BP announced on Friday that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for US$375 million. On closing, BP will also reimburse Eni for BP's share of past expenditure. As part of the agreement, BP also has an option before the end of 2017 to buy a further 5% interest in the concession under the same terms.
With a new law to help seize and repatriate illicit wealth stashed in Swiss banks by foreign dictators and a positive – but slow - track record, Switzerland is a leader in the return of illicit dictator funds, a top Swiss official claims. Over the past 30 years Switzerland has returned almost US$ 2 billion misappropriated and deposited in Swiss banks by “politically exposed persons” (PEPs).
The most expensive destroyer ever built for the United States Navy has suffered an engineering problem in the Panama Canal and had to be towed to port. U.S. The 3rd Fleet spokesman Commander Ryan Perry says a vice admiral has directed the USS Zumwalt to remain at ex-Naval Station Rodman in Panama to address the issues. The ship was built at Bath Iron Works in Maine.
President-elect Donald Trump named KT McFarland as deputy national security adviser and Donald McGahn as his White House counsel. McFarland served in three separate Republican administrations, most notably as a spokeswoman for Defense Secretary Caspar Weinberger under Ronald Reagan.
By UN Secretary General, Ban Ki-moon - At long last, there is growing global recognition that violence against women and girls is a human rights violation, public health pandemic and serious obstacle to sustainable development. Yet there is still much more we can and must do to turn this awareness into meaningful prevention and response.
Argentina's ex president Cristina Fernandez has been ordered to court next Tuesday by federal magistrate Claudio Bonadio, and warned that should she not abide she will be taken by public force to comply with the registry of finger prints and undergo a socio-environment report. The decision refers to the dollar futures case for which the ex president has been indicted.
Fidel Castro, the fiery communist politician and Cuban revolutionary who led his country for almost half a century, has died. His health had been deteriorating since 2006, when he suffered from intestinal bleeding. He was 90 years old.
Peru's Economy and Finance Minister Alfredo Thorne said Thursday his country is set to record a growth of 4.8% as next year's budget was passed. Private investment in areas such as infrastructure will be the key.
Otto was by Thursday a dangerous Category 2 hurricane on a sparsely populated stretch of the Caribbean coast of Costa Rica and Nicaragua, while heavy rains from the storm were blamed for three deaths in Panama this week.
Argentine province governors of the opposition Justicialist (Peronist) Party now embodied in the Kirchnerite Victory Front (FpV) Thursday instructed their representatives on the national Senate to vote against President Mauricio Macri's proposal for an reform that would include electronic voting tickets.