Investments

• Sunday, January 5th 2014 - 13:07 UTC

  Falklands looks to South America and Scotland to service its oil industry development

  

  Successful trade missions to Uruguay and Chile and the growing support and know-how links with Scotland for the development of the Falkland Islands oil and gas industry were mentioned as some of the 2013 highlights by Roger Spink, president of the Falklands Chamber of Commerce in his Christmas speech.

• Friday, January 3rd 2014 - 23:05 UTC

  Spain steps in to try to resolve cost dispute over Panama Canal expansion

  

  Spain stepped in on Friday to try to resolve a cost dispute over the expansion of Panama's canal, which has triggered a sell-off in the shares of Sacyr SA, the Spanish builder leading the project. Spain's Public Works minister, Ana Pastor, and Sacyr Chairman Manuel Manrique are due to travel to Panama on the weekend, Panama's president, Ricardo Martinelli, said.

• Thursday, January 2nd 2014 - 18:21 UTC

  Falklands 2014 oil industry major focus: how to develop the Sea Lion discovery

  

  After a busy 2011 and 2012, 2013 was a relatively quiet year for exploration around the Falkland Islands in the South Atlantic Ocean. The various companies involved in the region's nascent oil and gas industry preferred to spend the year focusing on seismic data acquisition campaigns and consolidating some of their assets.

• Friday, December 27th 2013 - 05:18 UTC

  Australian cruise operators interested in developing Puerto Williams in Chile

  

  Australian travel agents linked to the cruise industry visited Puerto Williams in the extreme south of Chile to check on the facilities, services and infrastructure with the purpose of planning cruise calls on a regular basis. Puerto Williams in located on Navarino island across from Ushuaia in Argentina.

• Friday, December 27th 2013 - 05:07 UTC

  World Cup 2014: Brazil most expensive stadium has a leaking roof

  

  Reports from stadium operators in Brazil have revealed that the most expensive of the 12 stadiums built or renovated for the 2014 FIFA World Cup has a leaking roof, less than eight months after it was finished.

• Thursday, December 26th 2013 - 08:17 UTC

  Brazil conditions any future oil pre-salt bidding to local industry capacity to supply equipment and services

  

  Brazilian Government has decided that any future bidding rounds involving pre-salt blocks will only be launched according to the local industry capability to supply the demand in equipment and services needed by the sector. Local industry has been struggling to keep up with the demand placed by O&G players already involved in pre-salt E&P in Brazil, which are all Petrobras partners, such as BG and others.

• Thursday, December 26th 2013 - 07:37 UTC

  FIFA calls on Brazil to work flat-out in the months ahead of World Cup June 12 kick-off

  

  FIFA secretary general Jerome Valcke says there is a huge amount still to do in preparations for the World Cup. In his end-of-year statement on FIFA.com, the Frenchman urges Brazil 2014 organizers to work flat out in the months before the June 12 kick-off in Sao Paulo to deliver on their promises.

• Thursday, December 26th 2013 - 07:31 UTC

  Gazprom confirms in has started production at Prirazlomnoye field on the Arctic shelf

  

  Gazprom has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement of their large-scale activities aimed at creating a large hydrocarbon production center in the region, according to the company.

• Thursday, December 26th 2013 - 05:43 UTC

  Falklands offshore exploration drilling agenda for Rockhopper

  

  Rockhopper Exploration has issued details of its next planned exploration wells offshore the Falkland Islands. The details were published on the Offshore site 23 December. Rockhopper was the first of several companies operating in Falklands waters to confirm the existence of oil and gas.

• Saturday, December 21st 2013 - 06:50 UTC

  IDB loan for Sao Paulo State to improve freight and passenger transport

  

  The Brazilian state of Sao Paulo will receive a loan for 480 million dollars from the Inter-American Development Bank (IDB) to improve freight and passenger transport in the state highway system in order to enhance competitiveness and regional and international integration by reducing transport costs and travel time.