President Luiz Inacio Lula da Silva said that Brazil will budget about half a billion US dollars over eight years to complete its nuclear program, including uranium enrichment technology, a third plant and finishing the building of a nuclear-powered submarine.
Chile's Ministry of Mines announced this week that the period to acquire tender bases for the Magallanes Region oil and gas exploration project has been extended for another thirty days until Thursday August 9.
Argentina suspended Wednesday natural gas shipments to neighbouring Chile to ensure domestic supplies as one of the coldest winters in recent history grips Argentina, Chile, Uruguay and the south of Brazil.
Following the success of its previous Employee Share Option scheme which was taken up by 34 members of staff in Stanley, Falkland Islands Holdings Ltd (FIH plc) announced that under the terms of its latest Save as You Earn Employee Share Option Scheme on 5th July 2007 some 55 employees of The Falkland Islands Company Ltd (FIC) in the Falklands were granted an option to subscribe for ordinary shares in FIH plc.
Thousands of Argentines cheered and threw snowballs in the streets of Buenos Aires on Monday as the capital's first major snowfall since 1918 spread a thin white mantle across the region. The freezing spell also extended to Chile, Bolivia and Uruguay.
President Lula da Silva said that Brazil's booming ethanol business won't hurt the Amazon rain forest, dismissing criticism that the alternate fuel could cause deforestation.
Royal Dutch Shell is to launch a new exploration campaign in the Arctic north of Alaska in a bid to tap the region's vast oil and gas reserves.
Argentine president Nestor Kirchner denied emphatically on Wednesday that his administration was assessing the rationalization of electricity supply to homes and insisted that those versions are only looking to destabilize his government.
Increased demand for bio-fuels is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to a new report published by the Organization for Economic Cooperation and Development, OECD, and the United Nations' Food and Agriculture Organisation.
Argentina has requested energy assistance from Brazil to overcome the very extreme winter the country is suffering, according to sources in Brasilia reports the Brazilian press.