From the monthly archives: February 2017

PEMEX and the National Autonomous University of Mexico (UNAM) will reward oil and gas innovation with the creation of a prize covering the fields of physics, biology, chemical and health sciences, the state-owned oil company said this week.

The initiative “seeks to encourage Mexican students to undertake research to generate innovative solutions, permitting PEMEX […]

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Global Oil Price Falls on OPEC Cut News

Global benchmark Brent crude was down 46 cents at US$56.24 on Monday as the market had already priced in reports that OPEC members delivered over 90 percent of their agreed production cuts last month.

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US Increases Rig Count to Most […]

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With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be […]

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