Investments

Thursday, February 18th 2016 - 06:19 UTC
Falklands' oil industry continues to advance, despite current low prices

Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialization, according to an analyst with research and consulting firm GlobalData.
Thursday, February 18th 2016 - 06:07 UTC
Norway's Statoil joins Tullow Oil and expands share in Uruguay's Pelotas basin

Norway’s Statoil said that it has signed an agreement with Tullow Oil to secure a 35% working interest in a Uruguay’s Pelotas basin exploration block 15, about 200 kilometers off the coast of Uruguay.
Tuesday, February 16th 2016 - 07:37 UTC
Noble Energy cancels drilling in Falklands, following termination of rig contract

Falkland Islands based company, Argos Resources Ltd. said it has received notification from Noble Energy, the operator of license PL001 in which Argos holds a 5% overriding royalty interest, that it is exercising its rights to declare Force Majeure on the well.
Friday, February 12th 2016 - 18:47 UTC
Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper

Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.
Friday, February 12th 2016 - 18:14 UTC
Falklands' exploratory campaign ended, following termination of ocean rig contract

The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.
Friday, February 12th 2016 - 06:15 UTC
Falklands' oil industry development continues despite slump in crude prices

Rockhopper Exploration flagship project, offshore the Falkland Islands the Sea Lion oil field development, continues to advance despite the recent slump in crude prices.
Wednesday, February 10th 2016 - 23:11 UTC
Montevideo-Stanley, an integrating and necessary air link

By Jaime Trobo (*) - For some time now we have been arguing that Uruguay must strengthen its bonds and contacts with a neighboring territory, in the southern cone, part of our American continent, where families who arrived in our region during the first half of the XIX century live, and with whom those contacts, once very intense, have waned, particularly in the last decades.
Wednesday, February 10th 2016 - 07:24 UTC
Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.
Wednesday, February 10th 2016 - 07:16 UTC
US Treasury's strong support message for Argentina's litigation with holdout funds

The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.
Saturday, February 6th 2016 - 07:57 UTC
Pollack statement: “pleased to report that enormous progress has been made”

Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its “holdout” Bondholders issued the following statement today (Friday, Jan 5):