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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (185155)	8/9/2014 6:56:27 AM
From: elmatador	Respond to of 206322

From zero to half million: Output from the "pre-salt" fields has passed 500,000 barrels of oil a day, nearly triple that of 2012, and now accounts for nearly a quarter of the company's total production of two million barrels a day. "In terms of productivity and the speed with which Petrobras has moved from zero barrels a day to 500,000 barrels a day, it's kind of unprecedented," says Ruaraidh Montgomery, an analyst at researcher Wood Mackenzie. http://online.wsj.com/articles/brazils-new-oil-output-stems-decline-1407435699

To: t4texas who wrote (185155)	8/13/2014 7:22:43 AM
From: Dennis Roth	3 Recommendations Recommended By evestor isopatch LoneClone Read Replies (1) \| Respond to of 206322

Mexico Macro Flash Energy Reform Legislation Is Signed Into Law and Implementation Begins in Earnest 11 August 2014 ¦ 5 pages ir.citi.com This morning President Peña Nieto signed into law the secondary legislation of the energy reform, thus concluding the legislative stage of this far-reaching reform. The implementation phase now begins and with surprises on the upside, as during the ceremony in Mexico City, Peña Nieto announced 10 actions that imply a faster pace of implementation than originally expected: Round zero accelerates. Instead of results being announced until mid-September, they will be announced this Wednesday August the 13th; Round One will follow suit. Also this Wednesday, the Ministry of Energy will announce the fields that will be included in the first auction for private participants. This round will take place in 1Q15, before what we had originally assumed. Announcements on the projects in which PEMEX will require partnerships with private companies will also be made; The decrees establishing the creation of the industry regulators in the electricity and gas markets will be launched before the end of this month; Proposals for occupying the boards of the different institutions created/modified by the energy reform will also be announced this month. This includes the National Hydrocarbon Commission, the Energy Regulatory Commission, independent members on the boards of PEMEX and CFE as well as the members of the new Mexican Oil Fund; In this respect, the Mexican Oil Fund will begin operating in September. This along with several other funds, such as those promoting the development of local suppliers; Also in September, the ministries of Energy and Education, along with the National Council of Science and Technology will announce a program of human resource creation whose aim is to support human capital formation, a major challenge for the successful execution of the reform; By October, all regulations stemming from the secondary legislation that was signed into law today should be ready. The aim is to avoid regulatory hurdles to the rapid execution of the reform; Also by October, a decree restructuring the Mexican Oil Institute (IMP) – a core institution in terms of oil-sector know-how in the country whose relevance in the recent past had been waning – will be announced. In the same months, the guidelines for the issuance of clean-energy certificates will be announced. Within a 90-day period that begins today, the new National Agency of Environmental Security and Protection will have its internal regulatory framework ready. We see these announcements as eminently positive, as several of them are market- relevant in our view, and together should help to create momentum in terms of investors ´ sentiment about the reform.