National

PEMEX has more competition in the fuel retail business with the recent opening of Shell and Chevron’s fuel stations during the week, there are 21 other brands with 50 new stations.

PEMEX counts with more than 10,000 fuel stations within the country.

CNH has published the official list of companies interested in participating in the following farm-outs with PEMEX. Next September 26 the list of the consortium and groups to be formed will be updated.

International

Irma Hurricane consequence’s expected by the oil market after a week of drop prices resulted in a positive balance for the WTI and Brent blends at the end of the week, this is the second hurricane to hit the US in the past two weeks, which is affecting refineries’ activities.

Local communities are threatening the development of Vaca Muerta in Argentina, the second largest unconventional reservoir in the world has shut-down 14 drilling wells by the Mapuche community in a series of demands directed to YPF.

 

Petrobras has extended its deadline to participate in seven exploration areas located in shallow waters in the states of Ceara, Rio Grande do Norte, Sergipe, Rio de Janeiro and Sao Paulo. This new date is going to be set on September 29 in order to look for more interest and participation from the market.

The Brazilian company seeks to reduce its debt burden.

 
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