PEMEX announced a crude discovery equivalent to an additional 180 million boe and is importing gasoline from South Korea while fracking is defended by CCE, CNH and the Ministry of Energy. Meanwhile, IEA’s head, Fatih Birol, is expecting a complicated 4Q18 in terms of macroeconic growth due to rising crude oil prices and […]Continue Reading →
In the week that Mexico, Canada and the US concluded negotiations for the new USMCA trade agreement, CNH advised an action plan to reach the next administration’s crude oil production targets, approved Talos Energy’s appraisal plan for Zama and authorized Jaguar E&P’s farmout with Vista Oil & Gas. Meanwhile, Argentina is poised to […]Continue Reading →
Last week filled a page of Mexico’s natural gas industry chapter. Dealing with an increased dependency on US imports, creating a natural-gas specialized NOC and reconsidering hydraulic fracking are but a few of the matters that President-elect López Obrador’s team wants to tackle to secure the country’s energy security. Meanwhile, OPEC maintains production levels […]Continue Reading →
Mexico witnessed the first signing of a preliminary unitization agreement in its entire oil and gas history, as it is laying the groundwork to boost crude oil and natural gas production. Meanwhile, Egypt, Venezuela and Saudi Arabia are stepping on the gas pedal to increase their respective drilling activities.
Ready to strike oil? […]Continue Reading →
President-elect López Obrador dissipated doubts over his initial declarations over the momentary halt of the country’s licensing rounds to subsequently announce December service tenders, COFECE launches a monopolistic practice investigation in the petroleum products market and AMLO’s Chief of Staff, Alfonso Romo, discarded subsidies or government control over gasoline prices. Meanwhile, the US regained […]Continue Reading →
Accompanied by Tabasco’s Governor-elect, Adán Augusto López, incoming Minister of Energy, Rocío Nahle and incoming PEMEX Director General, Octavio Romero, President-elect López Obrador (AMLO) held a press conference in Tabasco’s Hilton hotel. This took place after a private meeting with different oil and gas players to address the challenges the industry will be facing […]Continue Reading →