Cuba’s Power Grid Collapses, Triggering Nationwide Blackout
Cuba’s power grid has collapsed, causing a nationwide blackout and internet disruptions.
Last year, approximately $1.83 billion was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block, according to BP's annual report on its activities in Azerbaijan.
Of this amount, around $535 million was allocated for operational expenses, while $1.293 billion was spent on capital expenditures.
"In mid-April, the first oil was extracted from the new ACE platform, the seventh installed at the giant ACG field in the Caspian Sea. The first oil from the ACE platform came from the first well drilled at the end of 2023. In 2024, two additional production wells were brought online, increasing ACE's output to approximately 26,000 barrels per day by year-end," the report stated.
The report also highlighted that stable and safe production continued at ACG throughout 2024. The average daily production from ACG was around 342,000 barrels, totaling approximately 125 million barrels (16 million tons) for the year. By the end of the year, ACG had 148 active oil production wells, 46 water injection wells, and seven gas injection wells.
Additionally, during the year, 14 new oil production wells, three water injection wells, one gas injection well, and one well for reinjecting drilling waste were completed.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
The United States has proposed a "bridge" plan to extend the ceasefire in Gaza through April, aiming to facilitate negotiations for a permanent halt to hostilities and ensure the release of U.S.-Israeli citizen Edan Alexander.
Hamas announced on Friday that it agreed to release an American-Israeli dual national, believed to be the last American hostage held in Gaza. The release follows a proposal from mediators to resume negotiations for the second phase of a ceasefire deal.
The European Union will convene its 9th international Conference in support of Syria on 17 March, in Brussels. For the first time, Syrian interim authorities have been invited, together with representatives of the United Nations, Syria's neighbouring states and other regional partners.
The UN Human Rights Council's Working Group on Arbitrary Detention has dismissed Armenia’s claims regarding the detention of Ruben Vardanyan. The group confirmed that his detention by Azerbaijan is based on serious criminal charges, not political motives.
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