Mining companies may be required to pay a windfall tax in South Africa if the recommendations of finance minister Trevor Manuel's task team are implemented, South African daily Business Day reported this week.
Petrobras increased its share in natural gas exploitation in the south of Argentina acquiring the assets of US ConocoPhillips, announced Thursday the company in Buenos Aires
Energy Minister Karen Poniachik announced Tuesday that her ministry would begin technical studies into the potential use of nuclear energy in Chile. Facing criticism from both the governing Concertación coalition and opposition Alliance for delays in the government-mandated studies, Poniachik said the ministry would present a plan to assess the implementation of nuclear energy in March.
President Hugo Chavez's announced takeover of Venezuela's most promising oil-producing operations will likely increase strain on the country's heavily burdened state-run oil company and pressure production at the world's eighth-largest oil exporter.
Repsol YPF chairman Antoni Brufau on announcing Tuesday the discovery in Libya of its largest ever oil field and lower profits in 2006, admitted that the company was looking for another shareholder for its Argentine branch YPF.
Canadian company Methanex plant in Chile's southern region of Magallanes has seen natural gas supply fall 10% following an indefinite strike from oil and gas workers union in neighboring Argentina. Methanex is the world's leading producer or methanol.
Gazprom and Brazilian oil company Petrobras have signed last week an agreement on hydrocarbon cooperation, the Russian energy giant revealed in a news release Monday.
Venezuela's Hugo Chavez and Argentina's Nestor Kirchner inaugurated Wednesday the first well in the heavy-crude Orinoco strip to be operated by Argentine companies.
The Spanish oil consortium Respsol-YPF in planning to undertake seismic surveying in the Malvinas basin in 2008, and could invite Argentina's new government owned oil company Enarsa to participate in the operation
Chile's oil corporation ENAP began drilling for natural gas last February 15 in continental Magallanes Region in an area identified as Dorado-Riquelme to the north east of Punta Arenas.