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Argentine Delegation and The University of Texas share lessons on shale oil and gas

by Mariana Serna, The University of Texas, August 19, 2015 Once again, The University of Texas at Austin was the meeting point for an exchange between high level Argentine government officials, senior industry executives, and energy experts from UT . On August 17th, delegates from Neuquén Province in Argentina, together with corporate executives from Exxon…

Wood Group wins Gulf of Mexico contract with Pemex

PEMEX Procurement International signed an offshore engineering contract with Wood Group. The agreement includes deepwater and complex shallow water engineering and was signed for $28 million in 3 years. by Offshore Technology.com, August 12, 2015 Wood Group has won an offshore engineering blanket order with Pemex Procurement International for field development work in the Gulf…

President Obama announces new clean energy plan

Last Monday, President Obama announced an energy plan that has already being questioned. The plan proposes to reduce energy emissions a 32% by the year 2030 (using energy levels back in 2005 as a reference.) With renewables accounting for only 3% of total energy in the world, opposing leaders and experts are starting disputing on whether…

Venezuela’s PDVSA got at least 6 light crude supply offers

Last month, Venezuela asked oil suppliers to submit offers for 70,000 barrels a day of light crude through a contract of five years. PDVSA is planning to blend this light crude with its growing extra heavy oils. In the last few days, the Venezuela company received bid offers from Royal Dutch Shell, U.S. Chevron Corp, PetroChina and others….

Mexico to postpone deep water auction, adjust next oil tender terms

After a failed first auction for Round One, Mexican government has decided to postpone next bid and adjust the tender terms. According to the energy minister, the requirements will be more relaxed and even allow companies to bid a second time in case the first one fails to meet the minimum requirements. He also stated…

The Venezuela-Guyana Conflict

The Venezuela-Guyana Conflict

Last week, Exxon Mobil announced discovery of 700 million oil barrels at their Liza-1 well. The location is 100 miles from the shore of Guyana, a territory that has been debated belongs to Venezuela. President Nicolas Maduro reached out to Washington for help in order for both countries to peacefully agree on territory settlement. In an…

Historic oil meeting in Cuba set for October

Leaders and experts of the oil industry will meet in Havana, Cuba in October to establish environmental and safety policies for oil drilling in the waters shared by both countries. The relationship between both becomes stronger, yet the trade embargo remains, limiting the availability of high-tech drilling equipment and techniques by David Goohue, The Reporter, July 23,…

Venezuela seeks light crude contracts to make blends -sources

PDVSA is looking to buy 70,000 bpd for the next five years. Seeking for the best offer, the company intends to use the barrels of ultralight crude as a diluent of their growing production of extra heavy oil. PDVSA is looking the best offer and expecting an agreement of up to five years. by Reuters, July…

Mexico’s Pemex to export 6 mn barrels of oil to Japan

Pemex agreed to send 6 million barrels of crude to Japan’s JX Nippon Oil & Energy Corporation in the next six months. The shipment, which will be leaving from a Oaxaca port, is an addition to the 4 million barrels Pemex delivered to JX Nippon earlier this year. by Fox News Latino, July 24, 2015 …

Cuba may drill for oil using U.S. equipment

In the recent months, President Obama has taken action in order to change the embargo on Cuba. Current policies establish that Cuba cannot drill closer than 60 miles near the U.S., in this case Florida. They also establish that U.S. equipment cannot be used to explore the island’s shores. Experts argue whether this is safe for…

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