Has the deepwater sector irreparably sunk?
A day before Halloween, major international companies announced some spooky news. After 17 months of dropping oil prices with no end in sight, they are turning away from the costly, high-risk megaprojects that were previously claimed as the future of the industry. US oil producers are switching to […]Continue Reading →
But what does this mean for the country in context?
Oil sales hedging is not a particularly popular activity for countries, but luckily for us, Mexico is not one to be influenced by the crowd. Last year, the country hedged 228 million barrels of oil at US$76.40/b, guaranteeing sales at almost US$30/b higher than […]Continue Reading →
According to the International Labor Organization, a person dies from a work-related accident and 153 people have a work-related accident every 15 seconds. Some jobs seem to be packed with adrenaline due to their dangerous nature. The idea of ‘dangerous’ changes with the times, and while lumberjack remains to be considered a risky profession, parole […]Continue Reading →
The New Economics of Oil
What if everything you thought you knew about oil was wrong? That is the idea behind the paper published last week by Spencer Dale, BP’s Chief Economist.
New Economics of Oil takes the key principles and beliefs we think underpin the operation of the oil market and reveals […]Continue Reading →
On Monday evening, Edgar Rangel Germán, Commissioner of CNH, posted on his Twitter account about CNH’s efforts to set a trend in Enhanced and Improved Oil Recovery, colloquially known as EOR and IOR.
Both methods involve any process, or combination of processes, that are applied to economically increase the volume of oil recovered from the […]Continue Reading →
Investors are delighted. Yesterday, the information related to deepwater seismic studies and well packages, including guidelines, specifications, procedures, cost, and required forms was released by CNH. A total of 55 wells off the coasts of Tamaulipas, Veracruz, and Tabasco will be tendered in 20 blocks. This information is situated in the data room and has been divided […]Continue Reading →