Guyana, one of South America’s poorest countries, struck oil. Will it go boom or bust?

Today, Guyana is one of South America’s poorest countries, with an average per capita annual income of around US$4,000. But within the decade, it could be among the richest. In 2015, ExxonMobil and its international partners discovered vast oil reserves off the Caribbean coast of this small country. By 2018, five new wells will be pumping out 120,000 barrels of Guyanese crude daily. Deep-water surveys...

The New South America

Latin America is taking giant leaps towards becoming a global superpower. Treasury Ministers Rodrigo Valdés and Nicolás Dujovne from Chile and Argentina respectively highlighted the importance of advancing towards the process of regional integration in order to the strengthen both economies. The most important topic, they denoted, is how both nations will continue to lead its own international alliance...

‘Heart of South America’: Bolivia Plans Bioceanic Train Connecting Atlantic, Pacific Oceans

The train will connect Peru’s Pacific coast to Brazil’s Atlantic shores. Bolivia plans to become „the heart of South America“ with a new train project that would connect the continent’s Atlantic and Pacific shores. „In the area of regional integration, Bolivia proposes to be part of the bioceanic train,“ Bolivia’s Deputy Minister of Planning and Strategy...

Suriname Due to Become Latest South American Nation to Waive Visas for Russians

The talks officially started in September 2016 to increase trade between the two countries. Suriname and Russia are strengthening their diplomatic ties as they prepare to sign a series of economic and military agreements, including a special travel deal. According to CaribFlame, the Russian Latin American Department director, Alexandr Schetinin, said an “agreement on visa-free travel for citizens...

Did early Easter Islanders sail to South America before Europeans?

Nearly 2000 kilometers from its nearest neighbor in the Pacific Ocean, Rapa Nui, also known as Easter Island, seems an unlikely crossroads for the world’s cultures. But in recent years, some scientists have argued that the island’s first inhabitants—Polynesians who settled there by 1200 C.E.—may have sailed all the way to South America and back, making contact with Native Americans long before...

The next big offshore oil boom will be in South America

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks up for auction, and only 37 found buyers. Too few, it...

MSC Cruises Prepares for the Holidays

MSC Cruises is busy getting ready for the holiday season, revealing details on their Thanksgiving, Christmas, Hanukkah, and New Year’s festivities. Highlights of the line’s seasonal voyages include: Thanksgiving on MSC Divina MSC Divina‘s November 18 departure to Jamaica, the Cayman Islands, Mexico, and the Bahamas will be a festive voyage with a Thanksgiving flair. Guests will enjoy a traditional...

Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru – Research and Markets

The report „Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru“ provides key insights on the emerging tourism destinations in South America. It covers domestic, inbound and outbound tourism flows and spending and, analyses key trends, drivers and growth inhibitors. South American economies have great growth potential, although...

Buenos Aires becomes first Green Award port in South America

Buenos Aires has become the first port in South America to join the Green Award. In a statement the Port of Administration of Buenos Aires said it had evaluated the advantages of several initiatives to encourage healthy and safe operations in the port and went for the Green Award. “Since the port is in a strategic location, the metropolitan area of the beautiful city of Buenos Aires, the Port Administration...

Antarctica attracting more visitors, many leaving from SA and South America

More people are flying to Antarctica from South African and South American shores for excursions into the continent’s icy interior. On Monday, the International Association of Antarctic Tour Operators (IAATO) released its 2016-17 tourism figures‚ ahead of its annual meeting in Edinburgh‚ Scotland. The total number of visitors travelling to Antarctica with IAATO members was 44‚367‚ an increase...