PEMEX is preparing 40 new farmouts which will be divided into 7 clusters of smaller blocks, according to new PEMEX CEO, Carlos Treviño, Tuesday Nov. 4.
Thursday Dec. 7, CNH cancelled the Nobilis-Maximino farmout, planned for Jan. 31, due to lack of interest from potential bidders.
Mexico’s oil exports to the United States rose to above 800,000 barrels per day to reach levels not seen since November 2014.
Exxon Mobil announced it will be opening its first eight gasoline stations in Mexico in the city of Queretaro.
Mexico’s inclusion as the 30th member of IEA was ratified by the Mexican Senate, making the country the first Latin American member of the organization.
The winners of licensing rounds 2.2 and 2.3 signed contracts, Friday Dec. 8, with the CNH except Shandong Kerui, whose field is expected to fall to a consortium led by runner up Roma Energy.
Chinese NOC Sinopec is suing Venezuelan NOC, PDVSA for US$ 23.7 million over an unpaid shipment of steel.
Norway’s 24th licensing round met a lackluster reception with the number of participants stalling at 11, compared to 26 for the 23rd licensing round.
A party from Malaysia’s ruling coalition, the Malaysian Indian Congress, suggested that Muslim countries stop quoting oil in US dollars in retaliation for the recognition of Jerusalem by the Trump administration.
One of Nigeria’s main oil unions threatened to go on strike Dec. 18 as a reaction to lay-offs leading to un upward pressure on oil prices.