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After offshore oil failure, Cuba shifts energy focus

By Marc Frank, Reuters, August 11, 2014 HAVANA (Reuters) – Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say. With so much oil readily available around…

Mexico energy overhaul nears legislative approval

Lawmakers approve most of the legislation to end state monopoly on oil production By Robert Grattan, Houston Chronicle, August 6, 2014 Sweeping legislation nearing passage in Mexico’s Congress is intended to revitalize the nation’s anemic energy industry by opening it to private investment, ending a 75-year state monopoly. In votes Tuesday and Wednesday, legislators approved…

Mexican Congress Approves New Rules for Oil Industry

by Elizabeth Malkin, The New York Times, August 5, 2014 MEXICO CITY — Mexico’s Congress approved on Tuesday a sweeping overhaul of the energy industry that cleared the way for international giants to tap Mexico’s rich reserves of oil and gas. The new legislation is the centerpiece of President Enrique Peña Nieto’s plan to jump-start…

Brazil’s ANP attempts to drum up interest in marginal oil fields

by Jeff Fick, Platts, August 6, 2014 Brazil’s National Petroleum Agency, or ANP, has opened data rooms for 10 onshore blocks holding marginal accumulations of oil in an attempt to generate interest from small and medium producers, the regulator said. The ANP will make seismic surveys and well-performance data available to interested companies at the…

Glencore gets $7 billion from Las Bambas mine sale

by Sonali Paul and Silvia Antonioli, Reuters, August 1, 2014 Aug 1 (Reuters) – Glencore Plc said it received $7 billion from the sale of one of the world’s largest copper projects, the Las Bambas mine in Peru, and is expected to return at least half the cash to its shareholders. Swiss-based Glencore’s announcement on…

Japan, Mexico sign carbon trade deal

Japan, Mexico sign carbon trade deal

by Susanna Twidale, Reuters, July 28, 2014 (Reuters) – Japan and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico – in Japan’s 12th bilateral carbon agreement. The programme, known as the Joint Crediting Mechanism (JCM), lets companies in Japan, the…

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…

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