Mexico

The gas station group G500 opened its first converted and fully owned station in the State of Mexico. By the end of the year, the group expects to convert over 150 additional fuel stations and convert their national network with more than 1,400 stations by the end of 2018. G500 counts with an engine-cleaning additive what enhances performance and is environmentally friendly.

Mexico will seek to increase its national natural gas production to counteract its high import index of this hydrocarbon; the Minister of Energy ratified Round 2.5 which includes unconventional reservoirs with the goal of reducing the current energy dependence on the US.

Mexico’s natural gas importations has increase 81 percent since its last year.

Cotemar plans to increase its E&P investment by late 2018 in its Cuichapa and Paso de Oro development fields. With this investment, the company intends to increase its current daily production platform.

 

 

International

Oil prices rose on Friday 18 as the US dollar fell and fewer US platforms fueled a rebound that allowed Brent and WTI to record a significant weekly gain.

Oil prices recover from a 3 percent lost and revamp its way at the last day of the week.

Eulogio del Pino, President of PDVSA, denounced that the Venezuelan NOC suffers a financial blockade from the US without any economic sanction still in force for Venezuela, which damages the company’s ability to receive payments for its oil shipments to the US.

Shell Deer Park – a refinery co-owned by Shell and PEMEX – may be shut for up to two weeks due to repairs from a fire incident that happened on August 17.

 
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