Investments

Monday, July 24th 2017 - 06:49 UTC
First full-scale floating wind farm begins to take shape off Scotland

The world's first full-scale floating wind farm has started to take shape off the north-east coast of Scotland. The revolutionary technology will allow wind power to be harvested in waters too deep for the current conventional bottom-standing turbines used.
Sunday, July 23rd 2017 - 12:14 UTC
Maersk closer of first gas in North Sea Culzean field; 60.000/90.000bpd expected

Maersk Oil said on Friday that it had reached another key milestone ahead of first gas from its flagship North Sea Culzean field. All three platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.
Saturday, July 22nd 2017 - 22:17 UTC
Growing significance of trade with Latin America for India

(*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.
Thursday, July 20th 2017 - 21:19 UTC
Ecuador steps down from OPEC's agreement to cut output: need of fiscal funds

Ecuador will not honor the Organization of Petroleum Exporting Countries’ (OPEC) agreement to cut oil output, Ecuador’s Oil Minister Carlos Perez said this week. The country, one of OPEC’s 14 member countries, is rethinking its commitment to drop oil production to 522,000 barrels a day.
Thursday, July 20th 2017 - 09:54 UTC
Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.
Wednesday, July 19th 2017 - 22:36 UTC
Chinese group takes 60% control over Rio do Janeiro's main airport, Galeao

China's HNA Group linked to the air and travel industry will add Latin America to its investment portfolio through the purchase of a controlling stake in Rio de Janeiro's largest airport, Aeroporto Internacional Antônio Carlos Jobim – Galeão (GIG Airport).
Wednesday, July 19th 2017 - 07:04 UTC
Trump threatens Venezuela with sanctions: Maduro says he will not be intimidated

In a statement released Monday night, President Trump threatened to impose economic sanctions on Venezuela should the nation’s president, Nicolas Maduro, follow through on his pledge to create a “constituent assembly” capable of rewriting Venezuela’s constitution.
Thursday, July 13th 2017 - 09:26 UTC
British companies will visit Uruguay in a trade mission in September

The UK embassy in Montevideo is organizing a business visit to introduce Uruguay as an export market to British companies. The mission is primarily focused on agro-tech, taking advantage of Uruguay's main agriculture show in Montevideo during the month of September.
Thursday, July 13th 2017 - 09:05 UTC
UK embassy in Uruguay readying for Expo-Prado 2017; Falklands will also attend

Following the previous edition’s success, the British Embassy in Uruguay will be present for the fourth consecutive year at the agricultural show, Expo Prado, from 6 - 17 September, with a Pavilion centered on business, education, culture, gastronomy and entertainment, including a Falkland Islands stand.
Friday, July 7th 2017 - 04:11 UTC
UK investing £100 million to attract highly skilled researchers

Universities and Science Minister Jo Johnson confirmed that the British government is investing £100 million to attract highly skilled researchers to the UK through its new Ernest Rutherford Fund. The Fund will provide fellowships for early-career and senior researchers, from the developed world and from emerging research powerhouses such as India, China, Brazil and Mexico, helping to maintain the UK’s position as a world-leader in science and research.