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No oil drilling for now off Cuba

No oil drilling for now off Cuba

by Timothy O’Hara, The Key West Citizen, August 16, 2014 Florida Keys residents concerned about oil exploration off Cuba can breathe easier as plans for drilling have been put on hold. Two experts on Cuban politics and oil exploration confirmed media reports that Cuba has shifted its focus away from offshore oil exploration, and instead…

Venta de Citgo generaría la mitad de lo esperado por el régimen de Maduro

by Antonio Maria Delgado, el Nuevo Herald, August 19, 2014 Una eventual venta Citgo podría generarle a Venezuela mucho menos de los entre $10,000 y $15,000 millones esperados por el régimen de Nicolás Maduro, dijeron analistas que calificaron esas proyecciones como demasiado optimistas. Los expertos coincidieron en que el precio de la empresa con sede…

Mexican President signs 9 laws governing energy reform

August 13, 2014 On August 11, 2014 Mexican president Enrique Peña Nieto signed nine (9) laws governing the earlier adopted constitutional energy reform. Please click on the laws for .pdf versions (in Spanish) of the nine new laws governing Mexico’s Energy sector. Ley de Hidrocarburos (Hydrocarbons) Ley de la Industria Eléctrica (Electric Power Industry) Ley…

State Department Names Acting Energy Envoy

State Department Names Acting Energy Envoy

August 1, 2014 Amos J Hochstein replaces Ambassador Carlos Pascual as Special Envoy and Coordinator for International Affairs leading the Bureau of Energy Resources (ENR) at the U.S Department of State. Mr. Hochstein was the Deputy Assistant Secretary for Energy Diplomacy and in that capacity oversaw the Office of Middle East & Asia and the…

Mexico’s Round Zero and Round One oil projects

by David Alire Garcia, Reuters, August 13, 2014 Aug 13 (Reuters) – Mexico’s energy ministry announced on Wednesday that the country expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic oil sector opening next year that will begin with a first round of contracts. The Round…

Mexico hopes to lure $50.5 billion in historic oil tender

By David Alire Garcia and Tomás Sarmiento. Reuters, August 13, 2014 Aug 13 (Reuters) – Mexico expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic opening of its oil sector that begins next year with a first round of contracts, the country’s top oil officials said…

Chile to import 9 million barrels of oil from Angola in 2015: minister

by Tom Azzopardi, Platts, August 13, 2014 Chile will import 9 million barrels of crude oil, worth an estimated $900 million, from Angola in 2015, a threefold increase from this year, following a deal struck with the Angolan government and state Sonangol, Chile’s energy ministry said Tuesday. The increase will make Angola the largest supplier…

Venezuela Says Citgo Assets Worth More Than $10 Billion

By Pietro D. Pitts and Anatoly Kurmanaev, Bloomberg News, August 6, 2014 Petroleos de Venezuela SA, the Latin American nation’s state-owned crude producer, said the U.S. oil refining and marketing assets it’s seeking to sell are worth more than $10 billion. “Their value is much, much more,” Rafael Ramirez, president of the oil producer known…

Citgo Sale Signals Fragility, Desperation of Bolivarian Revolution

Crisis Drives Need for Quick Revenue from PDVSA’s US Affiliate Ana Karina Rizo, The Canal Blog, August 12, 2014 Fiscal pressure from Venezuela’s worst economic crisis in decades has catalyzed a new move from the regime: the upcoming sale of US-based Citgo Petroleum. The oil company — recently involved in controversy surrounding a violation of…

Texas-Mexico universities seek partnerships

by Vicki Vaughan, The San Antonio Express-News, August 11, 2014 SAN ANTONIO — As Mexico ends its 75-year-old state monopoly and opens oil and gas production to foreign investment, the nation’s need for expertise — especially for petroleum engineers — will be great. That’s prompted at least two Texas universities to establish relationships with universities…

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