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Oil Bust Takes Its Toll On Latin-American Oil Output

EIA’s weekly estimates show a decline in U.S. shale output, going hand in hand with other declines around the around specifically in Latin America.  Being slated as the world’s most vulnerable oil region, as the major oil producers are having declines in their productions. by Nick Cunningham, Oilprice.com, April 2, 2016 U.S. shale continues to…

Outages in Latin America to help relieve global oil supply glut

Unplanned outages happening around the world at ports and pipelines is helping curb a supply glut that has inundated surpluses of oil and gas. Although short-lived it may still help certain oil producing countries but once it runs it course it will negatively affect several major Latin American countries. by Marianna Parraga, Reuters, April 1,…

Geologists to drill into heart of dinosaur-killing impact

A current $10 million project, funded by the European Consortium for Ocean Research Drilling, will be returning to one of Earth’s most historic and ancient asteroid impact craters, Chicxulub.  Linked to the mass destruction of the dinosaurs, the crater is still mystery to scientists.  Researchers from Europe, Mexico and the University of Texas at Austin…

Distillate Dominated 2015 US Prod Exports, Mexico Top Destination, EIA Says

The top three exports of U.S. petroleum products for 2015 were: distillate, gasoline and propane, in that order.  Distillate fuel was exported to 88 countries with Mexico being the top destination for both distillate and gasoline.  The U.S. continues to be a big exporter of petroleum products to Mexico, Central and South America. by OPIS,…

Mexico LPG Storage Cavern to Start up in April 2017

An update on a story from OPIS about the first LGP underground storage project in Latin America, to be built in Mexico.  Initially it was slated to start in 1st quarter of 2016 but has been moved further to April 2017.  This is not do to any major concerns but because CRE had to update…

Pemex CEO Emilio Lozoya Resigns After Three Years of Losses

The Pemex storm gets even more complicated, CEO Emilio Lozoya will be stepping down. President Enrique Pena Nieto has appointed Jose Antonio Gonzalez Anaya, a trained economist, as Lozoya’s replacement. by Adam Williams, Bloomberg, Feb. 08, 2016 Emilio Lozoya resigned as Petroleos Mexicanos’ chief executive officer after the oil giant failed to reverse falling output and…

New campuses will deal with oil industry challenges – Mexico

Mexico’s National Petroleum Institute (IMP in Spanish) recently announced the creation of campuses accross the country that will help deal with the industry challenges. Ready to be inaugurated this year is the Centro de Tecnologia para Aguas Profundas, opening in Veracruz it will be focused on areas of drilling, risks, equipment and systems. Ernesto Rios…

Gregory L. Fenves: Why UT-Austin should be in Mexico, and vice versa

UT President Greg Fenves talks about the importance of growing the relationship between Mexico and Texas’ educational institutions. This week, he will be leading a visit to Mexico along with a delegation of more than 40 professors and academic researchers. by Gregory Fenves, The Dallas Morning News, Jan. 26, 2016 Scholars, scientists and students on…

Mexico’s Pemex signs MOUs with Arab oil companies

Pemex has just signed two MOUs with United Arab Emirates companies Mubdala Petroleum and ADNOC. A separate MOU was signed with Saudi Arabian company Saudi Aramco with the objective of opening dialogue and exploring different areas of cooperation. by Fox News Latino, Jan. 20, 2015 Mexican state-owned energy company Petroleos Mexicanos signed two memorandums of understanding…

Mexico and Cuba analyze natural gas export opportunities

Mexico and Cuba are analyzing the possibility of exporting compressed natural gas from Mexican territories to the island. The conversation started last November when President Raul Castro visited Mexico and Pemex offered its services to help Cuba during its reindustrialization process. by Forbes Mexico, Jan. 15, 2016 México está estudiando con Cuba un proyecto para…

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