Petrobras announced that it signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to exploit energy resources in Brazil and abroad. In the statement, Petrobras said that the deal will allow the two state oil companies to benefit from each other's capacity and experience in oil and gas production.
Brazilian farmers are discovering a serious obstacle to becoming one of the world’s top producers of soybeans: they’re running out of room to store all the unsold supply. The biggest harvest in the country’s history is poised to leave domestic inventories at a record, data from the processors’ group Abiove show.
Bolivian President Evo Morales accused his Chilean counterpart, Michelle Bachelet, of violating rules of the International Court of Justice (ICJ) in The Hague by “revealing” the content of the report filed by that country in the dispute over the use of the Silala River, while causing an “unnecessary” conflict in the media.
Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.
Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.
About a hundred government supporters stormed into Venezuela's opposition-controlled National Assembly, where they beat up several lawmakers. Witnesses said the confrontation came after an assembly session to mark the country's Independence Day, Wednesday July 5th.
The head of the European Union’s executive called its parliament “totally ridiculous” during a spat over low MEP attendance. After EU Commission President Jean-Claude Juncker thanked the few dozens of the 700-plus MEPs for attending a plenary session, he insisted that “parliament is not serious” for failing to show up in large numbers for the keynote debate of the day.
Antarctica’s Larsen C ice shelf deep crack continues to cut across the ice, leaving a huge chunk clinging on. When it eventually gives way, one of the largest icebergs on record will be set adrift, and whole or in pieces, ocean currents could drag it north, even as far as the Falkland Islands. And if so it could pose a hazard for ships in Drake Passage.
The first face-to-face meeting between U.S. President Donald Trump and Russian President Vladimir Putin will take place on the sidelines of the G-20 summit in Hamburg. The Kremlin says terrorism; Syria and Ukraine will top its agenda.
Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.