Brazil's government owned Petrobras confirmed this week the discovery of new natural gas reservoirs to the north of the Camarupim field, in the Espírito Santo Basin, off the southeastern coast of the country.
Colombian president Alvaro Uribe said he is willing to create a meeting zone to enable talks to take place with the country's Revolutionary Armed Forces, FARC, aimed at freeing rebel-held hostages.
Fishermen would make even more money than previously thought if they let depleted stocks rebuild, according to research from Australia and the United States. When fish are more plentiful it becomes easier and cheaper to catch them.
Venezuela's president Hugo Chavez has confirmed he will be in Buenos Aires for next Monday's taking office ceremony of elected Argentine president Cristina Fernandez de Kirchner and a week later he will be back in the River Plate but in Montevideo for the Mercosur presidential summit.
China said Wednesday it would tighten monetary policy in 2008 for the first time in a decade, as it battles to rein in a soaring stock market and an overheated economy. The shift from prudent to tight is a move analysts consider significant, but no major details to support the announcement were delivered.
A conservation group that has vowed to disrupt Japan's annual whale hunt launched its Antarctic campaign Wednesday by renaming one of its ships after Crocodile Hunter Steve Irwin, the late environmental campaigner.
President Nestor Kirchner, credited with leading Argentina out of an economic meltdown after his 2003 election, said Wednesday in a rare television interview that his president-elect wife would have a much better administration than his.
A FORMER British Paratrooper is petitioning the Prime Minister to allow Falklands War veterans to visit the islands using the United Kingdom Ministry of Defence low cost 'Indulgence' flight system.
Desire Petroleum plc (AIM:DES) is pleased to announce that Wavefield InSeis ASA has completed the full site survey programme on Tranches C, I and L as planned. The entire survey was successfully acquired in 6 days with no weather downtime.
The Bank of England announced Thursday a 25 points cut in the key interest rate from 5.75 to 5.5% following on fears of a slowing UK economy. The decision came as the BoE tried to strike a balance between rising inflation and further evidence that the housing boom is slowing and consumer confidence deteriorating.