Bolivia to boost incentives for gas exploration

Bolivia's government, which asserted greater state control over the Andean nation's natural gas sector seven years ago, says it will issue a decree to encourage investment in exploration. Vice President Alvaro Garcia Linera made the announcement at the inauguration of a gas and oil congress in the eastern city of Santa Cruz, where energy experts from nine countries have gathered. The ...

Flamengo denies Kaka interest

Flamengo's executive director Paulo Pelaipe has rejected reports the club is pursuing unsettled Real Madrid midfielder Kaka. The 2007 FIFA world player of the year has struggled for first-team football at the Santiago Bernabeu and is reportedly seeking a move during the European summer transfer window in a bid to revive his stalled career, reports Xinhua. But Pelaipe said Kaka's annual salary ...

Brazil oil firm sells partial stake in Tanzania block

Brazilian state-controlled energy giant Petrobras said Friday it sold a 12 percent stake in an oil block off Tanzania's coast to Norway's Statoil. The transaction, whose value was not disclosed, is part of a $9.9 billion divestment program Petrobras announced earlier this year. Petrobras will remain the operator of Block 6, a 5,549-sq. km area in the Mafia offshore basin, with a 38 percent ...

Sao Paulo eyes former Villarreal forward Nilmar

Brazil football club Sao Paulo are reportedly in talks to sign former Villarreal and Brazil international striker Nilmar. The 28-year-old, currently playing with Al Rayyan in Qatar, hopes a return to Brazil could lead to an international recall ahead of next year's World Cup, reports Xinhua. Nilmar has scored 17 goals in 26 appearances for Al Rayyan since joining the club July last year. Sao ...

Real Madrid sign Casemiro

Spanish football club Real Madrid has exercised its option of signing Sao Paulo loanee Casemiro on a permanent deal. The 21-year-old joined the Spanish giants on loan in January and made his Liga debut in a 3-1 victory over Real Betis at the Santiago Bernabeu April 19, reports Xinhua. A series of impressive performances for Real Madrid Castilla in Spain's second tier convinced club president ...