The group, also made up of Total, Shell and two Chinese firms has won the right to explore the Libra oilfield’s estimated 8-12 billion barrels of recoverable oil reserves for the next 35 years.

Already entitled to a 30 percent stake in the project, as stated in the rules governing the auction of the Libra rights, Petrobras also obtained a further ten percent stake in the field. French oil giant Total and Anglo-Dutch Shell will hold 20 percent each, while Chinese state companies CNPC and CNOOC take ten percent each.

More and more organizations are outsourcing software product development but many are hard pressed to know much about managing a team that may be thousands of miles away on another continent. Too often, companies think about offshore product development (OPD) only as a means to cutting costs and accelerating time to market. Such an approach can produce poor results with your projects if you don’t take into account certain issues like cultural barriers, metrics and workflows.

Emerging markets such as the BRICS nations – Brazil, Russia, India, China, and South Africa – provide a wealth of opportunities for businesses looking to grow their global market share. Not only are these countries home to billions of potential customers, they are a great place to source materials and supplies at a low cost.

Construction of the Hinkley Point C plant in Somerset will be overseen by a consortium led by France’s EDF Energy and including Chinese companies China National Nuclear Corporation and China General Nuclear Power Corporation as minority shareholders in the project. The involvement of the two latter companies comes in the wake of an announcement by the UK Chancellor that Chinese firms would be allowed to invest in civil nuclear projects in the UK going forward.

The Senate, which is controlled by the Democrat party, passed by 81 votes to 18 a measure that extends the Treasury's authority to borrow until February 7. The Republican-controlled House of Representatives passed it by 285 votes to 144. Seen as a victory on the part of President Obama's Democrats and a defeat for the Republicans - in particular their Tea Party faction, which saw the budget crisis as an opportunity to undermine the President's health care, the vote signalled a return to work for hundreds of thousands of US government employees.

“Base Resources Limited is pleased to advise the commencement of ore processing through the mining unit and wet concentrator at the Kwale Project. Following two weeks of water commissioning and control logic testing, the first ore from the central dune has now been taken through the dozer trap mining unit and the wet concentrator,” read a company statement.

Hydro-Québec owns and operates 60 power-generating facilities across the province. It was created in 1944. “At that time it was essentially an electricity distribution operation, with some generation in the greater Montreal region,” explains President and CEO Thierry Vandal, who has led the company since 2005, having joined it in 1996. “That was the situation until 1963 when, through a number of acquisitions, the corporation grew to develop a footprint which covers all the territory of Québec. Hydro-Québec became a regional player.”

When President Jacob Zuma appointed Elizabeth Dipuo Peters to the post of Energy Minister in 2009 one of the key performance areas he asked her to progress was getting greater private sector involvement in power generation.

1994 will undoubtedly forever be the year that mankind associates with the modern South Africa. One does not need to be a historian to know that it was here that the days of apartheid slowly came to end, resulting in the multi-racial democratic election that brought Nelson Mandela and his African National Congress (ANC) to power.