Investments

• Friday, September 8th 2017 - 09:28 UTC

  Falklands' Sea Lion funding, Rockhopper's primary focus until end of 2018

  

  Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falkland Islands by the end of 2018.

• Friday, September 8th 2017 - 08:42 UTC

  Chile and Argentina working on an energy, gas and power, swap deal

  

  Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for five additional transmission line interconnection points, with an agreement expected as early as January, the minister revealed.

• Saturday, September 2nd 2017 - 10:36 UTC

  Falklands' Government Investment funds reached £344 million in June 2017

  

  The market value of all Falkland Islands Government, FIG, investment funds have increased from £285 million in June 2015, to £309 million in June 2016 and to £344 million in June 2017.

• Tuesday, August 29th 2017 - 19:19 UTC

  UK and German commerce chambers call on Brexit negotiators to concentrate on “business issues”

  

  Shared economic interests must be a priority in the Brexit negotiations, UK and German trade bodies have urged. The British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said uncertainty over “business critical” issues such as workers' rights, tax and customs arrangements needed to be tackled.

• Tuesday, August 29th 2017 - 19:08 UTC

  Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

  

  Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.

• Tuesday, August 29th 2017 - 11:36 UTC

  Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

  

  Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.

• Tuesday, August 29th 2017 - 11:03 UTC

  Go ahead to build two dams in Patagonia's Santa Cruz, financed by China

  

  Argentina’s government approved the construction of two hydroelectric dams in the southern Patagonia region province of Santa Cruz, after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday.

• Monday, August 28th 2017 - 07:52 UTC

  Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times

  

  The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.

• Saturday, August 26th 2017 - 16:50 UTC

  Yellen defends 2008 financial regulations, but cuts her reappointment chances with Trump

  

  Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health and disputing criticism that the rules have hurt lending.

• Thursday, August 24th 2017 - 06:55 UTC

  The new cruise generation includes a 1.000 ft race track and a “space station”

  

  Norwegian Cruise Line revealed a plethora of highlights that passengers can look forward to aboard the Norwegian Bliss in 2018. The cruise line's President and CEO Andy Stuart showcased some of the exciting concepts and firsts at sea during an exclusive event at Virtuoso Travel Week in Las Vegas.