Skip Navigation
The University of Texas at Austin
 

News


Venezuela’s Oil Industry Exodus Slowing Crude Production

Many skilled oilfield workers from Venezuela are relocating to other areas due to fallen wages in the country. As workers move away, oil production is dropping as slumping crude prices threaten the country’s export revenue. by Pietro D. Pitts and Andrew Rosati, Bloomberg, December 4, 2014 When Angel Fernandez, a former production engineer with Venezuela’s state-owned…

Wind energy production growing slowly in Peru

Wind energy production growing slowly in Peru

As Peru hosts a current U.N. summit, it is slowly working to reduce its carbon emissions. At this summit 200 countries are expected to make new environmental pledges before meeting again at a larger climate summit in Paris in 2015. Peru is currently trying to take advantage of the constant wind along the Peruvian coast…

Alfa to Team Up With Pacific Rubiales on Mexico Energy Projects

Alfa SA B reached an agreement with Canada’s Pacific Rubiales Energy Corp. to bid in Mexico’s first round of oil and gas blocks and to pursue other energy projects in the country. Each partner will hold a 50 percent stake in the venture. by Anthony Harrup, The Wall Street Journal, December 4, 2014 MEXICO CITY—Mexican conglomerate…

Ecuador’s November oil output keeps 2014 forecast on track

Throughout the month of November, Ecuador has remained on track to exceed last year’s annual crude oil production. November output came up 3.3 percent year on year. Considering this year’s production and the targeted output for December, the country will average at least 553,182 b/d, creating a new record for the country. by Stephan Kueffner, Platts,…

Argentina natural gas imports rose, crude fell in October

Natural gas imports in Argentina rose 5.9 percent in October compared year to year, but crude imports fell over the same period. The Energy Secretariat of the country has not provided reasons for the changes. The imported gas supplies account for 26 percent of the average consumption in the country. by Charles Newbery, Platts, December 3,…

Argentina’s GyP swaps shale fields for conventional with YPF

GvP has made an agreement with YPF to swap fiel assests with shale production potential for assets producing conventional hydrocarbons. GyP will receive six conventional blocks from YPF in exchange for stakes in Bajada de Anelo and La Amarga Chica. by Charles Newbery, Platts, December 5, 2014 Gas y Petroleo del Neuquen (GyP), the state oil…

An Ailing Venezuela Trims Oil Diplomacy

An Ailing Venezuela Trims Oil Diplomacy

As Venezuela struggles with dropping crude prices, Caribbean and Central American countries are preparing for cutbacks in shipments of oil from the country. 13 beneficiaries of Venezuela, called Petrocaribe, have depended on Venezuela’s oil for the past decade. In return, they provide the country with diplomatic support on the international stage. by Ezequiel Minaya, The Wall…

UF hosts Latin American Business Symposium

UF hosts Latin American Business Symposium

Each year the University of Florida’s Center for Latin American Studies-Latin American Business Environment (LABE) program hosts a LatAm business symposium to discuss the current environmental and economic topics in the region. This year our very own Jorge Piñon, an alumnus of the University of Florida’s Center for Latin American Studies was the program’s luncheon…

Chile eyes Chinese investment

Chile eyes Chinese investment

Chile is looking toward Chinese investment in both its physical and digital infrastructure to enhance its connectivity and facilitate its development. The investment Chile hopes to receive is for an underwater optical fiber broadband network that will link up the 1,000 kilometer southern half of the country. by Li Wenfang, China Daily, December 1, 2014 Chile…

Oil price drop hits Latin America

Oil price drop hits Latin America

While Mexico and Venezuela must open up their oil sectors to outside investment, Brazil needs technology and financing for its offshore reserves in the Atlantic Ocean. Venezuela is desperate due to the effects of the slump in oil prices and their failed attempt to convince OPEC to trim production. by Paul Welitzkin, China Daily, December 1,…

UT Main  |  UT Directory  |  UT Direct  |  Blackboard  |  Privacy Policy  |  Accessibility
© 2014 Jackson School of Geosciences, The University of Texas at Austin
Site Last Modified: December 18, 2014