Brazil's government owned energy giant Petrobras plans to increase investments by 48% in 2006 and forecasts the company will reach a daily production in the range of 1.9 million barrels, reported this week top officials from the company.
The Bolivian government ratified Tuesday its decision to increase the price of natural gas exported to Brazil and Argentina because it considers them unfair.
Colombian Army basic training exercises for recruits that involved scorching with a branding iron, beatings, near-drowning and sexual abuses ended Tuesday with the sacking of the commander of the force.
Falkland Islands flagged John Cheek arrived Tuesday afternoon to Comorodo Rivadavia escorted by the Argentine Coast Guard and is forecasted to have to remain at least two weeks before her situation is cleared.
Uruguay will formally ask this week the Organization of American States, OAS, to intervene in the bilateral dispute with Argentina over the construction of two pulp mills on the Uruguayan side of a river which acts as a natural frontier between the neighbouring countries.
Peruvian presidential candidate Lourdes Flores said that in the event of winning next April's election her administration would appeal to international courts to solve the sea limits dispute pending with Chile.
DAP Mares, a subsidiary from Punta Arenas Dap Airways purchased a ferry to operate in the area particularly during the Antarctic season.
U2 Irish rock band leader and social activist Bono met privately on Sunday with Brazilian President Luiz Inacio Lula da Silva in Brasilia and lauded the president's fight against poverty.
Via Australis the latest Chilean incorporation to the regional cruise industry was in Punta Arenas over the weekend preparing for her inaugural trip March 4.
Bolivian President Evo Morales reached an agreement with the United States to reduce surplus coca crops in the central Chapare region and adopt a zero cocaine policy.