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Montevideo, December 4th 2024 - 09:49 UTC

Investments

  • Thursday, November 21st 2024 - 09:35 UTC

    Successful trial of the Spear Missiles in Typhoons and F-35B fighters

    Royal Navy and Royal Air Force pilots will benefit from a cutting-edge new cruise missile, following the first successful guided firing trial of the SPEAR missile. SPEAR, which is a next generation turbojet-powered miniature cruise missile, successfully completed the trial after being fired from a BAE Systems-operated Typhoon jet at Vidsel range in Sweden.

  • Thursday, November 14th 2024 - 13:46 UTC

    Falklands, Sea Lion oil development area EIS public consultation considered

    ExCo noted that Navitas has committed to making several amendments to the EIS as a result of the representations made and republishing the EIS in line with guidance.

    Following the public consultation for the Environmental Impact Statement (EIS) for the Sea Lion Field Northern Development Area, Phase 1 and 2, submitted by Navitas Petroleum Development and Production Limited, the Executive Council (ExCo) considered the representations made, responses, and further information at an extraordinary meeting held on Thursday, November 7.

  • Friday, November 8th 2024 - 19:05 UTC

    Falklands orders four new Britten-Norman 2B-26 Islander aircraft

    FIGAS existing fleets of five Islanders serves in a variety of roles and are essential in keeping the Falklands and its more remote communities connected

    The Falkland Islands Government has signed a Letter of Intent with Britten-Norman with a view to ordering four new BN2B-26 Islander aircraft at a total value of US$9.75 million, reported the British manufacturer

  • Wednesday, November 6th 2024 - 14:16 UTC

    Falkland Islands Legislative Assembly moves forward on Starlink and VSAT licensing reforms

    Further details on the proposed licensing changes and current requirements are available on the Communications Regulator's website

    The Falkland Islands Legislative Assembly has accepted a set of recommendations from the Telecommunications Select Committee, aimed at making internet access more affordable and accessible through adjustments to VSAT licensing fees and potential domestic tariffs for Starlink services. These proposals will now be reviewed by the Executive Council, with a response expected within six months.

  • Monday, November 4th 2024 - 22:30 UTC

    Venezuela and Iran sign deal for optic fiber plant

    By mid-2025, Venezuela is expected to have “a new technological company with exporting vocation,” Meléndez announced

    Venezuelan and Iranian authorities announced this weekend the signing of an agreement to build a fiber optic factory in the South American country, more specifically in La Guaira, a State just 30 kilometers north of Caracas and home to the country's gateway Simón Bolívar Airport.

  • Wednesday, October 30th 2024 - 10:40 UTC

    YPF to sell Metrogas stake to focus on Vaca Muerta

    Now it is the right time, Marín argued

    Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.

  • Friday, October 25th 2024 - 18:28 UTC

    Fortuna completes acquisition of Holyhead Towing Company Ltd

    The Board of Fortuna Ltd are delighted to announce the acquisition of Holyhead Towing Company Ltd, as of 25th October 2024. Ownership of the Company is a further step toward growing Fortuna’s wider maritime-related interests.

  • Thursday, October 24th 2024 - 18:04 UTC

    Air travel on the rise in Brazil

    Expectations are the best, Costa Filho explained

    Brazil's Ministry of Ports and Airports reported this week that South America's largest country recorded nearly 10 million airline travelers nationwide last month, which represented a 5.7% increase from September last year.

  • Thursday, October 24th 2024 - 10:33 UTC

    Chile's brand new icebreaker receives combat flag

    This flag “has a deep meaning for all of us who have the privilege of wearing the naval uniform,” Captain Henríquez said

    The Chilean Navy's icebreaker AGB-46 Almirante Viel received her combat flag during a cermony at the Talcahuano Naval Base. Viel Captain Juan Pablo Henríquez took delivery on Tuesday of the symbolic item from Chilean Maritime League President Admiral (ret.) Edmundo González.

  • Monday, October 21st 2024 - 20:15 UTC

    Falklands Government extends Rockhopper's Petroleum Production Licenses to December 2026

    Rockhopper CEO Sam Moody commented: ”We are pleased to have extended the licenses, enabling us to continue progressing our work in the Falkland Islands.”

    Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin announced that, following discussions with the Falkland Islands Government, FIG has agreed to extend all of the Company’s North and South Falkland Basin Petroleum Production Licenses meaning that the licenses will now run until the 31 December 2026.