Senior Correspondent
Terry's Feed
Oct 28, 2013

Analysis: From Big Foot to Bluto, Gulf of Mexico bolstering U.S. as No. 1 in oil

CORPUS CHRISTI, Texas (Reuters) – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas’s Eagle Ford formation in terms of growth.

Oct 28, 2013

From Big Foot to Bluto, Gulf of Mexico bolstering U.S. as No. 1 in oil

CORPUS CHRISTI, Texas, Oct 28 (Reuters) – The Gulf of
Mexico, stung by the worst offshore oil spill in U.S. history in
2010 and then overshadowed by the onshore fracking boom, is on
the verge of its biggest supply surge ever, adding to the
American oil renaissance.

Over the next three years, the Gulf is poised to deliver a
slug of more than 700,000 barrels per day of new crude,
reversing a decline in production and potentially rivaling shale
hot spots like Texas’s Eagle Ford formation in terms of growth.

Oct 28, 2013

Analysis: From Big Foot to Bluto, Gulf of Mexico set for record oil supply surge

CORPUS CHRISTI, Texas (Reuters) – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas’s Eagle Ford formation in terms of growth.

Oct 28, 2013

From Big Foot to Bluto, Gulf of Mexico set for record oil supply surge

CORPUS CHRISTI, Texas, Oct 28 (Reuters) – The Gulf of
Mexico, stung by the worst offshore oil spill in U.S. history in
2010 and then overshadowed by the onshore fracking boom, is on
the verge of its biggest supply surge ever, adding to the
American oil renaissance.

Over the next three years, the Gulf is poised to deliver a
slug of more than 700,000 barrels per day of new crude,
reversing a decline in production and potentially rivaling shale
hot spots like Texas’s Eagle Ford formation in terms of growth.

Oct 6, 2013

Floodgates reopen in New Orleans, oil platforms restaff as storm wanes

HOUSTON (Reuters) – Massive barge gates shut to prevent flooding in New Orleans were reopened on Sunday and energy firms started returning workers to oil platforms in the Gulf of Mexico, after officials lifted evacuation orders as Tropical Storm Karen faltered.

The U.S. Army Corps of Engineers was reestablishing normal port traffic on waterways, including the Inner Harbor Navigation Canal-Lake Borgne Surge Barrier and the Seabrook Floodgate Complex in New Orleans, built after Hurricane Katrina devastated the low-lying city in 2005.

Sep 27, 2013

BP battles for billions in new Gulf trial phase

HOUSTON/LONDON (Reuters) – BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well.

Starting on Monday in New Orleans, this second of three phases of a trial determining responsibilities for the worst marine pollution ever seen in the United States, could – in the worst outcome for the British firm – land BP with a bill five times greater than the $3.5 billion it has set aside for fines.

Sep 17, 2013

Tight oil potential outside N.America is huge -study

LONDON/HOUSTON, Sept 17 (Reuters) – Commercially recoverable
reserves of tight oil in the rest of the world could be double
or more those of North America and the geology of the 23 best
opportunities is better in some cases, according to a new study.

But the study by analysis firm IHS warned development in
newer regions will likely to be slower than in the United States
as many countries could run into constraints including
government policy and regulation, lack of access to specialised
kit and skilled labor, and access to land.

Jun 7, 2013

Peru’s leader says will not pardon jailed Fujimori

LIMA (Reuters) – Peru’s government on Friday rejected a pardon request from jailed former President Alberto Fujimori, saying he does not suffer from a terminal illness, in a move likely to aggravate tensions with the opposition.

Fujimori, 74, was imprisoned on corruption and human rights convictions stemming from his 1990-2000 rule, when he beat back hyperinflation and concentrated power to crack down on a bloody leftist insurgency known as the Shining Path.

Jun 7, 2013

Exclusive: Brazil’s Petrobras plans to leave Peru – sources

LIMA (Reuters) – Brazil’s Petrobras plans to leave Peru, six high-level sources inside and outside of the company said, as the overextended state-run firm sheds assets abroad to focus on its domestic market.

The sources did not say how much the Peruvian assets – which basically consists of two natural gas blocks – could be worth. Globally, the company reportedly expects to generate about $9 billion from an asset sale program being carried out to help fund the development of enormous offshore reserves in Brazil.

Jun 7, 2013

Brazil’s Petrobras plans to leave Peru – sources

LIMA, June 7 (Reuters) – Brazil’s Petrobras plans to leave
Peru, six high-level sources inside and outside of the company
said, as the overextended state-run firm sheds assets abroad to
focus on its domestic market.

The sources did not say how much the Peruvian assets – which
basically consists of two natural gas blocks – could be worth.
Globally, the company reportedly expects to generate about $9
billion from an asset sale program being carried out to help
fund the development of enormous offshore reserves in Brazil.

    • About Terry

      "I lead our coverage in Peru, where I have been since August 2007. Before that, I worked in Brazil for seven years covering all things under the sun."
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