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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 11, 2014
Page
10
Mexico moves to open its oil gas and electric sectors after 76 years of state control. Experts say tens of billions in outside investment depend on tender and concession design attractive to firms already handling deep water drilling and shale activity. The reforms aim to spur an industrial boom and lower electricity costs while reducing imports.
Mexico seeks to raise oil and gas production from 2.5 million barrels per day to 3.5 million by 2025. The plan relies on private firms bringing expertise to shale and deep-water reserves. First drilling blocks contracts are expected in 2015 with $10 to $15 billion anticipated annually in private investment.
Europe's oldest village may lie in Kiladha Bay near Franchthi Cave in Greece. The MS Turanor Planet Solar, a solar powered vessel, will lead the underwater survey next week to seek sunken Neolithic buildings and shed light on early farming spread in Europe.
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