Investments

• Monday, September 2nd 2013 - 12:28 UTC

  Falklands’ Argos considering drilling finance options and confident about new exploration round

  

  Falkland Islands Argos Resources oil and exploration company have said that they are extremely well placed to participate in the next round of exploration drilling in the Falklands and they are continuing to consider various ways to finance drilling.

• Saturday, August 31st 2013 - 15:30 UTC

  Falklands’ lawmaker arrives in Uruguay to inform on business opportunities in the Islands

  

  Falkland Islands member of the Legislative Assembly Dick Sawle will be in Montevideo 2-6 September, after spending a week in Brazil involved in business, academia and informal political contacts sponsored by the Foreign Office. In Uruguay according to the official release MLA Sawle will inform about business opportunities with the Falklands and to strengthen the historical ties with Uruguay.

• Saturday, August 31st 2013 - 15:27 UTC

  Uruguay fearing the wrath of Cristina Fernandez denies authorization to expand pulp mill capacity

  

  The Uruguayan government fearful of Argentine President Cristina Fernandez’s reaction will not authorize the local UPM pulp mill to expand its production capacity from 1 million to 1.3 million tons annually, in the short term, according to company and government sources.

• Saturday, August 31st 2013 - 00:44 UTC

  Falklands’ first oil delayed as cost alternatives are considered

  

  Premier Oil exploring for oil in the Falkland Islands said the company is studying cost alternatives to its drilling operations and crude extracting sub-sea architecture for the development of the Sea Lion project, which could delay the original chronogram for first oil.

• Friday, August 30th 2013 - 01:02 UTC

  Falklands’ consultation on new deep port receives many suggestions and strong support

  

  The Falkland Islands government has released the findings of the public consultation document ‘Your Future – Your Say’ which show a very strong support for phased development of the new port, “to serve all its potential users,” according to an Executive Council paper.

• Friday, August 30th 2013 - 00:34 UTC

  China company takes 33% stake in US Apache Corp. oil and gas business in Egypt

  

  China Petrochemical Corporation, Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache 3.1bn dollars in cash for the stake. The deal is the latest in a series of similar moves by Chinese oil firms as they look to secure energy supplies to meet growing domestic demand.

• Thursday, August 29th 2013 - 23:54 UTC

  Falklands’ Noble Energy exploring for oil in disputed Caribbean waters supported by Nicaragua

  

  On 17 July, Nicaragua announced that US-based Noble Energy would invest 30 million dollars in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration.

• Thursday, August 29th 2013 - 03:39 UTC

  Neuquen legislature approves YPF/Chevron deal to exploit Vaca Muerta shale reserves

  

  The Argentine Patagonian province of Neuquén legislature approved by a comfortable majority the agreement struck between YPF and Chevron to exploit the Vaca Muerta shale gas reserves, after a day disrupted by fierce protests outside the provincial parliament.

• Wednesday, August 28th 2013 - 21:56 UTC

  Brazil raises benchmark interest to 9% hoping to rein in inflation

  

  Brazil raised on Wednesday its Selic benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation. The central bank's monetary policy committee, the Copom, voted unanimously for a third straight half percentage point rate rise.

• Wednesday, August 28th 2013 - 14:24 UTC

  EU Home Affairs Commissioner heads mission to examine Spanish controls at Gibraltar border

  

  Cecilia Malmstrom, European Commissioner for Home Affairs, will be heading the mission tasked with examining border controls imposed on Gibraltar by Spain while a second mission will address the ‘customs dimension’ issue, the European Commission has confirmed. British authorities will be involved in the EC probe of the Gibraltar frontier as will Spanish officials but no date for the visit has been set though it is expected within a few weeks.