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Brazil to ease Petrobras pressure with offshore oil bill

Brazilian government may end Petrobras’ monopoly by opening way to foreign and private investment. Intended to pass this September, the bill recently presented to congress aims to attract big oil players and re-position Brazil’s oil industry. by Joe Leahy, Financial Times, July 05, 2015 Brazil’s congress is likely to pass a landmark bill that could ease…

SENER will put 244 projects up for bid between 2016 – 2019

As part of Rounds 2, 3, and 4, SENER will offer 244 fields with a potential volume of 68.2 billion barrels of crude oil, representing almost 5,000 miles. As for exploitation of hydrocarbons, SENER expects to offer 379 areas, 130 in actual fields and 149 under water.. both representing a total surface of 85,000 miles….

Petrobras cuts investment plan

Petrobras cuts investment plan

Seeking to cut expenses and pay off its debt, Petrobras will invest 130 billion USD between 2015 – 2019, a decrease of 41% from what was initially planned for 2014 -2018. The oil company also reduced its 2020 production plan for oil and natural gas, lowering it from 5.3 millions to 3.7 per day. by…

Sinopec, Cnooc Said Readying Bids for Petrobras Field Stakes

Sinopec and Cnooc Ltd. are looking to buy Petrobras’ assets in the pre-salt offshore exploration  block. Other interested companies include Royal Dutch Shell Plc and Statoil ASA. by Cristiane Lucchesi, Bloomberg Business, July 01, 2015 Two Chinese companies that entered Brazil’s giant deep-water oilfields two years ago are now looking to increase their presence as state-run…

The Jackson School of Geosciences

After half a century of broken relationships, U.S. government is lifting restrictions to Cuba and Texas may be the first state benefited from it. Expert Jorge Pinon talks about potential benefits in the Agriculture, Energy, and Tourism industries, including Texas ports and natural gas. by Adam Racusin, Keyetv, July 01, 2015   Billions of dollars could…

Argentina and China lead shale development outside North America in first-half 2015

In the last two years, Argentina and China have moved up the rank on oil and gas resources. Argentina has drilled more than 275 wells, producing 22,900 barrels per day and 67 million cubic feet per day of natural gas, this reported on April 2015. On the other hand, China has more than 200 wells…

French Energy Group Engie is ready to take part on CFE’s pipeline bidding

Philippe Delmotte, Director of Engie Mexico, announced the company’s intentions to prepare for CFE’s pipeline bidding. Engie will submit three proposals for electric factories, each one with a $1 billion USD investment. The french enterprise, which has operations in Estado de Mexico, Jalisco, and Queretaro among others, is building a natural gas project in “Los Ramones”…

Bolivia Announces New Oil Find, First One in 23 Years

Bolivia might have found it’s largest discovery in 23 years, an oil reserve equivalent to 28 million barrels located at a well on the country’s East side. The discovery made by YPFB Andina, requires an investment of $220 millions and is expected to generate an income of $1,700 million USD for Bolivia. by El Horizonte, June 18,…

First Mexican Company that goes for after Round One bids

EMUSA Energy Group (EEG) is confirmed to be the first Mexican company interested on bidding on the third phase of Round One. EEG’s Alberto Bessoudo, said that in the next five months the company would look for alliances with international enterprises to strengthen its proposal. Since its creation in 2012, EEG has focused on the exploitation…

UT Austin Ranks No. 19 in World for High-Impact Research

The University of Texas at Austin is ranked No. 19 in the world for high-impact science, according to the Nature Index, which tracks publication in the world’s top research journals — the latest in a series of global rankings that recognize UT Austin among the world’s elite research universities. UT Austin ranks No. 8 among all…

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