PEMEX has just declared its intentions to return a number of previously granted operative fields to the Ministry of Energy (SENER), arguing a lack of resources to operate them. This includes 95 fields that were allocated to the NOC without having been requested and an unknown number of fields that were solicited in the Round Zero application. According to […]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 →
After five years of intense negotiations, the Trans-Pacific Partnership agreement has finally been completed, intertwining economies from the American and Asian continents. The long-awaited agreement comes as part of the efforts by leading countries to devise legal frameworks that will result in further globalization. It was announced on the fifth of October by the Trade […]Continue Reading →
Spread across the states of Veracruz, Puebla, and Hidalgo, Chicontepec is Mexico’s largest hydrocarbon reserve to date, with around 17.7 billion boe and 28.4tcf of probable gas reserves. Such was the enthusiasm for its potential that President Vicente Fox once announced that PEMEX would invest US$37.5 billion by 2026, including the drilling of 13,500 wells […]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 →