Mexico

The 2018 elections will not affect this year’s licensing rounds said Mexican Minister of Energy, Pedro Joaquin Coldwell.

Mexican company Avant Energy announced it is designing a logistics system to bring refined products by train from the port of Altamira to Mexico’s Bajio region.

PEMEX adjusted its term pricing formulas for the month of March for crude oil shipped to Europe, the Americas and the far East.

Spanish natural gas company Fenosa stated it expects to add 1 million new customers in Mexico in the coming five years.

International

Saudi Arabia is investing heavily in substituting hydrocarbons with renewables to meet its energy needs.

The Russian oil company Gazprom Neft has stated that it expects the OPEC-Russia production cutting agreement to be extended into 2019.

Chinese CNOOC began production at the US$6 billion Stampede oil field in the Gulf of Mexico.

US Secretary of State Rex Tillerson stated that he had the support of President Trump to impose sanctions on exports of Venezuelan oil.

Please feel free to review earlier news items on the Mexico Oil & Gas blog.  

 
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