Petrobras has agreed to pay US$2.95 billion to settle a class action suit in New York brought on behalf of investors harmed by a huge corruption scandal at the Brazilian state oil giant, the company said on Wednesday.
Airlines recorded zero accident deaths in commercial passenger jets last year, according to a Dutch consulting firm and an aviation safety group that tracks crashes, making 2017 the safest year on record for commercial air travel. Dutch aviation consulting firm To70 and the Aviation Safety Network both reported there were no commercial passenger jet fatalities in 2017.
Researchers at an Oxford hospital have developed artificial intelligence (AI) that can diagnose scans for heart disease and lung cancer. The systems will save billions of pounds by enabling the diseases to be picked up much earlier. The heart disease technology will start to be available to NHS hospitals for free this summer.
New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.
Brazilian President Michel Temer signed a measure that paves the way for the privatization of Eletrobras, Latin America’s largest power company, according to a government official.
Delta Air Lines was the last company to retire the Boeing 747 to replace it with smaller and more fuel efficient aircraft
A fire was registered late Friday at the Refining Complex of Amuay, northwest of Venezuela. The accident baddly affected a distiller. El secretary of the Petroleum’s workers federation, Iván Freites, denounced irregularities due to the lack of maintenance and investment in the oil industry by the State’s PDVSA
Argentina's state-owned oil company YPF will pay US$ 114 million to Transportadora de Gas del Mercosur (TGM) to end a conflict that began in 2009 when the company suspended the shipment of natural gas.
Brazil's President Michel Temer has approved a law to create a National Mining Agency (ANM), according to a statement published in Wednesday's edition of the country's official gazette.
Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.