Brazil's government owned oil company Petrobras announced plans to invest 112 billion US dollars in production, exploration and related activities in Brazil and overseas during the next five years.
As United States struggles with a sagging public image in many Latin American countries, US adults show a stunning ignorance about the region, a new Zogby Interactive poll shows.
Bolivia's leftist government warned energy companies yesterday they must commit to hefty investments before August 20 or risk being thrown out of the natural-gas rich country.
Twenty companies and consortia from eleven different countries have shown a firm interest in the exploration and production of hydrocarbons in Magallanes region in the extreme south of Chile.
Argentina is willing to invest heavily in the exploration and production of natural gas in Bolivia if the multinational companies, such as (Brazil's) Petrobras and (Spain's) Repsol-YPF, are not committed to the undertaking warned Argentine president Nestor Kirchner in Tarija.
British company Seawind has filed the environmental impact report (EIA) for an ambitious renewable energy project that would create Chile's largest wind farm.
The presidents of Venezuela, Bolivia, and Argentina signed on Friday agreements to share costs of energy production and convened funding for the construction of a gas separation plant near Bolivia's border with Argentina.
Ecuador and Venezuela subscribed Thursday an agreement for the construction of the largest crude refinery in the South American Pacific coast with a capacity of 300.000 barrels per day.
Despite calls from consumers for more crude to lower prices from near record highs, the Organization of Petroleum Exporting Countries, OPEC, does not believe it's necessary to raise output when it meets next September 11.
The Brazilian gas company Petrobras wants to export Liquefied Natural Gas (LNG) to the Chilean market.