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UT Jackson School of Geosciences Aims to Enhance Research in Mexico

by Valerie Jones, Rigzone, February 23, 2015 With a focus on building future professionals in the energy sector and continuing academic research in earth sciences and engineering, The University of Texas at Austin (UT) Jackson School of Geosciences and the National Autonomous University of Mexico (UNAM) have strengthened collaborations with each other in the fields…

Oil’s slump a blow to Mexico amid touted energy reforms

by Peter Orsi, Associated Press, February 11, 2015 The lowest oil prices in nearly six years couldn’t have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades. The landmark energy reform aimed to boost revenue by enabling Mexico to tap undeveloped…

Las petroleras auguran un barril de crudo a precios bajos en 2015 y no ven una recuperación “rápida”

by Europa Press, February 11, 2015 Las petroleras consideran que el barril de crudo mantendrá a lo largo de 2015 su comportamiento de precios bajos, por debajo de los 100 dólares, y que no se producirá una recuperación “rápida”, como sí ocurrió en anteriores crisis. En el ‘Encuentro del Sector Energético’ organizado por el IESE…

Es posible ver el petróleo a 38 dólares a corto plazo

by Gabriele Ferluga,Cinco Días, February 16, 2015 Director del Programa de Energía y Medio Ambiente de la Universidad de Texas en Austin y director interino del Centro Internacional de Política Energética y Medioambiental, Jorge Piñón es, por su carrera de más de 30 años en el sector energético, uno de los máximos expertos mundiales de…

Crude Oil: The Trends in the Coming Months

Crude Oil: The Trends in the Coming Months

Our very own Jorge Piñon speaks with CNN’s Xavier Serbia about the trends of crude oil prices in the coming months. As the price of crude dips down to prices not seen since 2008 there those who say the price will reach $100 levels by the end of 2015 and those that oppose that theory.

Pemex to deliver at least three Suezmaxes to Asia from Salina Cruz

Pemex is set to deliver 1 million-barrel cargo of Isthmus crude to Japanese refinery Cosmo who operates at 147,500 b/d.  As a way to focus exports of crude from its Pacific Coast ports Pemex will also be exporting 1 million barrels of Isthmus to Korea’s GS Caltex. by Richard Capuchino, Platts, January 20, 2015 Mexico’s…

Venezuela looks for short-term relief in Citgo debt sale

In an effort to curb its declining economy, strapped-cash Venezuela looks to sell its U.S. refining Citgo to sell USD 2.5 billion of its new debt.  Amid worries of defaulting due to a drop in crude oil prices, Venezuela has around USD $10 billion in debt payments that it would like to pay off. Even…

Dominican Republic to attend Caribbean Energy Security Summit

US Vice President Joe Biden will be hosting a summit on Caribbean energy security on January 26, 2015 in Washington D.C.  The Dominican Republic, Jamaica, Grenada and Caribbean nations are attending the summit whose goal is to promote a cleaner and sustainable energy future in the Caribbean. Dominican Today, January 18, 2015 The White House…

V.I. to foreclose on HOVENSA, sue for breach of contract

During a press conference, Governor Kenneth Mapp of the Virgin Islands, directed his government to proceed with a foreclosure of the HOVENSA property citing natural resources damages and groundwater contamination against HOVENSA.  Additionally he asked his legal counsel to pursue claims of breach of contract against Hess Corp, HOVENSA and its owners in regards to…

Plummeting energy prices sting Caribbean’s economic powerhouse

As the price of oil declines Latin American and Caribbean countries are feeling the bite of the rolling energy market.  Trinidad and Tobago current economic turmoil has placed its prime minster into a tight corner. Kamla Persad-Biessessar, prime minister of Trinidad and Tobago, had assured her country last fall when price starting falling that it…

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Site Last Modified: February 26, 2015