Energy & Oil

• Friday, December 23rd 2011 - 14:37 UTC

  Uruguay criticizes Mercosur for shortcomings in trade and infrastructure

  

  One day after the summit in Montevideo, Uruguay criticized the functioning of Mercosur, particularly the lack of cooperation, trade barriers and impediments and delays to essential infrastructure works for the group.

• Friday, December 23rd 2011 - 05:32 UTC

  The Independent: “Time to talk about the Falklands”

  

  In an Opinion piece, “Time to talk about the Falklands”, The Independent suggests the time might have come to defuse the situation in the South Atlantic and take up last year’s offer from US Secretary of State Hillary Clinton to broker between Britain and Argentina.

• Friday, December 23rd 2011 - 04:33 UTC

  HMS Illustrious ready to take over as on-call helicopter carrier from HMS Ocean

  

  As when she first joined the Fleet in 1982, HMS Illustrious has once again been formally welcomed into the bosom of the Royal Navy with a rededication ceremony at sea. The aircraft carrier held the ceremony as she returned from Hamburg - the ship's first visit to a foreign port in more than two years.

• Thursday, December 22nd 2011 - 21:02 UTC

  Hague and Almagro to discuss Falklands’ flagged vessels restrictions on Friday

  

  Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo

• Thursday, December 22nd 2011 - 20:59 UTC

  Uruguay Navy says there is no legal impediment for Falklands’ flagged vessels to operate in Montevideo

  

  A report from the Uruguayan Coast Guard argues there is no legislation impeding Falklands/Malvinas flagged vessels from operating in the port of Montevideo. The report was handed to the Uruguayan Ministry of Foreign Affairs which is drafting a protocol regarding what ships can and which can’t access Uruguayan ports.

• Monday, December 19th 2011 - 03:15 UTC

  Storm sinks Russian oil drilling rig off Sakhalin in 20 minutes: 49 crew lost

  

  An oil drilling rig with 67 crew members on board capsized and sank off the Russian far eastern island of Sakhalin (North Pacific, Sea of Okhotsk) when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.

• Friday, December 16th 2011 - 06:23 UTC

  French PM from Brazil admits new “jolts” can be expected in the Euro zone

  

  French Prime Minister Francois Fillon said his country is likely to face new “jolts” from the Euro zone debt crisis amid rumors it could lose its triple-A credit rating.

• Thursday, December 15th 2011 - 17:58 UTC

  Brazilian prosecutors suing Transocean and Chevron 10bn dollars for oil spill

  

  Brazilian federal prosecutors are suing Transocean Ltd and Chevron Corp for 20 billion Reais (10.6 billion dollars) in environmental and social damages and asked a court to suspend their operations, according to a statement yesterday.

• Wednesday, December 14th 2011 - 16:48 UTC

  OPEC agrees 30m bpd supply target; Saudis want oil below 100 dollars per barrel

  

  OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.

• Wednesday, December 14th 2011 - 03:45 UTC

  Brazil’s development bank helping finance wind energy farms

  

  Brazil’s development bank, Banco Nacional de Desenvolvimento Economico e Social, BNDES, will provide 1.8 billion Reais (966 million dollars) to finance wind farms as the renewable energy source dominates government auctions for new power capacity.