A huge oil spill has washed to the shore north of Comodoro Rivadavia in Argentine Patagonia, threatening the rich marine life in the area according to reports from the Argentine press.
In its end of the year summing up Brazil's government managed oil corporation Petrobras announced Wednesday it has set another daily oil-production record in Brazil: 2.238,000 barrels, a mark only eight companies in the world have reached.
Uruguayan emergency teams are working this weekend round the clock to clean the sandy beach of the country's most exclusive sea-resort which suffered the consequences of an oil spill of an estimated 15.000 liters of crude.
Petrobras shares rose Friday a day after Brazil's government owned oil company said it found more oil in the offshore Santos Basin. Shares rose 4.88, or 4.5%, to $112.88 in afternoon trading.
Cuba's Raul Castro and Venezuelan President Hugo Chavez presided Friday in Cuba over the opening of the fourth Petrocaribe summit which will address the region's lack of sufficient energy resources.
Brazil's government controlled oil corporation Petrobras took a major step this week to increase production from the Roncador field in the Campos Basin offshore Brazil.
Falkland Oil and Gas Ltd said the results from its controlled source electromagnetic (CSEM) survey on its Falkland Islands exploration programme are encouraging, with positive CSEM anomalies indicating the possible presence of trapped hydrocarbons with the potential of significant resources.
Víctor Filichkin, head of Russian energy company Intermash, visited Chile last week to promote a potential nuclear solution to Chile's energy needs. Filichkin's visit coincides with the arrival of the new U.S. ambassador to Chile – touted as a nuclear energy expert – and the recent visit by Mohamed El Baradei, head of the International Atomic Energy Agency (IAEA).
Rockhopper Exploration reported Friday that Wavefield Inseis had successfully collected the site survey data over the Ernest prospect in oil exploration license PL024, 100km off the Falkland Islands.
Repsol YPF SA, Spain's largest oil company, discovered natural gas at a field in southeast Bolivia that may be large enough to supply the equivalent of 1% of consumption in its home country.