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Snapple co-founder dies at 85
REYKJAVIK, Iceland, Jan. 5 (UPI) -- Iceland announced that it has granted licenses for arctic oil exploration and development to firms that include Norway's state-owned oil company Petoro.
The two licenses granted went to Faroe Petroleum and Valiant Petroleum, but Norway's Petoro will take a 25 percent share of both, the British Broadcasting Corp. reported Saturday.
"This is of course an important step. These are the first real licenses that we believe will be used, and they call for extensive research in the area," said Iceland's Minister of Industries and Innovation Steingrimur Sigfusson,
"The Norwegian participation is also important -- we think that it strengthens the matter in every way, not least to have the support of Norway and its massive knowledge in this field," he said.
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ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
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ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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