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Career Opportunities at the U.S. Energy Information Administration

Career Opportunities, EIA, July 25, 2014 Join EIA’s team of professionals who provide comprehensive, reliable data, analysis, and forecasts to industry, government, media, academia, and the American public.

Latin America plays take on added importance

by David Paganie, Offshore Magazine, July 16, 2014 Oil and gas exploration and production operations in Latin America might take on added importance with turmoil clouding the upstream prospects in the Middle East, eastern Europe, and western Africa. With that in mind, Offshore takes a look at one of the most successful theaters and one…

Repsol reports oil discovery east of Trinidad and Tobago

by OGJ Editors, Oil & Gas Journal, July 7, 2014 Spain’s Repsol says it discovered oil with its TB14 well drilled on the TSP block offshore Trinidad and Tobago, upgrading the northern portion of Teak B field. The well is outside the existing Teak field extension, east of the island of Trinidad. It tested at…

Petrobras sets new presalt production records in June

Offshore Staff, Offshore Magazine, July 21, 2014 RIO DE JANEIRO – Petrobras’s June oil production in Brazil averaged 2,008,000 b/d, up 1.7% from May’s production of 1.975 MMb/d. Including production operated by Petrobras for its partners in Brazil, the volume reached 2,135,000 b/d, up 2.1% from last month’s production of 2,092, b/d. In June, presalt…

Mexico’s CFE to tender $2.8 bln in power plant, pipeline projects

by David Alire Garcia, Reuters, July 21, 2014 (Reuters) – Mexico’s national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth. The projects include two combined-cycle power plants, two natural gas pipelines as well…

China provides $4 billion to Venezuela in exchange for oil

by Deisy Buitrago, Reuters, July 21, 2014 (Reuters) – China will provide Venezuela with a new $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. The deal was inked during a 24-hour visit to Venezuela by Chinese President Xi Jinping, who…

Construction begins on PDVSA’s Puerto La Cruz refinery revamp

by OGJ editors, Oil & Gas Journal, July 21, 2014 Construction activities have started for the long-planned expansion and modernization at Petroleos de Venezuela SA’s (PDVSA) 190,000-b/d Puerto La Cruz refinery in eastern Venezuela (OGJ Online, July 1, 2014). Construction work related to site preparation for the Puerto La Cruz refinery’s deep conversion project officially…

China to provide Venezuela loan for mineral survey

by Xinhua News Agency, via Globalpost, July 22, 2014 BEIJING, July 22 (Xinhua) — The Bank of China (BoC) announced on Tuesday that it will lend 691 million U.S. dollars to Venezuela’s top oil producer to finance the survey of mineral deposits in the country. According to a deal signed by BoC, CITIC Group and…

Pemex eyes menu of funding options ahead of historic reforms

by Paul Kilby, Reuters, July 21, 2014 NEW YORK, July 21 (IFR) – Green bonds, debut local loan syndications and Samurais are some of the financing options on the table for Mexican state-run oil company Pemex as it seeks to become a more profitable entity in the wake of the country’s historic reforms. Several bills…

New thermal plant to increase LNG demand in Brazil

by Jonathan Robinson, Platts, July 18, 2014 A new natural gas-fired power plant at the Port of Suape in Brazil’s northeastern state of Pernambuco could increase LNG demand in Brazil by nearly 10,000 cu m/day (215,000 Mcf/d of gas) — the equivalent of two standard-size LNG cargoes per month. “An [LNG] regasification terminal is needed…

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