Stories for 2013

Thursday, October 3rd 2013 - 06:54 UTC
Russian oil giant wants to sell stake in Orinoco project and get out of Venezuela

Lukoil, Russia's second-biggest oil producer wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil's head said on Wednesday.
Thursday, October 3rd 2013 - 06:48 UTC
US and Venezuela in reciprocating game of expelling diplomats

The United States has expelled Venezuela's top diplomat and two others, after Venezuela kicked out three U.S. diplomats it accused of plotting sabotage. The Caracas government criticized the US response, saying the Venezuelan diplomats had not been meeting with groups opposed to US President Barack Obama.
Thursday, October 3rd 2013 - 06:39 UTC
Berlusconi U turn saves Italian coalition but could mark the beginning of his demise

Silvio Berlusconi backed away from his threat to topple Italy’s coalition government in a humiliating political climb down on Wednesday that could fatally weaken his 20-year grip on Italian politics. The billionaire former prime minister was forced into the last minute U-turn by a revolt that threatened to shatter his conservative party.
Thursday, October 3rd 2013 - 06:35 UTC
‘Exasperated’ Obama warns Wall Street that Republicans could force the US to default on its debt

US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt. The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised.
Thursday, October 3rd 2013 - 06:31 UTC
Colombia, Chile and Peru move to integrate foreign exchange markets

Colombia, Peru and Chile announced on Wednesday the integration of their foreign exchange markets in the framework of MILA to facilitate money exchange operations between the three associates which add to a daily average turnover of 2,798bn. So far the Latinamerican Integrated Market, MILA, is operating with a combined stock market for the three nations.
Wednesday, October 2nd 2013 - 22:51 UTC
Brazil oil and gas output reached an average of 2.495 million boepd during August

Brazil's oil and natural gas output rose for the second time in three months in August as new output from giant offshore fields barely outpaced declines from the depletion of older areas and maintenance, oil industry watchdog ANP said this week.
Wednesday, October 2nd 2013 - 22:50 UTC
Rousseff names top military officer as head of the Olympic Public Authority

President Dilma Rousseff nominated a senior army officer to fill one of the top roles in organizing the 2016 summer Olympic Games in Rio de Janeiro. Major General Fernando Azevedo e Silva’s appointment to head the Olympic Public Authority, which coordinates the work of state and local governments, has gone to Brazil’s senate to be ratified, the nation’s official gazette said.
Wednesday, October 2nd 2013 - 16:47 UTC
Minister Swire opens the British embassy in Asuncion after a break of eight years

Foreign Office Minister Hugo Swire formally opened on Wednesday the British Embassy in Asuncion, Paraguay which will be headed by Ambassador Jeremy Hobbs. Accompanied by Paraguayan Foreign Minister Eladio Loizaga, he hailed the opening a symbol of the UK’s continued engagement in Latin America.
Wednesday, October 2nd 2013 - 16:22 UTC
Chevron reaches negotiated settlement in Brazil oil spill case after two year legal battle

A Brazilian federal judge on Tuesday dismissed a lawsuit against US oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over an oil spill in November 2011.
Wednesday, October 2nd 2013 - 16:11 UTC
Petrobras readies 60th anniversary announcing a million barrels production increase by next year

Brazil’s state oil company Petrobras, which will mark its 60th anniversary on Thursday, has announced it will increase production by 50% in an effort to overcome the current situation. Nine production units now being installed will pump an additional one million barrels a day beginning next year said Petrobras CEO María das Graças Foster.