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 remain. In the meantime, South Africa is all over the industry’s headlines with its massive discovery of gas off its shores.
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 out the interview of the week with CFO of IEnova Nelly Molina.
Ready to Dig in?
Mexico, Oil and Gas:
Mexican Government Hands Out More Drilling Contracts to Push Production.
While the Mexican government attempts to breathe new life into the country’s oil and gas industry, civil organizations like Carto Critica and Cemda raise concerns over how deficient the measurement systems for poisonous gases from hydrocarbon wells are.
The digital economy carries the promise to revolutionize Canadian offshore oil and gas industry. Learn more here.
Saudi Arabia to reaffirm its bet on the oil and gas industry with an expansion plan abroad, says Minister of Energy Khalid al Falih.
South Africa’s offshore reveals a massive find of an estimated 1-billion-gas-barrel field.
The University of Texas at Austin to develop an emissions model calculator for oil and gas production. The project was awarded by the Collaboration for Advancing Methane Science (CAMS) and is expected to be completed by the end of 2019.
Financing Finances: The M&A Market
The M&A market in oil and gas grew in FY18 but with lower transactions, according to EY.
Vista Oil & Gas completed the sale of US$55 million shares to Kensington Investments, a subsidiary of the Abu Dhabi Investment Council.
Johnson Carmichael and the deals ahead for 2019; it is all about macroeconomics and geopolitics.
Don’t miss out on your chance to rub shoulders with the industry’s leaders at the launch of the new edition of Mexico Oil and Gas Review at Mexico Oil and Gas Summit 2019, at the Sheraton Maria Isabel hotel in Mexico City this July 17! Register here!
For more industry news, follow our blog.