Posts by: Lucy Raitano

PEMEX and the National Autonomous University of Mexico (UNAM) will reward oil and gas innovation with the creation of a prize covering the fields of physics, biology, chemical and health sciences, the state-owned oil company said this week.

The initiative “seeks to encourage Mexican students to undertake research to generate innovative solutions, permitting […]

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Global Oil Price Falls on OPEC Cut News

Global benchmark Brent crude was down 46 cents at US$56.24 on Monday as the market had already priced in reports that OPEC members delivered over 90 percent of their agreed production cuts last month.

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US Increases Rig Count to […]

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With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be […]

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Global News Trump Clears Path for Keystone XL and Dakota Access Pipelines

President Donald Trump signed executive orders on Tuesday clearing the way for the controversial Keystone XL and Dakota Access oil pipeline projects. The move comes after campaign promises of creating more jobs through the expansion of the US’s energy infrastructure, and sees key […]

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Global News


Oil ends week on a high

Oil prices ended last week on a high, with Brent crude trading at US$55.49 a barrel, up 2.5 percent. The spike comes amid news that OPEC and other countries would hold meetings over the weekend to establish compliance processes for the verification of agreed cuts.

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As US President Donald Trump locks in his ascension to power at Friday’s inauguration, analysts studying the outlook of Mexico’s oil and gas industry face a complex task. While the IMF predicts “US-related uncertainty” will sap Mexico’s economic growth in 2017, the country’s opening oil and gas sector is still celebrating the resounding […]

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