Investments

Thursday, October 9th 2014 - 10:36 UTC
YPF goes overseas: signs agreement with Ecuador to recover mature fields

Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.
Tuesday, October 7th 2014 - 22:08 UTC
Enhancing safe navigation in polar waters

The Association of Arctic Expedition Cruise Operators (AECO) and the International Association for Antarctica Tour Operators (IAATO), in cooperation with Lindblad Expeditions, have found a way for cruise operators to share years of depth soundings from the Arctic and Antarctica.
Tuesday, October 7th 2014 - 00:43 UTC
Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.
Monday, October 6th 2014 - 07:33 UTC
Italian holdouts, following on Paul Singer, present demand against Argentina

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.
Monday, October 6th 2014 - 05:56 UTC
Dilma (40%) and Neves (34%) to the runoff; mathematically the opposition can win

Brazil's unpredictable election took another twist Sunday, with populist President Dilma Rousseff forced into a runoff race as expected, but against a center-right challenger who only surged in the final week of the campaign.
Saturday, October 4th 2014 - 10:38 UTC
Investors on edge waiting for the results of Sunday's voting in Brazil

Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.
Friday, October 3rd 2014 - 07:47 UTC
Falklands approves 80 room portable hotel ahead of the coming oil drilling season

The first sign of oil industry impact on the face of the Falkland Islands capital, Stanley is in the offing with the planning approval given for an 80 room portable hotel near The Trough.
Wednesday, October 1st 2014 - 08:09 UTC
US calls on Argentina “to normalize relations with all bondholders”

While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.
Wednesday, October 1st 2014 - 08:00 UTC
Falklands' 2015 oil drilling program to include Borders & Southern

Borders & Southern Petroleum PLC said it will join a Falkland Islands drilling consortium so it can participate in the 2015 drilling program on the Islands, as soon as partnering and funding has been secured for its licenses.
Tuesday, September 30th 2014 - 04:51 UTC
South Korea constructing Bolivia's longest bridge to be delivered in 35 months

South Korea's Hyundai-Byucksan consortium started construction of a bridge 1,440 meters long in eastern Bolivia, a span that will be the country's longest and will require an investment of 49.9 million dollars, some of which will come from a loan from Seoul.