Brazil's mostly government owned oil corporation Petrobras celebrated this week its entry to the select group of world companies with a market value over 100 billion US dollars.
Cuba reached its target of 3.9 million tons of oil and gas in 2006, while foreign companies in association with the local Cubapetroleo, CUPET, corporation continue exploration in 30 other wells, reported Havana authorities.
Summer has come to Argentina with a vengeance, bringing temperatures soaring above 40 degrees Celsius this week and almost unbearable loads on the power system.
In an effort to offset expected shortages in diesel fuel supplies, the Argentine government has announced a project to build a refinery that will require an about 2.3-billion-dollar investment which will be mainly made by some 30 private oil companies, with the exception of Royal/Dutch Shell, which is engaged in a dispute with the administration.
Brazil's government owned oil corporation Petrobras declared as Commercially Viable 19 new areas (16 offshore and 3 onshore) in the Espírito Santo, Campos, and Santos Basins. A few of them have become new oil and/or natural gas fields, while others have been incorporated into existing neighboring fields.
Royal Dutch Shell PLC announced Thursday it declared the Brazilian offshore BS-4 field in the Santos basin off the Rio do Janeiro coast, commercially viable.
Telephone lines and Internet service collapsed across much of Asia on Wednesday after two powerful earthquakes off the southern tip of Taiwan damaged undersea cables used by several countries to route calls and online traffic.
Four of the largest mining companies operating in Chile have joined forces in pursuit of reliable and affordable gas supplies.