Mexico

Mexico became the 30th member of the IEA, thereby becoming the organization’s first Latin American member.

BHP Billiton will start drilling an appraisal well and an exploratory well later this year as part of a plan approved by the CNH Feb. 15

PEMEX reported no damages after the 7.2 magnitude earthquake in Southern Mexico Feb 16.

Since the fall of oil prices hotel occupation in Mexico’s principal oil industry cities has fallen almost by half.

Local authorities ordered Gas Natural Fenosa to cease work on a pipeline after a main burst during a pressure integrity test.

The Federal Energy Regulatory Commission approved the construction of two pipelines to facilitate the movement of natural gas from the United States to Mexico.

International

Saudi Energy Minister Khalid al-Falih said that that OPEC should maintain its price accord even at the risk of creating a shortage of supplies.

Neptune Energy announced its completion of the acquisition of ENGIE E&P International SA.

Analysts expect China’s oil demand to grow by 4.2 percent in 2018, after growing at 5.5 percent in 2017.

Noble Energy said it will sell its assets in the Gulf of Mexico to Fieldwood for US$710 million.

Russia obtained the exclusive rights to produce oil and gas in Syria in after signing an energy cooperation agreement in January.

According to the EIA the United States will become a net exporter of oil and gas by 2022.

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