Investments

• Friday, February 5th 2016 - 08:04 UTC

  Falklands: Contractual dispute with rig company raises speculation over drilling program

  

  The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.

• Friday, February 5th 2016 - 07:54 UTC

  Swiss Syngenta accepts takeover proposal by China Chemical: US$ 43bn cash

  

  Government-owned agrochemical firm China National Chemical announced this week an all-cash proposal to buy Swiss rival Syngenta for $43 billion in a deal expected to improve China's food production.

• Thursday, February 4th 2016 - 08:17 UTC

  Magallanes region in south Chile could hold a treasure of unconventional tight gas

  

  The U.S. Geological Survey estimates that the Glauconitica zone of Chile's southernmost Magallanes region holds nearly 8.3 trillion cubic feet of technically recoverable, unconventional tight gas, or nearly double Chile's production of that fossil fuel over the past 70 years.

• Wednesday, February 3rd 2016 - 05:52 UTC

  Norway's Statoil confirms interest in Uruguay's offshore potential, acquires 15% of exploration block

  

  Norway's Statoil giant announced on Tuesday an agreement with French Total to acquire a 15% working interest in an offshore exploration block in Uruguay's continental shelf. The announcement comes only weeks before Total is preparing to drill its first exploratory well in Uruguayan waters.

• Friday, January 29th 2016 - 04:11 UTC

  Canadian company interested in Uruguay's main (broke) fish industry complex

  

  A Canadian corporation, Cooke Aquaculture is apparently interested in taking over Uruguay's main fish industry company, FRIPUR, which is under administration and liquidation and ended all operations almost six months ago.

• Friday, January 22nd 2016 - 04:45 UTC

  Macri/Cameron coincide on new relationship; Falklands left for further on

  

  Argentine President Mauricio Macri met on Thursday with British Prime Minister David Cameron in Davos as both leaders attend the World Economic Forum in Switzerland. The atmosphere of the meeting was described as 'very positive' and several steps of a new relationship were announced, while the Falklands/Malvinas issue was left for further on.

• Friday, January 22nd 2016 - 04:33 UTC

  UK position on Falklands remains as expressed by 2013 referendum, Cameron tells Macri

  

  The United Kingdom government has released a statement pointing out the “three areas” British Prime Minister David Cameron and President Mauricio Macri “covered” during their Davos meeting on Thursday.

• Tuesday, January 19th 2016 - 08:06 UTC

  Falklands oil explorers Rockhopper Exploration and FOGL completed merger

  

  Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday.

• Thursday, January 14th 2016 - 06:11 UTC

  Falklands' Sea Lion development will utilize 18 wells to recover 220 mmbbls, anticipates Premier Oil

  

  Premier Oil provided on Wednesday a Trading and Operations Update ahead of its 2015 Full Year Results which will be announced on Thursday 25 February 2016, which included an upbeat on its Falkland Islands operations mainly at the Sea Lion field.

• Thursday, January 14th 2016 - 05:48 UTC

  Rio mayor confident the city has the funds to host the 2016 Olympic Games

  

  The mayor of 2016 Olympic host city Rio de Janeiro insisted authorities had the finances to avoid disruption to the summer Games despite Brazil’s recession. Latin America's largest economy is suffering from a deep recession and soaring inflation -- a contrast to the boom times of 2009, when Rio won the right to host the Olympics.