Tag: South America
US shale oil rebound shakes OPEC
How low can the costs of US shale oil production go? By Ross McCracken, Platt’s Managing editor, Energy Economist Even with oil prices hovering around the $50/b mark, the US rig count has increased rapidly while E&P companies continue to record substantial reductions in well drilling costs. The increase in new well oil production per rig […]
Brazil solar energy drive stalled by high costs, strict rules
Expensive local supplies, low currency impediments to Brazil solar energy growth By Luciano Costa SAO PAULO, Jan 31 (Reuters) – A government plan to spur the construction of solar energy farms in Brazil is faltering because of high costs, strict rules requiring local components and low-priced competition from Chinese suppliers, say regulators and power sector executives. […]
Exxon Mobil discovers new oil reservoir offshore Guyana
Guyana reservoir contains 100-150 million barrels of oil Jan 12 (Reuters) – Exxon Mobil Corp said on Thursday drilling results from a third exploration well offshore Guyana showed a new reservoir containing 100-150 million barrels of oil equivalent. The discovery at the Stabroek block is off a border region that is claimed by Venezuela in […]
Oil and gas drives $27 Billion global market (by 2020) for centrifugal pumps
Demand for centrifugal pumps in Americas is dominated by oil and gas industry (expected to exceed $5 billion by 2020) The global market for centrifugal pumps is growing rapidly and one of the key drivers will be a rejuvenated oil and gas sector, according to a new report from Technavio, which forecasts the industry to grow […]
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