Uruguay's energy situation is delicate, but not critical, however demand is higher than estimated and water reserves although sufficient are not being replenished as would be desirable admitted the country's head of the government owned electricity corporation.
Brazilian President Luiz Inacio Lula da Silva said the computers and hard drives stolen from the state oil company Petrobras last month contained information considered a state secret.
Brazil reiterated it does not have the capacity to give up a percentage of the contracted Bolivian gas provision thus helping to improve the Argentine energy situation.
Prospects identified from 850 square kilometers of 3D seismic in the North Falkland basin (South Atlantic) could contain 1.9 billion barrels of un-risked recoverable oil, estimated directors of Rockhopper Exploration PLC.
Spain's Repsol YPF announced Thursday that the sale of 14.9% of its affiliate in Argentina to that country's businessman Enrique Eskenazi will become effective next February 21.
Argentine group Eurnekian and Brazilian investment fund GP Investimentos have tied up to launch an offer to buy the Latin American Esso downstream assets of Exxon Mobil Corp, said a spokesman for Eurnekian in Buenos Aires.
Magallanes Region economic activity plummeted 22.7% during the last quarter of 2007 which meant the region ended the twelve month period with a surprising negative performance of 11.5%, according to the local chapter of Chile's National Statistics Institute, INE.
A presidential summit of Argentina, Brazil and Bolivia leaders is scheduled for next February 23 in Buenos Aires to try and find a solution to the anticipated shortage of Bolivian natural gas supply next winter if as estimated Argentine and Brazilian demand increases over last year's volume.
Argentina's president Cristina Fernandez de Kirchner claimed on Wednesday the government had already saved almost 600 megawatts in electricity as part of the joint Plan for Efficient Energy use.
A fuel supplier and freight company vital to the development of the Falkland Islands over the last two decades celebrates its twentieth anniversary since inauguration this year.