Oil and Gas

By: Franyi Sarmiento, Ph.D., Inspenet, August 12, 2022.
Last Friday, August 5, the impact of a lightning strike on tank 51 of the supertanker terminal in the city of Matanzas, Cuba, caused a fire that spread to the four fuel reservoirs of one of its batteries, which caused a fire of major proportions on the island.

By: Franyi Sarmiento, Ph.D., Inspenet, August 11, 2022.
Brent and West Texas Intermediate oil prices reported declines, awaiting data on inflation in the US and the possible resumption of flow in the Druzhba pipeline.

By: Franyi Sarmiento, Ph.D., Inspenet, July 29, 2022.
The US Energy Information Administration (EIA) lowered its Brent crude price forecasts for 2022 and 2023 in its latest Short Term Energy Outlook (STEO).

By: Franyi Sarmiento, Ph.D., Inspenet, July 26, 2022.
Afghanistan signed a contract to purchase 350,000 tons of oil from Iran, the Ministry of Finance announced today.

By: Franyi Sarmiento, Ph.D., Inspenet, July 22, 2022.
The discoveries of offshore hydrocarbons in the Argentina Norte (CAN) and Malvinas Oeste (MLO) Basins could have an economic impact of 3.6% of the Gross Domestic Product (GDP) in the years with the highest level of production and export of the resource, with exports for up to USD 447,076 million.

By: Franyi Sarmiento, Ph.D., Inspenet, July 21, 2022.
When reporting the results of his official visit to the United States, President Andrés Manuel López Obrador highlighted the investment of 40 billion dollars for the energy sector.

By: Franyi Sarmiento, Ph.D., Inspenet, July 19, 2022.
OPEC producers will have to pump crude at the fastest rate in five years; in 2023, if they want to balance oil supply and demand. Capacity limitations suggest they may struggle.

By: Franyi Sarmiento, Ph.D., Inspenet, July 13, 2022.
Aligned with the strong growth in the production of Vaca Muerta, hydrocarbon exports from the province of Neuquén, in Argentina, continue to rise, with increases of more than 300% for oil.

By: Franyi Sarmiento, Ph.D., Inspenet, July 13, 2022.
In the late 1980s, Phillip McCrory, a stylist from Alabama, thought that skeins of hair could be used to absorb oil and designed a prototype that NASA scientists came to test.

By: Franyi Sarmiento, Ph.D., Inspenet, July 8, 2022.
The CEO of Petróleos Mexicanos (PEMEX), Octavio Romero Oropeza, officially opened the Mexican Petroleum Congress (CMP), which is being held this week in Villahermosa, Tabasco, a key city for the institution’s boom due to the proliferation of crude oil exploration and extraction in the 1970s, which has now become fundamental once again thanks to the discovery and exploitation of new oilfields.