YPF SA, Argentina's largest oil company, agreed to explore for oil with Canada’s Alange Energy Corp. in Colombia that is attracting investors as it become South America’s third largest producer of oil behind Venezuela and Brazil.
The sale of power from landlocked Paraguay to Uruguay continues to be delayed because Argentina has come up with more demands before it allows transmission through its grid, according to Paraguayan officials.
European finance chiefs will consider how to dig Greece out of its financial hole just as markets batter the bonds of Spain and Italy, opening a new front in the debt crisis.
Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.
The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.
A commercial scale plant supplying Virgin Australia with aviation fuel derived from eucalypt trees could be up and running by 2014, announced on Wednesday the airline. In conjunction with three partners a demonstration plant in Western Australia is planned for 2012 and fully operational facility within three years
YPF Argentina reported Tuesday that its first offshore well drilled in the so called Malvinas basin proved dry. The operation was equally shared with Brazil’s Petrobras and Pan American Energy, a Chinese-Argentine group.
Caroline Graham from London's Mail on Sunday visited the Falkland Islands for a week and chance had it she arrived when a commercial oil strike was announced by one of the several companies exploring offshore the Islands.
Uruguay’s state owned power company UTE moved closer to linking with Brazil’s Eletrobras for wind projects after its board gave the go-ahead to explore a partnership.
Falkland Islands Argos Resources Limited reports encouraging progress on the processing and interpretation of its recently acquired 3D seismic data over its 100% owned licence PL001 in the North Falkland basin. With fast track processing of the 3D data Argos could be ready for exploratory drilling in late 2011/2012.