Mexico

PEMEX is seeking to form joint ventures with existing partners for two deepwater blocks which the NOC won in January 2018.

Talks are taking place between PEMEX and the consortium formed by Talos Energy, Premier Oil and Sierra Oil & Gas regarding the drilling of an appraisal well of the Zama field which crosses into a block held by the NOC.

BP will open 300 new service stations in Mexico in the next 6 months.

The Guaymas-El Oro pipeline operated by IEnova will remain out of operation while a Mexican federal court considers a lawsuit against the reopening of the pipeline by a Yaqui indigenous group.

International

Shale pioneer Mike Papa warned that United States shale production will not boom as expected with higher oil prices.

The conflict between Ukraine and Russian continued to affect natural gas distribution to Europe of Russian natural gas through Ukrainian pipelines.

Natural gas and coal production in China is expected to reach record levels in 2018.

The Iraqi parliament voted to create a national oil company to manage its energy sector.

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