Energy & Oil

Thursday, August 23rd 2012 - 00:58 UTC
Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.
Thursday, August 23rd 2012 - 00:50 UTC
Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.
Tuesday, August 21st 2012 - 22:08 UTC
Peru to punish “negationism”, denying a past of killings and destruction by terrorist gangs

The Peruvian government announced that it will be sending Congress a bill that punishes the negation of the terrorist violence suffered by the country during the last decades of the last century. The bill against “negationism” is in ‘support of democracy and a unified front against terrorism’ which is still active in some parts of the country in alliance with the drug lords.
Tuesday, August 21st 2012 - 22:01 UTC
Brazil with the lowest performance in the first half of 2012 among BRIC countries

Russian GDP growth in percentage terms surpassed Brazil in the first half of the year and even if the market still prefers Brazil’s diverse economy over Russia, the South American country is now dead last in terms of economic growth in the big four emerging markets, BRIC.
Tuesday, August 21st 2012 - 20:07 UTC
US families dump 40% of their food every year, says environmental group

Americans throw away nearly half their food every year, waste worth roughly 165 billion dollars annually or 2.275 dollars per average family, according to a study released on Tuesday by the Natural Resources Defence Council
Tuesday, August 21st 2012 - 19:07 UTC
US and Japan file complaints at WTO against Argentine import licensing rules

The United States and Japan launched on Tuesday complaints against Argentina at the World Trade Organization (WTO), alleging that its import licensing rules discriminate against foreign goods. The two complaints follow similar litigation brought by the European Union in May.
Tuesday, August 21st 2012 - 01:57 UTC
Re-re-election of Cristina Fernandez fully integrated to the political agenda of Argentina

Several groups allied to Argentine president Cristina Fernandez are actively promoting a constitutional review that would allow re-election for a third consecutive four year mandate. The last Argentine constitutional review was in 1994 when the four-year mandate was introduced with the possibility of an only immediate re-election, thus modifying the six year mandate but with no re-election.
Monday, August 20th 2012 - 21:14 UTC
Insufficient harvests and soaring prices anticipate another world food crisis

With droughts parching farms in the United States and near the Black Sea, weak monsoon rains in India and persistent hunger in Africa's Sahel region, the world could be headed towards another food crisis, experts say.
Monday, August 20th 2012 - 21:10 UTC
Royal Navy presents computer images of Type 26 combat ship planned for 2020

The latest design of the Royal Navy's Type 26 Global Combat Ship (T26 GCS), the next generation of warships, was unveiled on Monday. The UK Ministry of Defence has released images showing the basic specification of the T26 GCS, which is a significant milestone in the development of this program.
Monday, August 20th 2012 - 20:55 UTC
Falklands appoint landscape impact assessment consultant for new harbour development

The Falkland Islands government has appointed Macclesfield based consultancy Tyler Grange to undertake a landscape and visual impact assessment for a new harbour development near the capital Stanley.