From Kurdistan to Somaliland, for independent oil companies, getting your hands on new exploration acreage where both technical risk and political risk are low is impossible. Exploring for oil and gas in new frontiers is all about striking the right balance between geological potential and political risk. Take it from Anglo-Turkish Genel Energy, the largest producer in the Kurdistan Region of Iraq (KRI), where it seems nothing can shake investor confidence right now.
Brazil said on Thursday it will start work early next year on a new Antarctic base to replace the one gutted by a 2012 fire. The new station would be modern and built with more resistant material, Navy Admiral Julio Soares de Moura told reporters as he unveiled the 54 million dollar project.
“Only God sets an ultimatum” said Uruguay’s President José Mujica in a laconic reply to Argentine Foreign Minister Hector Timerman demand (and countdown) to return to negotiations regarding the UPM pulp plant and Montevideo’s decision to allow an increase in production.
Channels nearly as tall as the Eiffel Tower gouge into the undersides of floating ice in western Antarctica. The recently discovered channels could influence how quickly Antarctic ice sheets slip into the sea, melt, and contribute to rising sea levels.
The Royal Navy's former ice patrol ship HMS Endurance is to be scrapped after the Ministry of Defense decided the cost of repairing the vessel, which flooded off the coast of Chile in 2008, was too great.
Environmentalist Marina Silva announced that she will not run for the Brazilian presidency in the 2014 polls, and instead will back Eduardo Campos, who will be the nominee for the Brazilian Socialist Party (PSB).
Residents from Gualeguaychú, Argentina confirmed that on Sunday they will attempt crossing an international bridge to Uruguay to protest the production expansion of the pulp mill Botnia/UPM, authorized by the government of President Jose Mujica. This despite the fact Uruguayan officials anticipated that at the most “eight or nine” Argentine officials and representatives from the protestors will be allowed to meet with their Uruguayan counterparts to discuss the situation.
The Cantabrian Maritime Museum (MMC) in the north of Spain has concluded the conditioning for its conservation of a giant squid that was found washed ashore in a beach of Asturias and which was catalogued as an adult female of the cephalopod “Architeuthis Dux” specie weighing 180 kilos and with a total length of eight metres.
Argentina will challenge Uruguay’s decision to expand pulp mill production at The Hague Court of Justice
Foreign Minister Héctor Timerman has confirmed that Argentina will go before the international court of justice at The Hague over the decision of Uruguayan president José Mujica, who on Wednesday authorised increased production at the UPM (ex-Botnia) paper plant.
Argentina’s latest government’s decisions on squid fishing show that the country’s fisheries policy is inconsistent and unsustainable, according to the president of Assistance Food Argentina SA and director of Assistance Food America Inc., Dr. Cesar Augusto Lerena.