The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.
Uruguay’s government is going forward with plans to build its first deepwater port along the Atlantic coastline in a place called “La Angostura”, an investment estimated in over 700 million dollars and which it wants to use as a platform to begin exporting iron-ore to China.
Argentina and Uruguay agreed a ban on hake catching in the shared maritime zone beginning next July first, confirmed on Thursday Uruguayan Aquatic Resources Department (Dinara) sources.
Brazil's National Oil Regulator (ANP) said on Wednesday that it is suspending the drilling rights of US oil major Chevron in national territory until it clarifies conditions of the recent oil spill in its Frade field.
Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.
The French search team has retrieved all salvageable bodies from the sunken wreckage of an Air France airliner which crashed in the sea off Brazil two years ago, victims' families said on Tuesday.
French police said a second body has been removed from the underwater wreckage of the Air France flight that crashed into the Atlantic Ocean nearly two years ago. A remote-controlled submarine raised a body that was still strapped into an airline seat some 3,900 metres to the water's surface Friday.
The United States must pay more importance to its strategic alliance with Brazil if it really wants to benefit from Petrobras’ recently discovered deep-water oil and natural gas reserves in the Atlantic Ocean, the company’s CEO, Jose Sergio Gabrielli, said.