Investments

Friday, July 28th 2017 - 06:17 UTC
Falklands' winds and flight delays could reduce attractiveness of additional services

Too many documented delays to flights might reduce the attractiveness of the Falklands in terms of an airline considering providing an additional service to the Islands, acknowledged Member of Legislative Assembly (MLA) Gavin Short this week.
Friday, July 28th 2017 - 06:00 UTC
Exxon puts Guyana on the world oil map with another major discovery

Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.
Tuesday, July 25th 2017 - 06:53 UTC
2018 promises to be an exciting year for new cruise ships

With cruise lines having a record number of cruise ships on order, the cruise industry is growing like never before. 2018 promises to be an exciting year for new ships coming out, and here are the best new cruise ships arriving next year.
Tuesday, July 25th 2017 - 03:40 UTC
Repsol caught in the middle of the Hanoi/Beijing South China Sea powder keg

Vietnam has ordered a Spanish private company conducting a gas-drilling expedition in a disputed area of the South China Sea to cease operations following military threats from China, according to reports.
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).