In a formal presentation Argentina summoned Uruguay ‘to leave without effect’ its latest controversial decision allowing the Botnia/UPM pulp plant to increase its annual production and accused Uruguay of ‘unilateral violation’ of the River Uruguay statute which rules over the neighbouring countries shared-border waterway.
Chevron Corp will try to convince a US judge that a group of Ecuadorean villagers and their US lawyer used bribery to win a 18 billion dollars judgment against Chevron from a court in Ecuador, in the latest chapter in a long-running fight over pollution in the Amazon jungle.
China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows. The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data. Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA). In the US, the figure was 6.1 million.
The Argentine Foreign ministry denied on Friday it had given a two-day ultimatum to Uruguay to suspend the decision allowing the controversial Botnia/UPM pulp mill a production expansion and also demanded an immediate return to bilateral negotiations.
From Kurdistan to Somaliland, for independent oil companies, getting your hands on new exploration acreage where both technical risk and political risk are low is impossible. Exploring for oil and gas in new frontiers is all about striking the right balance between geological potential and political risk. Take it from Anglo-Turkish Genel Energy, the largest producer in the Kurdistan Region of Iraq (KRI), where it seems nothing can shake investor confidence right now.
Brazil said on Thursday it will start work early next year on a new Antarctic base to replace the one gutted by a 2012 fire. The new station would be modern and built with more resistant material, Navy Admiral Julio Soares de Moura told reporters as he unveiled the 54 million dollar project.
“Only God sets an ultimatum” said Uruguay’s President José Mujica in a laconic reply to Argentine Foreign Minister Hector Timerman demand (and countdown) to return to negotiations regarding the UPM pulp plant and Montevideo’s decision to allow an increase in production.
Channels nearly as tall as the Eiffel Tower gouge into the undersides of floating ice in western Antarctica. The recently discovered channels could influence how quickly Antarctic ice sheets slip into the sea, melt, and contribute to rising sea levels.
The Royal Navy's former ice patrol ship HMS Endurance is to be scrapped after the Ministry of Defense decided the cost of repairing the vessel, which flooded off the coast of Chile in 2008, was too great.
Environmentalist Marina Silva announced that she will not run for the Brazilian presidency in the 2014 polls, and instead will back Eduardo Campos, who will be the nominee for the Brazilian Socialist Party (PSB).