Energy & Oil

• Tuesday, January 29th 2013 - 03:42 UTC

  South Falklands gas condensate discovery in ‘technically and commercially viable”

  

  Hydrocarbons exploration company Borders and Southern Petroleum announced on Monday that the development of its gas condensate discovery in the Falkland Islands is commercially viable. B&S made its Darwin (East-West) discovery in April and has been carrying out tests to determine the nature of its find.

• Tuesday, January 29th 2013 - 02:57 UTC

  Betting on Mediterranean Shale: three players and one winner

  

  By James Stafford - The Mediterranean has joined the shale game, but as most of Europe's Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria. For Israel, it will be a slow road without the majors.

• Saturday, January 26th 2013 - 19:01 UTC

  EU27/CELAC trade experienced sharp decline in 2009 with strong recovery since

  

  The European Union27 international trade in goods with the Community of Latin American and Caribbean States, (CELAC), has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then.

• Friday, January 25th 2013 - 05:43 UTC

  Falklands make £8m transfer to “Oil Development Reserve”, future sovereign wealth fund

  

  The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.

• Friday, January 25th 2013 - 04:05 UTC

  “Turn the lights on” electricity rates are down Rousseff tells fellow Brazilians

  

  Brazilian President Dilma Rousseff announced this week a deeper-than-expected cut in electricity rates, hoping to contain a recent spike in inflation, give manufacturers a boost and prop the flat economy.

• Tuesday, January 22nd 2013 - 05:19 UTC

  Europe the “most desired strategic partner” of Latinamerica, according to Spanish report

  

  The European Union is the “most desired strategic partner” of Latinamerica, although with different intensity, according to a report from the International Prospective Institute, IPI, released on Monday in Madrid and ahead of the coming EU/CELAC summit in Santiago de Chile.

• Monday, January 21st 2013 - 16:12 UTC

  Plans for temporary oil industry port in the Falklands to develop Sea Lion field

  

  A temporary port for the oil industry to the east of the Falkland Islands capital is under consideration, but will be removed once a deep water modern permanent sea terminal is constructed in Port William, according to local officials.

• Sunday, January 20th 2013 - 22:20 UTC

  Uruguay opens historic diplomatic archives to Malvinas war veterans

  

  Uruguay will open on Monday 21 January its diplomacy archives to that Malvinas war veterans can consult classified information referred to the South Atlantic conflict when Argentina invaded the Falkland Islands in April 1982.

• Saturday, January 19th 2013 - 00:29 UTC

  Anywhere from 30 to 50% of world food production lost to waste, says engineers’ group

  

  The report “Global Food: Waste Not Want Not” by the UK’s Institute of Mechanical Engineers (IMechE) has found that 30-50%, or 1.2-2 billion tons, of produced food is wasted by poor storage, bad distribution and exacting quality standards in the developed world.

• Thursday, January 17th 2013 - 16:49 UTC

  Uruguay poised to grow 4% this year; Argentina and Brazil, 3.4%, says World Bank

  

  Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.