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 […]Continue Reading →
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.
US Increases Rig Count to […]Continue Reading →
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 […]Continue Reading →