Chile and the Great Britain agreed Monday to set up permanent high level political dialogue and increase bilateral cooperation between the two countries. Collaboration will focus on energy, environmental and social issues.
Norway's leading hydrocarbons' company Statoil ASA announced Monday the acquisition of Hydro oil and gas ASA creating the world's largest offshore operator. The new company will have a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalents.
Argentina began this month ninety days oil and gas 3D seismic surveying of its continental platform in the Colorada Marina basin 200 miles off Mar del Plata.
The author of The secret war for the Falklands Nigel West called in Punta Arenas last week and together with local journalists visited the location in southern Chile where in May 1982 a Royal Navy helicopter involved in a failed secret mission had to land and was destroyed.
Uruguay accused Argentina of violating Mercosur regulations and Brazil of passive complicity by not reacting, and under these circumstances there's no way Mercosur can advance, claimed Uruguayan Minister of Economy Danilo Astori.
Privately owned carrier Air Madrid suspended all its flights on Friday, leaving tens of thousands of passengers stranded over Christmas and blaming its action on a development ministry threat to suspend its license.
At least 50 people were injured on Friday in a clash between supporters and opponents of Bolivian President Evo Morales' government, according local press reports.
Governments in Latin America and the Caribbean expect a fourth straight year of economic growth in 2006, topped by a jump of 12.5 percent in Cuba, according to a report issued Thursday by the UN economic agency for the region.
President Michelle Bachelet on Friday proposed a shake-up of Chile's widely admired but incomplete private social security system, urging a minimum government pension for 1 million elderly Chileans left out of the current program.
Venezuelan President Hugo Chavez has dismissed suggestions that Cuban leader and ally Fidel Castro has cancer, but said he was fighting a serious illness.