Energy & Oil

• 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.

• Monday, August 20th 2012 - 06:41 UTC

  Argentina accuses EU before WTO for restriction imposed on bio-fuel imports

  

  Argentina has taken the first steps toward formally accusing the European Union of violating World Trade Organization rules in a dispute over restrictions on bio-fuels exports to the EU from the Mercosur member country.

• Monday, August 20th 2012 - 01:42 UTC

  Ecuador insists in Mercosur interest, but admits it will be a long process

  

  Ecuador has reiterated its intention of joining Mercosur but this needs to be compatible with the rules from the Community of Andean Nations, CAN, (to which it now belongs) said Ecuadorean ambassador Horacio Sevilla Borja.

• Friday, August 17th 2012 - 07:02 UTC

  Falklands’ Desire updates oil potential of promising Elaine and Isobel prospects

  

  The AIM traded company Desire Petroleum said on Thursday it will seek industry partners to participate in the further exploration of the North Falkland basin based on the quality of its maturing prospect inventory.

• Thursday, August 16th 2012 - 05:02 UTC

  China soon to become Venezuela’s main trade partner; oil sales soared 60% this year

  

  Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.

• Wednesday, August 15th 2012 - 08:54 UTC

  Brazilian court listens to natives claims and suspends work on Belo Monte dam

  

  A Brazilian federal court has ordered the immediate suspension of work on the controversial Belo Monte hydroelectric plant, ruling that indigenous communities were not consulted. It was set to be the world's third-largest dam.

• Tuesday, August 14th 2012 - 23:23 UTC

  Petrobras says it struck light oil in deep waters offshore Sao Paulo state

  

  Brazil's state-managed energy giant Petrobras confirmed the presence of significant quantities of light oil in deep waters off the country's south-eastern coast. Petrobras said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometres off the coast of the Sao Paulo state, in the BM-S-8 block.