President Lula da Silva said that Brazil's booming ethanol business won't hurt the Amazon rain forest, dismissing criticism that the alternate fuel could cause deforestation.
Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.
Argentine president Nestor Kirchner denied emphatically on Wednesday that his administration was assessing the rationalization of electricity supply to homes and insisted that those versions are only looking to destabilize his government.
Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.
Argentina has requested energy assistance from Brazil to overcome the very extreme winter the country is suffering, according to sources in Brasilia reports the Brazilian press.
Uruguay's state-run energy company Ancap bought this week 90 service stations from Chevron Corp operated locally under the Texaco banner, for 22.5 million US dollars.
Electric energy cuts required by the national government affected operation levels for most of the country's fishery companies.
Almost 5.000 manufacturing plants have suffered from the latest electricity and gas restrictions, warned Argentina's Industrial Union, UIA, with blackouts equivalent to 40% of energy demand in a six to eight hours daily band.
Bolivia took control Tuesday of two refineries it bought back from Brazil's Petrobras following a long dispute over the final price and insurance policy reported the Bolivian news agency.
The Patagonian province of Santa Cruz and Petrobras signed an agreement for the exploration of two gas basins in the extreme south of Argentina, plus the possibility of further concessions to another foreign company.