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India confirmed as top Asian buyer of Venezuelan crude in 2013: PDVSA

by James Bourne, Platts, July 2, 2014 India imported 403,000 b/d of Venezuelan crude in 2013, up 10.1% from 2012, while China imported 293,000 b/d, up 8.9% year on year, according to state-owned Petroleos de Venezuela, known as PDVSA. India did not import any refined products from Venezuela in 2013, according to PDVSA’s recently published…

Production from new fields boosted Peru’s crude output in May: ministry

by Alex Emery, Platts, July 16, 2014 Peru increased crude oil output in May as Perenco and Cepsa started production at their jungle fields, while natural gas and gas liquids output fell, the government said Wednesday. Crude oil production rose to 69,369 b/d from 63,833 b/d in May 2013, the Energy and Mines Ministry said…

Chile eyes use of U.S. shale gas in early 2016, ENAP says

by Fabian Cambero and Alexandra Ulmer, Reuters, July 15, 2014 (Reuters) – Chile’s state oil company ENAP said on Tuesday it would start using U.S. shale gas during the first half of 2016 via an ongoing supply contract with Britain’s BG Group Plc. Energy Minister Maximo Pacheco was quoted by local media last week as…

Chilean hydropower project unfeasible as is: Enel CEO

by Felipe Iturrieta and Rosalba O’Brien, Reuters, July 15, 2014 (Reuters) – If Chile’s proposed HidroAysen hydropower project is to move forward, it will have to be reformulated so that environmentalists and regulators do not object, one of the codevelopers of the massive project said on Tuesday. The $8 billion-plus project, a joint venture between…

Brazil eyeing Japan’s help in oil project

Agence France-Presse, via Globalpost.com,  July 20, 2014 Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports said Sunday. Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff will announce the use of Japanese technology in building a so-called “logistics hub” for…

Opening of Mexican Energy Sector Takes Step Forward

Senate Votes to Give Local Companies Greater Piece of Oil, Gas Projects by Juan Montes, The Wall Street Journal, July 18, 2014 MEXICO CITY—Mexico’s Senate voted Friday to give Mexican companies a greater role in energy projects under the landmark opening of the country’s oil and gas sectors, tightening the national content rules that President…

US should be ready if Petro Caribe tightens credit terms, study says

By Nick Snow, OGJ Washington Editor, Oil & Gas Journal, July 16, 2014 The possibility that Venezuela’s financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent…

Uncertain Energy: The Caribbean’s Gamble with Venezuela

by the Atlantic Council, July 16, 2014 The Obama administration must quickly adopt a range of transformative policies to avoid an energy crisis in the Caribbean and Central America, given the possibility that Venezuela’s financial support for energy imports to the region could erode quickly, according to the Atlantic Council’s Adrienne Arsht Latin America Center’s…

Cuba takes more pragmatic oil search route?

by David Casallas, Business News Americas, July 14, 2014 Cuba’s second oil development program seems to focus more on the known than unknown, Cuban energy expert Jorge Piñón told BNamericas. The analyst highlighted the enhanced oil recovery (EOR) terms of an agreement signed between the island’s oil company Cupet and Russia’s Rosneft during President Vladimir…

Congratulations to the Jackson School’s 2014 Statoil Fellows

Four Bureau graduate students are among those recently honored as Statoil research fellows for 2014. Jesse Berney, Stephen Schwarz, Gregory Hurd, and Sun Junzhe were awarded scholarships as part of Statoil’s program inviting student collaboration in real-world, hands-on research to answer some of the industry’s most challenging questions. The fellows are selected in a competitive…

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