018 - 09:32 UTC

  YPF and Malaysia's Petrona committed to invest US$ 2.3bn in Vaca Muerta

  

  Argentina's state-run energy company YPF and Malaysia's Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil equivalent by 2022. The investment will be in La Amarga Chica, where the companies have been testing the shale oil potential since 2015 and have spent US$ 550 million to date in the process, YPF said in a statement.

• Thursday, December 6th 2018 - 09:14 UTC

  Russia drew Argentina's attention to Ilyushin-96 jets before G-20 Summit

  

  The Russian aircraft manufacturer Ilyushin has sought to attract Argentina's interest to purchase their Il-96 jets of various specifications, it was revealed Wednesday.

• Thursday, December 6th 2018 - 08:28 UTC

  Mexican president pressing foreign oil companies to show results

  

  Mexico’s newly inaugurated president Andres Manuel Lopez Obrador, AMLO, is turning up the heat on foreign oil companies to show results before he holds new auctions.

• Wednesday, December 5th 2018 - 21:40 UTC

  3G cellphone technology reaches Cuban customers, at long last

  

  Cubans will have access for the first time to 3G mobile telephone technology starting this coming Thursday, the state-run telecoms monopoly in Cuba, Etecsa, announced Wednesday.

• Wednesday, December 5th 2018 - 08:33 UTC

  German auto maker rehiring confident of Brazil's recovery

  

  Mercedes Benz's Brazil operation will hire some 600 contractors in 2019 on year-long contracts to work on commercial vehicles, adding to a workforce of 10,000, the company said on Tuesday.

• Tuesday, December 4th 2018 - 21:36 UTC

  Sino-Panamanian relations off to a strong start, says Xi Jinping

  

  Chinese President Xi Jinping Monday explained relations between his country and Panama have ”gotten off to a strong start in just a year-and-a-half” after the establishment of diplomatic ties in June 2017.