• Nigeria grows oil reserves to 37.5 billion barrels

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday, said the nation’s oil and gas reserves has risen to 37.50 billion barrels as at January 2024, as against 37.046 billion it announced in May 2022.

  • Mets' Brandon Nimmo impressed by 'unbelievable' Dodgers after $1 billion spending spree

    “They felt like they had the pieces in place, and they wanted to bring everything they could to supplement that,” Nimmo said before his Mets opened a three-game series Friday at Dodger Stadium.

  • Brazil: Búzios deepwater field produces 1 billion barrels of oil in March

    The Búzios Field in the Santos Basin, the largest ultra-deepwater facility of that kind worldwide, produced 1 billion barrels of oil in March, the state-owned company Petrobras announced this week, Agencia Brasil reported. Petrobras operates the field in a consortium with Pré-Sal Petróleo (PPSA) and the Chinese companies CNOOC and CNODC.

  • The Australian Defence Formula: Spend! Spend! Spend!

    The skin toasted Australian Minister of Defence, Richard Marles, who resembles, with each day, the product of an overly worked solarium, was adamant. Not only will Australians be paying a bill up to and above A$368 billion for nuclear powered submarines it does not need; it will also be throwing A$100 billion into the coffers of More

  • Defence set for spending boost as strategy unveiled

    Defence will be given an extra $50 billion over the next decade as part of a shake-up of the Australian military. Launching the first national defence strategy in a major speech on Wednesday, Defence Minister Richard Marles unveiled a boost to spending in the sector, citing the most challenging strategic environment since World War II. […]

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    Canada plans to invest billions in artificial intelligence

    Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Trudeau’s Liberal government has been rolling out previews of the federal budget they’re set to table on April 16th. Included in that budget, is a proposed Artificial Intelligence and Data Act, and $2.4-billion to help bolster Canada’s AI sector. We welcomed media and tech consultant Mohit Rajhans for more.

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    Canada's 2024 budget sees billions in new spending

    Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Budget 2024… titled “Fairness for Every Generation.” It has people talking online because the federal Liberals are spending more than $52 billion more than planned over the next five years. With interest rates at a 20-year high, Ottawa’s cost to borrow has spiked from just over $20 billion in 2020 to a whopping $54.1 billion […]

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    Billions of new spending announced in 2024 federal budget

    Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Finance Minister Chrystia Freeland is promising billions in new spending in the federal budget, while also laying more taxes on the highest earners. Freeland announced this year’s federal budget inside the House of Commons Tuesday afternoon. After weeks of teasing many budgetary items, the Liberal government unveiled its plans on how it intends to offset […]

  • Brazil: Búzios Field Reaches 1Bln Barrels Of Oil

    By Vinícius Lisboa The Búzios Field, located in the Santos Basin, is the largest ultra-deepwater field in the world. By the end of March, it reached the milestone of producing 1 billion barrels of oil, as announced on Monday (Apr. 15) by Brazil's state-run oil company Petrobras. In June last year, Búzios had already recorded

  • IEA shares forecast on Azerbaijan's oil output in 2025

    BAKU, Azerbaijan, April 12. Azerbaijan's oil production volume in 2025 is projected to stand at 0.62 mb/d.

  • South Korea To Invest $7 Billion In AI By 2027

    South Korea will invest almost $7 billion in artificial intelligence by 2027 in an effort to become a global leader in cutting-edge semiconductors, President Yoon Suk Yeol said Tuesday.The country is home to Samsung and SK Hynix -- the world's top two makers of memory chips, including the premium high-bandwidth memory (HBM) used in the hardware that powers AI.The semiconductor industry is a crucial pillar of South Korea's export-driven economy, and Yoon told a high-powered meeting of officials...

  • The pro-Israel groups planning to spend millions in US elections

    A handful of groups, led by Aipac, have been a powerful force in American politics – but has Israel’s war in Gaza changed the equation?A handful of pro-Israel groups fund political campaigns in support of individual candidates in US elections, led by the American Israel Public Affairs Committee (Aipac), a powerful force in American politics. Before the 2024 election, Aipac plans to spend tens of millions of dollars against congressional candidates, primarily Democrats, whom it deems...