A Manx-based company has become one of the largest players in a South American country's offshore gas and oil exploration.
Challenger Energy Group, registered in Alexandra Road in Castletown, has won a bidding contest for the rights to explore for oil and gas in a huge tranche of shallow sea off Uruguay.
The new block means the company has rights to 28,000 square kilometres off the Uruguayan coast.
It's thought the area could contain up to 500 million barrels of oil and around 9 trillion cubic feet of gas.
Douglas based law firm appoints new advocate
Island bar beats out tough competition to win prestigious award!
Indian government investigating money laundering through the Island
Have your say on changes to employment law!
Peel gym is getting a makeover!
Chance for Manx producers to win a government competition
Could you run the beer tent at one of the Island's biggest events?
Island-based company that provides AI for dating apps is expanding
