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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…

Pemex prepares to expand oil production after decade of decline

After a decade of decline in production PEMEX is finally ready for its recovery. The oil company told the Financial Times they’ve negotiated with private investors to transfer contracts and together boost oil production. The deals came after Mexico’s energy reform stated that, as of July 2015, contracts will be offered in a bidding round,…

Examining China’s environmental and social impact in Latin America

China’s recent investments in Latin American and Caribbean are having a great impact in these countries’ environment. Exporting to Asia has consequences on their natural resources which will eventually run out. In Brazil, the cost is 4.3 cubic meters of water for every dollar of exports to China. As for social impact, one of the…

Expedition Will Sample Crater Left By Dinosaur-Killing Asteroid

Scientists will finally be able to determine the cause of dinosaurs’ extinction. Starting Spring 2016, a select group of experts around the world will have access to the crater in Chicxulub in the Yucatan Peninsula, where the asteroid struck our planet 65 million years ago. The University of Texas at Austin Press Release, April 6,…

UT Jackson School of Geosciences Aims to Enhance Research in Mexico

by Valerie Jones, Rigzone, February 23, 2015 With a focus on building future professionals in the energy sector and continuing academic research in earth sciences and engineering, The University of Texas at Austin (UT) Jackson School of Geosciences and the National Autonomous University of Mexico (UNAM) have strengthened collaborations with each other in the fields…

Oil’s slump a blow to Mexico amid touted energy reforms

by Peter Orsi, Associated Press, February 11, 2015 The lowest oil prices in nearly six years couldn’t have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades. The landmark energy reform aimed to boost revenue by enabling Mexico to tap undeveloped…

Pemex to deliver at least three Suezmaxes to Asia from Salina Cruz

Pemex is set to deliver 1 million-barrel cargo of Isthmus crude to Japanese refinery Cosmo who operates at 147,500 b/d.  As a way to focus exports of crude from its Pacific Coast ports Pemex will also be exporting 1 million barrels of Isthmus to Korea’s GS Caltex. by Richard Capuchino, Platts, January 20, 2015 Mexico’s…

Oil Crash No Obstacle for Pemex as Mexico Plows Ahead With Bids

Even as prices of oil are collapsing, Pemex CEO Emilio Lozoya has committed to run tenders on fields where it is seeking partners.  For the first time in 7 decades, Mexico will be pressing ahead with plans to start offering oil licenses, specifically Pemex will be bidding as a minority partner in five blocks to…

PEMEX proposal to import light crude could benefit Eagle Ford producers

The U.S. Department of Commerce has received a proposal from Pemex to import light crude from the United States. In effort to create blends that would reduce sulfur emissions in their refining process, Pemex is asking to import about 100,000 bpd of light crude and condensate from the U.S.  The request comes at time when…

Latam countries launch plan to store carbon, fight global warming

On Sunday, eight Latin American countries announced an initiative to cut emissions that cause global warming. The initiative involves restoration of 20 million hectares of forest and farmland in order to use the land to store carbon in natural vegetation. The eight countries involved are Argentina, Columbia, Chile, Costa Rica, Ecuador, Guatemala, Mexico and Peru….

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Site Last Modified: March 27, 2015