Global News Trump Clears Path for Keystone XL and Dakota Access Pipelines
President Donald Trump signed executive orders on Tuesday clearing the way for the controversial Keystone XL and Dakota Access oil pipeline projects. The move comes after campaign promises of creating more jobs through the expansion of the US’s energy infrastructure, and sees key […]Continue Reading →
Oil ends week on a high
Oil prices ended last week on a high, with Brent crude trading at US$55.49 a barrel, up 2.5 percent. The spike comes amid news that OPEC and other countries would hold meetings over the weekend to establish compliance processes for the verification of agreed cuts.
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As US President Donald Trump locks in his ascension to power at Friday’s inauguration, analysts studying the outlook of Mexico’s oil and gas industry face a complex task. While the IMF predicts “US-related uncertainty” will sap Mexico’s economic growth in 2017, the country’s opening oil and gas sector is still celebrating the resounding […]Continue Reading →
As of January 16, 13 companies have initiated the prequalification process for Round 2.1, the shallow water exploration and extraction contract auction process that Mexico’s National Hydrocarbons Commission (CNH) intends to award in June 19 of this year. According to CNH’s website, the companies are:
The auction, originally planned for March 22, […]Continue Reading →
PEMEX imported diesel by train for the first time ever in January 2017, said the head of the NOC’s trading branch PMI Comercio Internacional, Isaac Volin. The development marks a milestone in Mexico’s opening energy industry, since the country previously received fuel imports by pipelines and seaports only.
Volin’s comments, made in a recent interview […]Continue Reading →
Mexico’s state-owned oil company PEMEX was denied a request to migrate its huge Ku-Maloob-Zaap asset to a single Exploration and Extraction Contract without a partner, in a move that could have lowered the tax burden attached to the Gulf of Mexico field, media reports said.
The proposal, presented to CNH by SENER, was found to […]Continue Reading →