Late Tuesday, the US Federal government’s Trade and Development Agency announced that it had awarded a $1.3 million grant to Perupetro, the Peruvian government’s state-owned oil and gas company, to promote “private investment” in Peru’s oil and gas industry. ‘Scuse me. I gotta stop laughing over this.Okay, I’ve regained my composure. According to the agency, $700,000 of the grant will be used to gather “geological, geophysical, and economic datat to identify the eight most promising new on-shore blocks to offer for commercial development.” The remainder will be used to create “an integrated geochemical database” and “definition of petroleum systems in … Continue reading Money Well Spent