Greater Gabbard wind farm, which is reportedly the second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened off the British coast of Suffolk by the Energy and Business Minister Michael Fallon.
Amazon.com Chief Executive Officer Jeff Bezos agreed to buy The Washington Post for 250 million dollars, vaulting the e-commerce magnate into the struggling newspaper industry. Bezos is making the deal as an individual and not as part of Amazon, the world’s biggest online retailer, according to a statement on Monday.
A Falkland Islands government statement of policy principles on port location and oil infrastructure development passed at Executive Council last week has been met with opposing views from members of the private sector, reports the Penguin News.
Free trade agreements, FTA, signed by the European Union with Colombia, and with Central American countries Honduras, Nicaragua and Panama became effective August first as part of the EU strategy to eliminate tariffs on trade with Central American and the Andean region.
Brazilian President Dilma Rousseff moved quickly this week to improve bus services in the metropolis of Sao Paulo, where protests over a fare increase in June triggered an outburst of national discontent that battered her popularity and questioned the country’s infrastructure for two major world events in 2014 and 2016.
The Economist in its latest printed edition addresses Argentina’s challenges in the energy field including the seizure of a majority stake in YPF from Spain’s Repsol and the latest agreement with US oil company Chevron to exploit shale oil and gas.
The European Central Bank left interest rates at a record low 0.5% on Thursday and said that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until well into next year at the earliest, although the central bank will give no time horizon for when rates might move.
Norwegian company FMC Biopolymer converts seaweed to alginate for use in thousands of products with an advanced 24 hour chemical process. ABB has supplied process automation, motors and drives to FMC Biopolymer for more than 20 years.
Premier Oil, the British North Sea's oldest company outside the oil majors, is turning away from the region for future exploration opportunities such as the Catcher and the Sea Lion project in the Falkland Islands, according to a report published by Reuters.
The Canadian town of Fort McMurray, population 76,000, is the heart of Alberta's oil sands largesse--but the town is bursting at its seams with nowhere to expand because the land surrounding it is owned by oil companies.