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Bureau of Economic Geology and China to Collaborate on CCS

This summer, China and the United States’ representatives met to continue a dialogue on carbon diozide emissions. During the meeting a MOU was signed for collaboration and knowledgre sharing with UK-China (Guandong) CCUS Centre, Southern Company, and Clean Air Task Force. Officials from China and the United States met in Washington D.C. this summer as…

Will oil prices keep falling?

Will oil prices keep falling?

A couple of months ago, energy expert Jorge Piñon told CNN that by September 5th, oil prices would fall below $50USD, attributing the fall to an overproduction of oil. Today, this overproduction continues and added to that, China economy decline contributes to the price hitting the $40s. Piñon also talks about Saudi Arabia’s capability of…

UT System and Mexican technology council form partnership

The University of Texas System established a new partnership with CONACYT. The agreement was established with the System’s 14 institutions with the objective of developing STEM-related research and academic programs for faculty and students. by Jenny LaCoste-Caputo, The University of Texas System, August 27, 2015 The University of Texas System took yet another important step…

The Austin Core Research Center

The Austin Core Research Center

The University of Texas at Austin, Jackson School of Geosciences, Bureau of Economic Geology’s Core Research Center (CRC) is the main repository for more than 500,000 boxes of rock cores and cuttings from wells around North America and the world. These samples are available for public viewing and research purposes. With facilities in Austin, Houston,…

University of Texas, Japan Collaborate on Next-Generation Energy Efficient Data Center

Japanese government agency, New Energy and Industrial Technology Development Organization (NEDO), and The University of Texas at Austin signed a Memorandum of Understanding with an intent of cooperation regarding energy efficiency when powering high-performance computers. NEDO will be investing $13 million in equipment, personnel, and construction costs to this project. The university will also use…

Oil at $77? Argentina Marches to a Different Drummer

Argentina houses the second-largest reserves of shale gas and fourth largest of oil in the world, by making their own rules it has been able to maintain high prices in oil. Since August 2012, their fuel prices have risen by 126%. by Pablo Rosendo Gonzalez, Bloomberg Business, August 24th, 2015 Oil at $77? It is…

14 Pre-qualified for 2nd phase of Mexico’s Round One oil auction

A recent announcement has been made that 14 bidders pre-qualified for Mexico’s 2nd phase of Round One. In order to make the pahse more attractive, the government had to modify the bidding rules. The term to make bids will open on September 30. by Fox News Latino, August 21, 2015 Fourteen prospective bidders – nine individual…

Oil prices fall to new six and a half year, below $42

In just one year, oil prices have fallen to a new low record going from $100 a barrel last year to $41.35 this past week. Most experts claim that this is due to oversupply. by CNN Money, August 17, 2015 Crude oil slipped to $41.35 a barrel on Friday, the lowest intraday price since March 2009….

CFE pays 635 million to transport gas from Texas to Mexico

Reducing its initial budget by 37%, CFE just signed a contract with Nueva Era Pipeline, LLC. to start building a pipeline that will transport gas from Texas to Monterrey and Escobedo Nuevo Leon in Mexico. This pipeline, which is expected to be commercially operating by 2017, will substitute the initally planned pipeline Colombia-Escobedo. by Francisco…

Mexico’s Pemex hails crude swap with U.S., expects permit this month

Marking another important milestone, U.S. government administration has decided to lift the ban and allow crude sales to Mexico for the first time. by David Alire Garcia, Reuters, August 17, 2015 A historic crude oil swap between the United States and Mexico is “great news” for both countries, and Mexican national oil company Pemex expects…

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