Investments

• Saturday, January 10th 2015 - 06:22 UTC

  Significance of China for Latam trade and investment underlined by Eclac

  

  The importance of forging closer strategic ties between China and Latin America was underlined by Alicia Barcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), in her speech to the China-Community of Latin American and Caribbean two-day ministerial forum that took place in Beijing.

• Saturday, January 3rd 2015 - 06:07 UTC

  Panama Canal planning major transshipment port on the Pacific entrance

  

  The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.

• Wednesday, December 31st 2014 - 05:18 UTC

  Blackout for Paraguay's hydrocarbons hopes in Chaco drillings

  

  President Energy slumped by as much as a third on Monday following an update on testing of the Silurian Santa Rosa and Devonian Icla reservoirs in the Lapacho well in Paraguay's Chaco. A test of Santa Rosa was cut short, although management reckons that it can be commercialized, and a test of Icla recovered only gas and no oil.

• Wednesday, December 31st 2014 - 02:54 UTC

  Russia's Gazprom takes 100% control of major international gas pipeline

  

  Russia’s gas giant Gazprom said in a release on Monday it had signed a deal with Eni, Wintershall and EDF on the purchase of 50% of shares in South Stream Transport BV. Thus, Gazprom will be a 100% owner of the company.

• Wednesday, December 24th 2014 - 07:44 UTC

  Foreign Ministers of Argentina, Chile sign additional protocols to Treaty of Maipu

  

  Hector Timmerman, Heraldo Muñoz outline new phase in binational relationships. Transandean Train, Agua Negra and Las Leñas Paths to bring on significant progress.

• Tuesday, December 23rd 2014 - 06:28 UTC

  Groundbreaking of Chinese-backed Nicaragua Canal commences

  

  Protesters, skepticism did not stop the administration of President Daniel Ortega. Project seeks to reshape country's poor economy,

• Wednesday, December 17th 2014 - 12:59 UTC

  Uruguay receives IDB credit to boost investment in renewable energies

  

  As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.

• Wednesday, December 17th 2014 - 07:27 UTC

  YPF money helps Repsol by over Canadian Talisman

  

  The largest international deal by a Spanish company in the last five years, props up shares despite plummetting international oil prices.

• Saturday, December 13th 2014 - 04:37 UTC

  Brazil confident since pre-salt oil is profitable 'even at 60 dollars a barrel'

  

  The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.

• Friday, December 12th 2014 - 21:49 UTC

  Dutch oil platform leasing company cutting 11% of global workforce

  

  Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11% of its global workforce, as part of a cost-saving program.