An Isle of Man oil and gas company has signed a license to explore an area off the coast of Uruguay.
Challenger Energy was awarded the licence by the Uruguayan regulator in July 2023.
The 13,000 square kilometres around 60 miles off South American coast could have up to two billion barrels of oil and around nine trillion cubic feet of gas.
Challenger has its registered offices on Alexandra Road in Castletown.
Island slips down finance centre rankings
The Isle of Man has dropped nine places in an index of the world's best financial centres.
Police raid egaming firm's offices
Police say they carried out raids at two offices of an egaming company this week.
Skills shortage strategy launched by DESC
A new strategy to tackle a skills shortage on the Island has been revealed.
Cav supports sports investment fund
Manx cycling star Mark Cavendish has joined the likes of football star Cody Gakpo and MotoGP rider Cal Crutchlow in a sport investment fund.
Chamber of Commerce says hospitality approaching crisis point
The Isle of Man Chamber of Commerce is asking the government to take urgent action to protect the future of the Island's hospitality industry.
Tax deadline approaches for employers
There's just a fortnight left for employers and contractors to get tax returns in.
Digital innovation for business event in Douglas this week
An event welcoming people from all business sectors across the Island is taking place later this week.
How loyal are you to your bank?
A company's asking for people to take part in a survey as it gauges customer loyalty on the Island.
