Investments

• Wednesday, November 23rd 2011 - 02:53 UTC

  Argentine minister tells industry to invest 30bn dollars annual to ensure 7% growth

  

  Argentine Industry Minister, Débora Giorgi, came on stage Tuesday at the Industrial Union’s annual conference to defend the “Kirchnerite economic model”, and warned that in order to keep an average growth of 7% as asked by businessmen, they would have to increase their annual investments to 30 billion dollars.

• Monday, November 21st 2011 - 14:31 UTC

  Falkland Oil and Gas begins drilling in the second quarter of 2012

  

  Falkland Oil and Gas (FOGL) confirmed on Monday it was holding talks with potential partners to look for oil and gas in the Falkland Islands and announced that the exploration rig slated to drill four wells in Falklands’ waters is expected in the Islands in late January 2012.

• Monday, November 21st 2011 - 03:52 UTC

  Chile opens ferry line linking Punta Arenas with Puerto Williams

  

  The new ferry that links extreme south ports of Chile was officially presented in Puerto Williams and is already fully operational ahead of the summer season.

• Friday, November 18th 2011 - 05:27 UTC

  Peugeot and GM Argentina promise not to remit dividends for two years

  

  The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

• Wednesday, November 9th 2011 - 07:24 UTC

  MPs visiting Falklands commit support to help with Argentine “blockade” situation

  

  British members of parliament visiting Falklands say UK will keep diplomatic channels with Argentine open, but will pursue other options for communications and trade

• Friday, November 4th 2011 - 08:39 UTC

  South African group awarded contract to build St Helena international airport

  

  The St Helena Government this week entered into a contract with South Africa’s Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation.

• Friday, November 4th 2011 - 08:31 UTC

  ‘Ocean Guardian’ oil rig leaves Falkland Islands waters by March 2012.

  

  The Ocean Guardian oil rig is Falkland Islands waters since February 2010 prepares to leave the Islands in early 2012 for a contract with another operator.

• Thursday, November 3rd 2011 - 08:03 UTC

  Desire Petroleum plc Press Release

  

  Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, announces that the rig contract with Diamond Offshore Drilling (UK) Ltd for use of the drilling unit the Ocean Guardian for operations in the North Falkland Basin has been amended.

• Wednesday, November 2nd 2011 - 03:53 UTC

  LAN and TAM move ahead with merger to be completed in early 2012

  

  Chilean flag-carrier LAN SA and Brazil's TAM SA have unveiled senior management changes as their plan to merge advances. The merger is expected to be completed in the first quarter, and will see the two airlines taken over by a new holding company, LATAM Airlines Group, the companies said in a statement.

• Saturday, October 29th 2011 - 03:42 UTC

  Falklands’ Desire Petroleum shows report confirming prospectivity of its licences

  

  Falkland Islands oil explorer Desire petroleum unveiled Friday a new competent person's report (CPR), which it hailed as confirmation of the “prospectivity” of its licences.