The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.
Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).
Peru which currently holds the chair of Unasur, Union of South American Nations is promoting a new meeting of country members’ heads of state to address the political situation in Venezuela, Foreign minister Rafael Roncagliolo said on Thursday.
Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.
Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from Latinamerica and from the BRIC club of emerging economies to take the job.
Pope Francis will visit a favela (slum) and meet young prisoners when he travels to Brazil on his first international trip as pontiff in July, the Vatican announced on Tuesday. The Argentine born pope who has said he wants to make concern for the poor a hallmark of his papacy, will visit the Manguinhos slum in Rio de Janeiro on the fourth day of his July 22-29 trip to the world's largest Catholic country.
A large mass of granite has been found on the seabed off the coast of Rio de Janeiro, suggesting that a continent may have existed in the Atlantic Ocean, a Japanese agency and the Brazilian government announced this week.
Italy’s carmaker Fiat is upping its stake in Brazil, pouring about 7 billion dollars into local investments by 2016, according to a plan its CEO Sergio Marchionne handed President Dilma Rousseff on Monday.
Brazil's state-run oil company Petrobras found good quality oil in a sub-salt area of the offshore Santos Basin, one of the world's most promising oil frontiers, according to a securities filing by Petrobras on Tuesday.
The Brazilian Navy announced in Rio the winning proposal for the new Antarctic research base Comandante Ferraz which in February last year was destroyed by fire with the loss of two lives and damages in excess of 12 million dollars.