Investments

• Friday, May 16th 2014 - 09:25 UTC

  YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

  

  Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact.

• Thursday, May 15th 2014 - 00:31 UTC

  Falklands drilling will resume in second quarter of 2015, announced Premier Oil

  

  Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.

• Wednesday, May 14th 2014 - 15:13 UTC

  Discovery of the century: is it the wreckage of Columbus 'Santa María'?

  

  Archaeologists believe they may have found the wreckage of the Santa Maria, one of the ships Christopher Columbus used to sail the ocean blue en route to the “New World” more than 500 years ago.

• Wednesday, May 14th 2014 - 05:24 UTC

  Uruguay offers 'tremendous guarantees' and is a 'decent country' Mujica tells US investors

  

  Uruguay offers “tremendous guarantees” for investors and is “a decent country”, said President Jose Mujica on his second day visit to Washington where he addressed 120 business people at the US Chamber of Commerce during a Tuesday morning work-breakfast.

• Wednesday, May 14th 2014 - 05:19 UTC

  Mujica meets Kerry to implement support at technology and education levels

  

  President Jose Mujica addressing US Secretary of State John Kerry said that Uruguay has a significant deficit in technology and scientific education, and was hopeful that cooperation with the United States would help insisting that the goal is achieving equality and wealth distribution.

• Wednesday, May 14th 2014 - 05:08 UTC

  The very good reasons to invest in Uruguay, according to Minister Bergara

  

  Minister of Economy Mario Bergara addressed on Tuesday the US Chamber of Commerce in Washington and said Uruguay was a good place to invest because despite being a small market, it was a good launching pad to develop in the region.

• Monday, May 12th 2014 - 20:03 UTC

  Falklands' fisheries success story: 20 years of Consolidated and 10 of CFL Gambler

  

  Falkland Islands Consolidated Fisheries Ltd (CFL) celebrated its 20th anniversary as a company at a reception and banquet at Malvina House Hotel. It also celebrated the 10th anniversary of its vessel CFL Gambler’s blessing and highlighted the MSC certification of the toothfish fishery.

• Sunday, May 11th 2014 - 08:34 UTC

  Falklands discusses capital projects investments over the next five years

  

  Falkland Islands members of the Legislative Assembly made an open, public presentation, with feedback, to explain how approximately £61.1 million in available government funds might be divided between capital projects over the next five years.

• Thursday, May 8th 2014 - 04:57 UTC

  Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

  

  Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.

• Tuesday, May 6th 2014 - 21:29 UTC

  Uruguay to sign agreement with Brazil to boost the naval construction industry

  

  Uruguay and Brazil will be signing this month an agreement to promote the development of Uruguay's naval construction industry, which has been described as one of the fastest growing sectors of the economy, said Industry and Energy minister Roberto Kreimerman in Montevideo during the launching of a barge for the pulp industry.