Investments

Thursday, October 26th 2017 - 06:49 UTC
YPF unveils ambitious US$ 30bn five-year investment plan

Argentina's state-controlled energy company YPF has unveiled a US$ 30bn five-year investment plan to boost oil production and sharpen its focus on electric power generation. Some US$21.5bn will come from YPF's own coffers, with the remainder to be sourced from its project partners, the company said in a statement on Wednesday.
Wednesday, October 25th 2017 - 11:36 UTC
Saudi Arabia announces plan to build US$ 500bn new city and a bridge connecting with Egypt

Saudi Crown Prince Mohammad Bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today’s Saudi Arabia as he seeks to remake the kingdom in a time of dwindling resources.
Saturday, October 21st 2017 - 07:30 UTC
Uruguay government announces presence of hydrocarbons in an exploratory well

The Uruguayan government announced on Friday the presence of hydrocarbons in the north west of the country, in the framework of exploratory drilling by US based Schuepbach Energy. The discovery took place in the county of Paysandu, some 400kms north of the capital Montevideo.
Friday, October 20th 2017 - 05:18 UTC
Some thoughts about the 9 November Falklands' general election

By John Fowler - At the time of going to press, so far sixteen brave or foolhardy souls have declared their candidature for the General Election. This is one more than in 2013 and may be the most ever. With an average age of less than fifty years this group is almost certainly the youngest. Gone, it would seem, are the days when only the wealthy, retired, unemployed, or possibly unemployable old were available to stand.
Thursday, October 19th 2017 - 07:39 UTC
Mercosur/EU trade deal again faces French foot dragging with Irish support

France will propose changing the European Commission’s mandate to negotiate a trade deal with Mercosur bloc to include food safety provisions, its envoy to Brazil said on this week.
Thursday, October 19th 2017 - 07:27 UTC
Falklands welcomes the registry of a new freezer trawler

The Falkland Islands Executive Council this week welcomed the registration of the new Falklands fishing vessel freezer trawler Monteferro belonging to Kalamar Ltd. MLA Mike Summers said: “This is the second major private sector investment in fishing vessels this year, and represents good progress in the industry.”
Wednesday, October 18th 2017 - 08:42 UTC
Galician fishing industry recovering and investment in new vessels picking up

The Galician fishing industry is undergoing a boom as Spain recovers from the economic crisis that had caused a halt in the construction of new vessels and investments on new processing plants in recent years, Javier Fraga Diaz, director with Spanish bank Abanca's maritime unit (Banca Mar), revealed.
Wednesday, October 18th 2017 - 07:16 UTC
The “Amazon Effect” is coming to oil markets

By Irina Slav for Oilprice.com - While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the energy industry, but until recently, it was just talk.
Saturday, October 14th 2017 - 20:42 UTC
IMF: Latin America must crack down on corruption and improve governance

Latin American and Caribbean governments need to crack down on corruption in order to make their economies more durable and the benefits of growth more widespread, the International Monetary Fund said on Friday.
Thursday, October 12th 2017 - 20:31 UTC
Falklands issues set of crown coins to mark centenary of the Windsor Royal House

The government and treasury of the Falkland Islands have issued (9th October) a new set of crown coins which mark the centenary anniversary of the establishment of the British Royal House. The Royal House came about due to the circumstances just after the fighting for the Great War began (1914–1918).