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Spain’s Repsol makes oil discovery in Trinidad and Tobago

by Sonya Dowsett, Reuters, July 3, 2014 MADRID, July 3 (Reuters) – Repsol has discovered an oil reserve estimated at 40 million barrels of oil equivalent in the waters off the Caribbean islands of Trinidad and Tobago, to the west of the island of Trinidad, the company said in a statement on Thursday. The reserve…

ANALYSIS: Colombia’s oil industry, government facing declining output, investment

by Chris Kraul, Platts, July 2, 2014 Declining oil production caused by terror attacks, community protests and a drop in foreign investment has the Colombian government concerned it will miss its 2014 fiscal goals, according to analysts. Top industry and government officials have met over the last two weeks in the presidential palace to discuss…

Asia first destination for oil shipments from Venezuela

The United States ranks second, receiving 845,000 bpd of oil from Venezuela by Ernesto J. Tovar, El Universal, July 2, 2014 Most oil shipments from Venezuela headed for Asia in 2013, with China and India on the lead, thus displacing the United States to the second place. In its Management Report 2013 released last week,…

Ecopetrol Courts Communities to Extend Colombia Oil Boom

by Andrew Willis, Bloomberg News, July 2, 2014 Colombia is looking to extend a decade-long oil expansion by improving Ecopetrol SA (ECOPETL)’s community relations and environmental permitting as shares of the state-run producer slump to a four-year low. Ecopetrol is creating regional operational centers run by a vice president with managerial and decision-making powers, Mines…

India confirmed as top Asian buyer of Venezuelan crude in 2013: PDVSA

by James Bourne, Platts, July 2, 2014 India imported 403,000 b/d of Venezuelan crude in 2013, up 10.1% from 2012, while China imported 293,000 b/d, up 8.9% year on year, according to state-owned Petroleos de Venezuela, known as PDVSA. India did not import any refined products from Venezuela in 2013, according to PDVSA’s recently published…

Lukoil, BP, Trafigura and ATMI to supply fuels to Ecopetrol in July

by Marianna Parraga, Reuters, July 1, 2014 HOUSTON, July 1 (Reuters) – Russia’s Lukoil, British BP and trading firms Trafigura and ATMI will supply Ecopetrol with gasoline, diesel and jet fuel in July, after winning tenders launched in June on the open market, according to Colombian import data and Reuters data. Since March, Colombia has…

Brazil’s President, Petrobras CEO Defend No-Bid Oil Production Rights Deal

State-Run Oil Company Doesn’t Anticipate Capital Increase Before 2030 By Paul Kiernan and Will Connors, The Wall Street Journal, July 1, 2014 RIO DE JANEIRO—Brazil’s president and the chief executive of state-run oil company Petroleo Brasileiro Petrobras SA made a joint appearance on Tuesday to defend a controversial deal announced last week that gives the…

Mexico’s Pemex to spend $6 bln to maintain output at Cantarell

by Adriana Barrera and David Alire Garcia, Reuters, July 1, 2014 (Reuters) – Mexico’s state-run oil company Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official said on Tuesday. Discovered in 1976, output from the offshore…

More Oil Drilling Near Cuba Raises Environmental Alarms In Florida

By William E. Gibson, Sun Sentinel-Washington Bureau, June 15, 2014 WASHINGTON Russia has agreed to plunge into the search for oil in deep waters between the shores of Cuba and Florida, renewing fears of a major oil spill and the potential for environmental disaster. With President Vladimir Putin looking on, Russian companies Rosneft and Zarubezhneft…

XXIII La Jolla 2014 Energy Conference

XXIII La Jolla 2014 Energy Conference

La Jolla, CA, May 21-22, 2014 At the XXIII La Jolla 2014 Energy Conference the Western Hemisphere’s top thought leaders present policy updates and outlooks on the year’s key energy trends, including North America’s unconventional resource revolution; the Golden Era of natural gas; Peru’s Camisea project turns 10; energy reform in Mexico;and electric power and…

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