Space Industry and Business News  
ENERGY TECH
US may freeze deep-sea exploration but others pick up slack

by Staff Writers
Mexico City (AFP) June 23, 2010
Mexico's state oil giant Pemex said Wednesday it would press on with deepwater exploration in the Gulf of Mexico despite the huge oil spill in US waters, the worst US environmental disaster.

"Pemex has taken steps to bolster its procedures to safeguard (deepwater exploration) operations," a Pemex source told AFP.

Pemex generates 40 percent of the Mexican government's income. Its main Cantarell well is Latin America's biggest but is in decline.

Currently Pemex pumps 80 percent of its crude from the Gulf, where recent studies show it still has enormous reserves.

And before the end of this year alone Pemex plans to drill four new wells at more than 500-feet depth (152 meters), exploration chief Carlos Morales has said.

That as the United States worked on distancing itself from deepwater exploration in the Gulf, as it reels from the massive economic and environmental fallout from the Gulf spill.

US Interior Secretary Ken Salazar said Tuesday he would issue a new order in the coming days to enforce a freeze on deepwater drilling in the Gulf of Mexico in the wake of the BP oil disaster.

Favio Barbosa, a researcher at the Economics Institute at Mexico City's UNAM university, said "it would be great if this country and other nations make the kind of needed transition to renewable energy sources like wind and solar.

"Unfortunately the global market just is not there yet," Barbosa said.

In Colombia, meanwhile, the national Oil and Gas Agency has received more than a billion dollars in offers to explore Colombian blocs in the Gulf basin over the next 15 years, a government source said.

Those were results of bidding for blocs at auction in the Colombian Caribbean port and resort city of Cartagena, agency chief Armando Zamora told RCN radio.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
Sudan: New oil wells could avert civil war
Khartoum, Sudan (UPI) Jun 23, 2010
Sudan's government is reported to be exploring for oil in the war-torn Darfur region, which, if successful, could halt a threatened renewal of one of Africa's bloodiest civil wars. The secessionist south is expected to vote for independence in a 2011 referendum, part of a 2005 peace agreement that ended 21 years of war in which an estimated 2 million people have died. But since m ... read more







The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement