Royal Dutch Shell, Europe’s biggest oil company, isn’t liable in four out of five claims bought by Nigerian farmers for pollution, a Dutch court ruled. However the company’s local venture must pay compensation in one case.
The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, initial official estimates indicate. If confirmed, it would be the first contraction logged by the US economy since the 2009 global recession. The world's largest economy grew 3.1% in July to September.
Hydrocarbons exploration company Borders and Southern Petroleum announced on Monday that the development of its gas condensate discovery in the Falkland Islands is commercially viable. B&S made its Darwin (East-West) discovery in April and has been carrying out tests to determine the nature of its find.
By James Stafford - The Mediterranean has joined the shale game, but as most of Europe's Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria. For Israel, it will be a slow road without the majors.
The European Union27 international trade in goods with the Community of Latin American and Caribbean States, (CELAC), has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then.
The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.
Brazilian President Dilma Rousseff announced this week a deeper-than-expected cut in electricity rates, hoping to contain a recent spike in inflation, give manufacturers a boost and prop the flat economy.
The European Union is the “most desired strategic partner” of Latinamerica, although with different intensity, according to a report from the International Prospective Institute, IPI, released on Monday in Madrid and ahead of the coming EU/CELAC summit in Santiago de Chile.
A temporary port for the oil industry to the east of the Falkland Islands capital is under consideration, but will be removed once a deep water modern permanent sea terminal is constructed in Port William, according to local officials.
Uruguay will open on Monday 21 January its diplomacy archives to that Malvinas war veterans can consult classified information referred to the South Atlantic conflict when Argentina invaded the Falkland Islands in April 1982.