Mexico

PEMEX chose Japanese conglomerate Mitsui to construct a coking plant for its Tula refinery as revealed to Reuters.

Juan Pablo Newman, CFO of PEMEX, resigned his post on Friday, Jan. 19.

Roberto Blanco, Vice-president of Energy of Mexican conglomerate Grupo Alfa, said the company maintained interest in participating in licensing Round 2.4 to be held next Jan. 31.

According to El Financiero, the Nueva Era gas pipeline is 80 percent finished and will probably start operations in the second half of 2018.

International

According to the International Energy Agency the United States is expected to surpass Saudi Arabia and rival Russia as the world’s leading energy producer, reported Newsweek.

Norway’s Minister of Petroleum Terje Søviknes said that Norway should redouble its efforts in mapping in its Artic border with Russia in order to save guard its rights to the region’s oil and gas resources.

China’s natural gas production reached a three-year high in Dec. 2017 as the country tried to keep pace with winter demand.

According to OPEC, Venezuelan oil production hit a 28-year old low in 2017 with a nearly 300,000bpd drop year-over-year.

 
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