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Latin American Energy: Issues and Prospects

UT’s Jorge Piñon and other experts from the energy sector, were brought in to  The Wilson Center’s Regional and and Global Energy series in Washington, D.C., to discuss challenges in Latin America. Keynotes and panels were formed by experts from public and private sector, each bringing up topics in different countries such as Brazil, Argentina, Mexico, Venezuela and…

Low oil prices hamper Mexico’s deregulation, limit potential Cuban development

Expert Jorge Pinon talks to World Oil about the future of oil in Mexico. He believes that current projects will take up to seven years to monetize, raising questions among investors as to how future oil prices affect their investment. On the other hand, Pinon says that Cuba’s oil industry has yet to demonstrate its potential. After five failed attempts, low…

PEMEX and GWDP announce partnership to develop water-focused infrastructures for Mexico

Petroleos Mexicaons (PEMEX) and Global Water Development Partners (GWDP) have recently signed an agreement for better management of gas water and wastewater operations. The  Memorandum of Understanding (MOU) signed by both companies, includes financial agreement and access to each other’s most advanced technology. by Christine Anderson, Blackstone Press Releases, May 12th, 2015 Petroleos Mexicanos (“Pemex”), and Global…

Mexico’s energy reform has potential to be transformative

Mexico has some of the world’s largest oil and gas reserves, and now that Petroleos Mexicanos (PEMEX) will seize to be the oil monopoly leader, eyes are being drawn to Mexico. The newest energy reform opens doors to foreign firms for exploration, investment and research opportunities in Mexico. Such opportunities have a great impact no only…

Mexico: Petroleum Exports Fall 5.9% in March

Pemex recent export report shows a fall of almost 6% during the month of March. In comparison to the previous month, exportation decreased by 2.36 millions of barrels per day, resulting in a loss of $68 million USD for this year’s first trimester. Recently Mexico’s largest petroleum supplier had to cut it’s production from 2.888…

New Geological Studies Seen Giving Clearer Picture of Mexico’s Oil Potential

More than two dozen of exploration studies are expected to happen in the next few years. Thanks to Mexico’s new energy reform, which allows private firms to study the land and sell it to foreign companies, opportunities of geological research will be able to reveal and challenge oil and gas deposits below the ocean. With…

Pemex prepares to expand oil production after decade of decline

After a decade of decline in production PEMEX is finally ready for its recovery. The oil company told the Financial Times they’ve negotiated with private investors to transfer contracts and together boost oil production. The deals came after Mexico’s energy reform stated that, as of July 2015, contracts will be offered in a bidding round,…

Expedition Will Sample Crater Left By Dinosaur-Killing Asteroid

Scientists will finally be able to determine the cause of dinosaurs’ extinction. Starting Spring 2016, a select group of experts around the world will have access to the crater in Chicxulub in the Yucatan Peninsula, where the asteroid struck our planet 65 million years ago. The University of Texas at Austin Press Release, April 6,…

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…

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