Uruguay Can Now Expand Offshore Drilling Projects 150 Nautical Miles

[soliloquy id=”20485″] After three years of negotiations, Uruguay finally signed an agreement with the United Nations which extends Uruguay’s continental shelf from 200 to 350 nautical miles. The additional 150 nautical miles of underwater land opens up the possibility for Uruguay to move forward with offshore drilling activities on an additional 80,500 square kilometers of underwater territory. According to the …

Uruguay Forestry Sector Producing Record Electric Power Generation

[soliloquy id=”20463″] Uruguay’s forestry boom continues to attract record levels of foreign investment in timberland, state-of-the-art pulp mills and biomass power plants. And just as the sector is giving back to Uruguay in the form of widespread conservation and reforestation efforts, timber company power projects are now giving the country something it needs to be more competitive: sustainable and affordable …

Foreign Companies Begin Oil Exploration In Uruguay’s Norte Basin

[soliloquy id=”20452″] The next chapter in Uruguay’s quest for reduced dependence on foreign oil commenced this week with the announced¬†seismic exploration of two large oil blocks in Uruguay. Dallas-based¬†Schuepbach Energy International (SEI) holds the concessions for the Salto block which occupies 925,000 acres entirely in Salto and the Piedra Sola block which encompasses over 2.5 million acres in four northern …

How Do Uruguay Farmland Prices Compare To The United States?

[soliloquy id=”20439″] The USDA just released their annual report of US farmland values, so we wanted to see how Uruguay farmland prices compare to one of the world’s largest producers and exporters of agricultural commodities. The USDA’s Land Values 2014 Summary breaks down the US farmland market into five main growing regions: Appalachian, Corn Belt, Lake, Northeast and Northern Plains. …

“Bigger & Business-Minded” Define New Wave Of Palermo Hotels

[soliloquy id=”20427″] The latest wave of hotels being built in the popular Buenos Aires neighorhood of Palermo are much larger than their predecessors and increasingly focused on the needs of business travellers. Changes In The Palermo Hotel Profile is the headline of Isabel Stratta’s analysis in iEco of the morphing lodging landscape in areas like Palermo Nuevo, Palermo Soho and …