The Week in Oil and Gas is all about finances, M&As and investment. While the volume of the industry’s M&A market decreased in 2018, its value grew compared to the previous year, reports EY. As for investment, Saudi Arabia will boost the figures internationally. In Mexico, civil concerns over poisonous gases produced by hydrocarbon wells […]Continue Reading →
Mexico’s energy sector faced more challenges this week as President Andrés Manuel López Obrador continued to cast doubts over contracts signed during the previous administration. However, citizens will have been happy to hear about his intentions to keep electricity bills low.
Here is a rundown of the big news in the energy sector this week.
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IEnova, one of the first private companies to invest in the Mexican energy sector, has made significant investments in the country’s infrastructure for hydrocarbon transportation, distribution and storage, as well as electricity generation. Present in Mexico since 1996, the company’s mission is to contribute to the country’s development by constructing and operating energy infrastructure. Check […]
by Brenda Salas
The Mexican government announced more winners of drilling contracts last week as it pushes forward with its aim to increase production on PEMEX oil fields.
The government is currently in the process of awarding contracts to companies to develop 20 recently discovered oil fields, including 16 offshore sites, which will require the drilling of some […]Continue Reading →
This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.
In Latin America, […]
by Sara Warden
Mexican President Andres Manuel Lopez Obrador last week announced that measures will be taken to restore the economic solvency of the country’s heavily indebted national oil company, PEMEX, while the CNH had its budget reduced.
The president unveiled his intention to reduce the tax burden on PEMEX so that further investment can be delivered […]Continue Reading →