Investments

• Thursday, December 12th 2013 - 22:24 UTC

  Falklands oil industry teams up with Scotland's oil service business sector

  

  A successful and well attended conference took place at the Aberdeen Exhibition and Conference Centre on the 4th December 2013 to open up business links between the Falkland Islands and Scotland’s oil service business sector. This event was the second of the two planned events from the project known as FalkLink.

• Wednesday, December 11th 2013 - 00:06 UTC

  Beijing virtually 'takes over' the Caribbean island of Dominica

  

  Dominica and China have signed a new 300 million dollars cooperation agreement that includes the construction of a hotel, construction of an international airport and building a new hospital. The sum involved is equivalent to a third of the small Caribbean island GDP, which could mean Beijing virtually is 'purchasing' the small territory.

• Wednesday, December 11th 2013 - 00:04 UTC

  Colombia finds new reserves; targets 1.3m bbl production by 2020

  

  Colombian state-owned oil company Ecopetrol and Canada's Talisman Energy Inc said on Monday they had discovered an estimated 1.3 billion barrels of oil in southeastern Colombia and that about a tenth of it was likely to be recoverable. The announcement was the second in a week for Ecopetrol and an important addition to the diminishing reserves the country has been urgently trying to boost. The Andean nation also expects to eventually exploit shale oil and gas.

• Tuesday, December 10th 2013 - 22:49 UTC

  IMF extends Argentina a new deadline for CPI and GDP statistics

  

  Directors of the International Monetary Fund (IMF) announced on Monday that they will give Argentine authorities an extended deadline in order to improve upon disputed national statistics, giving the nation until March 2014 to make the necessary changes.

• Tuesday, December 10th 2013 - 22:43 UTC

  Pacific Alliance conference on preventing corruption in public infrastructure projects

  

  With the support of the British Embassies in Peru, Mexico, Panama, Costa Rica and Chile, representatives of these countries will participate in a meeting, focused on how to prevent unlawful practices in public infrastructure construction projects.

• Monday, December 9th 2013 - 14:09 UTC

  Chilean presidential debate first round favors under-dog Matthei

  

  Evelyn Matthei of the right-wing Independent Democratic Union (UDI) and Michelle Bachelet of the left-leaning Socialist Party (PS) partook in their opening head-to-head presidential debate, as for the first campaign in Latin American history two women compete against each other in a presidential election second round.

• Wednesday, December 4th 2013 - 01:22 UTC

  Fitch creates an Argentine/Uruguay domestic credit rating branch: FIX-SCR

  

  Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.

• Wednesday, December 4th 2013 - 00:30 UTC

  Petrobras finds unconventional petroleum in Argentina's Vaca Muerta shale deposits

  

  The Argentine unit of Brazilian state-controlled oil giant Petrobras said on Monday that it discovered unconventional petroleum in Argentina’s Vaca Muerta formation. The well is part of the Rincon de Aranda concession in Neuquen province, operated by Petrobras Argentina in a 55%/45% partnership with French oil major Total.

• Monday, December 2nd 2013 - 19:49 UTC

  Inflation and competitiveness, Uruguay's main challenges for next year and a slower growing economy

  

  Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on “Prospects for 2014 and economic challenges for the next government”.

• Monday, December 2nd 2013 - 18:51 UTC

  Mexico confirms interest in joining YPF to develop of Vaca Muerta shale

  

  Mexico's government owned oil company Pemex is getting closer to an understanding with YPF after playing a crucial role in brokering a deal between Argentina and Spain regarding the April 2012 seizure from Repsol of a majority stake in YPF. Pemex apparently is interested in having a share at the Vaca Muerta oil and gas shale deposits in Patagonian Neuquén.