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Ecuador Says Oil Services Companies To Invest $1B To Boost Output

In order to liven up Ecuador’s mature fields several international oil service companies will be investing around $1 billion.  Sinopec, Schlumberger, Tecpetrol, and Halliburton will be taking on the risk of the investment while Ecuador will only pay for the execution of production increases. by Alexandra Valencia and Alexandra Ulmer, Reuters, April 4, 2016 International oil service…

11% Power Bill Fall If Renewable Energy Goal Met

A working paper released on March 8th by the IMF looks into power sector challenges and how Caribbean strategies can address them.  Using its National Energy Policy, the Bahamas can reduce the cost of its national electricity bill by 11 percent by attaining the goals set in the policy.  The working paper, called ‘Caribbean Energy:…

Nuclear Energy Will Give Bolivia a New Status, Asserts Minister

Although the use of nuclear energy has been much more scrutinized in the last decade, Bolivia’s Minister of Hydrocarbons and Energy announced the construction of a specialized center that will bring prominence to the South American country.  Bolivia and Russia will be working together to build the Center of Investigation and Development in Nuclear Technology…

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…

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…

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…

China: Latin America’s Financier

China: Latin America’s Financier

 After Brazil’s Petrobras was caught in a corruption scandal, China came to the rescue. A loan of 3.5 billion is on the table along with a two-year cooperation agreement between both countries. This is not the first time for China invests in Latin America’s growth. In a period of 13 years, the country has invested…

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…

Argentina, Chile state firms aim to boost offshore natural gas output

Argentina’s YPF and Chile’s ENAP have agreed to invest around $200 million to boost offshore oil and natural gas production in southern Argentina. The aim of the agreement is to increase gas output to 4 million cubic meters a day from the current 2.4 million cubic meters a day over the next three years. by Charles…

China to invest up billions in Mexico energy sector

A $14 billion investment in Mexico’s energy, mining, infrastructure, telecom and tourism sectors has been created with 14 cooperation agreements signed between Mexico and China. The agreements were made during Mexican President Enrique Peña Nieto’s visit to China to attend the APEC summit. by Utility Products, November 14, 2014 Mexico and China have signed 14…

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