GeoPark Holdings has announced the successful drilling and testing of a new gas well - Yagan 1 - on the Fell Block in the extreme south of Chile at an initial production test rate exceeding 10 million cubic feet per day (mmcfpd) of gas.
China's Geely is expected to submit a bid to acquire Ford's Sweden's Volvo brand in a bold attempt to expand internationally. There are at least three other possible bidders, one of which is also a Chinese company, according to one of the people.
Peruvian president Alan Garcia has suggested Peru and Chile should coordinate copper exploitation policies so as to have better control over international prices. The initiative occurs twenty years after the dissolution of the last copper cartel in the world.
Brazil signed an agreement to supply China with 100,000 to 160,000 barrels of oil per day at market prices in exchange for a loan from the China Development Bank to help develop its huge oil reserves.
French conglomerate Bollore plans to submit a plan to develop Bolivia's Lake Uyuni lithium deposit one of the world's largest said a spokesman for Bolivian President Evo Morales who is currently visiting France.
Brazil's government-managed oil and gas corporation Petrobrás announced Friday its international 2009/2013 investment plan totalling 15.9 billion US dollars, of which 44% has been earmarked for allocation in United States and Argentina.
Kellog, Brown & Root, KBR, the engineering, construction, and services company, and its former parent, Halliburton, have agreed to pay a combined 579 million US dollars to settle US criminal and civil allegations that KBR bribed Nigerian government officials to obtain contracts.
Anglo-Australian miner Rio Tinto has announced that China's state-owned Chinalco is to invest a further 19.5 billion US dollars in the business. The move - China's largest investment in a foreign company - could see Chinalco increase its stake in Rio to 18% from the current level of 9%.
Four foreign companies are interested in mining lithium in Salar de Uyuni, the world's largest known deposit of that metal, with the aim of producing automobile batteries, a Bolivian government official said this week.
Brazil's government-managed oil and gas corporation Petrobras announced Wednesday its domestic Exploration and Production plan for 2009/2013 which involves 92 billion US dollars.