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Pemex CEO Emilio Lozoya Resigns After Three Years of Losses

The Pemex storm gets even more complicated, CEO Emilio Lozoya will be stepping down. President Enrique Pena Nieto has appointed Jose Antonio Gonzalez Anaya, a trained economist, as Lozoya’s replacement. by Adam Williams, Bloomberg, Feb. 08, 2016 Emilio Lozoya resigned as Petroleos Mexicanos’ chief executive officer after the oil giant failed to reverse falling output and…

Chile to provide gas to Argentina in winter months; Enap and YPF will increase production in Magallanes

Starting May 2016, Chile will be supplying Argentina with 5.5 million cubic feet of natural gas every day, accounting for 20% of Argentina’s imports. Chile will also invest $200 million dollars in the Incremental Project of the Magallanes Area. by MercoPress, Feb. 01, 2016 The accord was sealed under the agreements signed between Energy Minister…

America Supplies OPEC With Oil Freed From 40-Year Export Ban

Venezuela was the first South American country to purchase oil from the U.S since the oil bans were lifted. Last January, PDVSA refinery in Curacao received 548,000 barrels of light crude coming in from West Texas. by Sheela Tobben and Lucia Kassai, Bloomberg, Feb. 2, 2016 The U.S. is now supplying OPEC with crude oil,…

New campuses will deal with oil industry challenges – Mexico

Mexico’s National Petroleum Institute (IMP in Spanish) recently announced the creation of campuses accross the country that will help deal with the industry challenges. Ready to be inaugurated this year is the Centro de Tecnologia para Aguas Profundas, opening in Veracruz it will be focused on areas of drilling, risks, equipment and systems. Ernesto Rios…

Brazil plans to extend oil rights to foster investment

In an effort to trigger Brazil’s oil sector, the country’s government is taking new measurements that could get up to $130 billion in investments. Some of the measurements include extension of exploration rights, new auctions and a special customs regime. by Silvio Cascione, Reuters, Jan. 29, 2016 Brazil plans to extend oil exploration rights in…

Gregory L. Fenves: Why UT-Austin should be in Mexico, and vice versa

UT President Greg Fenves talks about the importance of growing the relationship between Mexico and Texas’ educational institutions. This week, he will be leading a visit to Mexico along with a delegation of more than 40 professors and academic researchers. by Gregory Fenves, The Dallas Morning News, Jan. 26, 2016 Scholars, scientists and students on…

Venezuela Oil Group Seeks Incentives to Lure More Foreign Money

Hydrocarbon association in Venezuela is planning on making some changes to attract investors. The group intends to reduce royalties and taxes as well as granting more decision making power to its partners. by Pietro Pitts, Bloomberg, Jan. 26, 2016 Venezuela’s main hydrocarbon association has proposed measures aimed at attracting more investment from international oil companies…

Research agencies revel in final 2016 budget

The law signed by President Barack Obama last December will add billions of dollars to the U.S. scientific research fund. by Jeffrey Mervis, Science Magazine, Jan. 01, 2016 Money matters, of course. But so does having the freedom to support the best research. This year advocates for U.S. science succeeded not just in winning more dollars for major federal research…

Mexico’s Pemex signs MOUs with Arab oil companies

Pemex has just signed two MOUs with United Arab Emirates companies Mubdala Petroleum and ADNOC. A separate MOU was signed with Saudi Arabian company Saudi Aramco with the objective of opening dialogue and exploring different areas of cooperation. by Fox News Latino, Jan. 20, 2015 Mexican state-owned energy company Petroleos Mexicanos signed two memorandums of understanding…

Mexico and Cuba analyze natural gas export opportunities

Mexico and Cuba are analyzing the possibility of exporting compressed natural gas from Mexican territories to the island. The conversation started last November when President Raul Castro visited Mexico and Pemex offered its services to help Cuba during its reindustrialization process. by Forbes Mexico, Jan. 15, 2016 México está estudiando con Cuba un proyecto para…

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