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XOM discovers oil off Guyana coast…maybe

A new source of hydrocarbons has been discovered in the Guyana offshore, though the quantities of this resource have not yet been confirmed. The discovery was made in an area that borders with a Venezuelan region. by Jeannie Stell, Offshore Engineer, May 15th, 2015 According to Guyanese Online, Reuters, MercoPress and other news organizations, an…

Argentinian Government and The University of Texas Sign Educational Agreement in Mendoza

by Mariana Serna, The University of Texas, May 18, 2015 Francisco Perez, governor of Mendoza, met with Juan Sanchez – vicepresident of the University of Texas Research Department – and Jorge Pinon, Director of Latin American and Caribbean Energy Program, to sign an educational agreement that will allow future collaboration between both entities. This new…

Infrastructure: Energy, Central America Key Focus

The Latin American Leadership Forum will take place in Guatemala in June 9-11. At this event, energy industry leaders from Mexico, Guatemala, Honduras, and El Salvador, will come together to announce upcoming projects for the Central American regions. One of these projects involves large oil producer PEMEX, and consists of the construction of a pipeline…

The Jackson School of Geosciences

by Mariana Serna, May 14th, 2015 In an interview with El Ciudadano TV, media outlet from Argentina, expert Jorge Pinon talks about the country’s need for long lasting energy policies. “In politics plans are measured in short terms, seeking immediate solutions for the country. When one talks about energy reforms, leaders need to take a…

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…

Cuba insists it has oil; U.S. companies still uninterested

Cuba has made it public that they are now a new resource for oil, admitting that their Gulf of Mexico waters hold billions of barrels. However, there hasn’t been any exploration interest expressed by the U.S. or other countries. While the renewed relationship between Cuba and the U.S. is boosting tourism and agriculture industries, oil…

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…

Is Texas Headed for a Recession?

Is Texas Headed for a Recession?

 Shale overproduction is causing rigs to shut down all over the U.S. While 31 states in the country had let go of many employees, Texas’ economy has been one of the most affected. A lay-off of 25,000 employees ocurred in March alone and is now having a domino effect in other industries that rely on…

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…

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