Noble Energy Inc. (NBL) executives said on Thursday that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.
By an overwhelming majority, 36 to 1 and eight absences, the Paraguayan Senate rejected the Unasur Commitment with Democracy Additional Protocol considering it contrary to the sovereign interests of the country and which was the argument used by the regional organization to sanction and suspend Paraguay.
Paraguay is involved in low key negotiations with the region to find a way for the quick return of the country to Unasur and Mercosur, and Chile and Colombia are playing crucial roles in such discussions, according to media reports from Asuncion.
A socio-economic impact study on the effects of an oil development project on the Falkland Islands did not reveal any, “major new concerns which had previously escaped attention Director of Mineral Resources Stephen Luxton told Penguin News this week.
In a well illustrated piece the Daily Mail writes about the Falklands’ tourism industry and future prospects, including air links to the South Atlantic Islands, over which Argentina claims sovereignty.
The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.
The Global Editors Network (GEN) called on the world’s media to focus attention on a press freedom crisis in Argentina where independent journalism is facing a major threat on 7 December 2012, the day announced by the government for the break-up of the Clarin Group, the country’s main independent media organization.
Prominent Chinese dissident Wei Jingsheng on Thursday criticized the awarding of the Nobel literature prize to officially tolerated author Mo Yan, saying the move was meant to please Beijing.
Argentine opposition lawmakers presented on Thursday September’s ‘Congress inflation index’ based in the analysis of nine private agencies, which showed a 1.93% increase against the previous month and 18% in the first nine months of 2012.
Argentina is sending a top level ministerial delegation to Ghana to discuss the release of the Navy’s tall vessel ARA Libertad, retained in the African country following a Thursday court ruling which confirmed the seizure on the complaint from a hedge fund.