Brazilian government controlled oil and gas corporation Petrobras announced the discovery of a new high-quality crude deposit in ultra-deep waters off Brazil’s south-eastern coast.
Brazilian president Dilma Rousseff decided to cut all relations with the Inter American Human Rights Court following on the CIDH decision to request that the construction of a huge dam in the Amazon be suspended, following an appeal from indigenous groups.
Argentina will press ahead with plans to develop a small-scale nuclear reactor over the next three years, even when last month‘s disaster in Japan prompted countries such as Germany and Brazil to reconsider projects.
Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).
The French energy giant Total and its Argentine partner, Tecpetrol, announced the discovery of a major natural gas find in Aquio in southeast Bolivia.
Colombia’s state-run petroleum company Ecopetrol announced the results of testing from an oil well in the south of the country with initial findings showing production levels to average 92 barrels of oil a day reported the Bogotá press.
Argos Resources Limited, the Falkland Islands based hydrocarbons exploration company, has reported that the company has completed the acquisition of 3-D seismic data over the entire area of its PL001 licence in the North Falkland Basin.
Chile is studying supplying neighbouring Argentina with electricity during the southern hemisphere's summer, when demand spikes, daily newspaper La Tercera reported Wednesday.
In the coming three years hydrocarbons exploration and exploitation in the extreme south of Chile will receive investment equivalent to over 400 million US dollars making Punta Arenas a hub for the regional oil industry.
Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.