Politics

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 - 07:51 UTC
The Economist’s country of the year: Uruguay

Human life isn’t all bad, but it sometimes feels that way. Good news is no news: the headlines mostly tell of strife and bail-outs, failure and folly.
Thursday, December 26th 2013 - 07:43 UTC
Trickle-down economics in one of South America’s poorest countries, Paraguay

The Economist has dedicated an article to the recently inaugurated Paraguayan president Horacio Cartes, and his attempts to improve the living conditions of the majority of a population which is poor in a country rich in agriculture and energy.
Thursday, December 26th 2013 - 06:00 UTC
UK sponsored 'innovation vouchers' for Chilean small and medium sized enterprises

Fifteen “innovation vouchers” were awarded to Chilean (Small and medium enterprises), SMEs who will now begin working with project teams from the Universidad Católica, Universidad de Desarrollo and Universidad de Santiago to improve their company’s products and services.
Thursday, December 26th 2013 - 05:52 UTC
US economy picking up strength according to third quarter data

The United States economy grew at a surprisingly robust 4.1% annual pace in the third quarter according to the Commerce Department, which was the strongest advance in nearly two years and only the third time the economy had expanded that quickly from one quarter to the next since 2006.
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.
Tuesday, December 24th 2013 - 06:36 UTC
Merry Christmas from MercoPress

MercoPress wishes a Happy Holiday season to all its readers.
Monday, December 23rd 2013 - 13:27 UTC
Argentina successfully launches rocket; “program to recover defense capabilities”

Argentina successfully launched a research rocket as part of its space program, the Defense Ministry said on Friday. The launch took place on Wednesday from Chamical, in La Rioja province, 880 km northwest of the capital.
Saturday, December 21st 2013 - 21:22 UTC
Uruguay Economy minister resigns over scandal involving flag air carrier Pluna

Uruguay's economy minister Fernando Lorenzo resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of Pluna, the country's flag carrier, President Jose Mujica announced at a brief press conference, with no questions taken, next to Vice president Danilo Astori.
Saturday, December 21st 2013 - 05:56 UTC
Struggle to end with 'shreds of colonialism' (Malvinas) must continue, said Mujica

Uruguayan president Jose Mujica thanked Senator Luis Rosadilla for the gesture of having volunteered to join Argentine forces back in 1982 when the Malvinas conflict broke out and said the struggle for Latin American territory continues and an end to shreds of colonialism is 'a commitment with a motherland still to be constructed and waiting'.