Carlos Murrieta Cummings was named the new Director of PEMEX’s subsidiary for Industrial Transformation on August 20th. Murrieta will start functions on September first, when he returns to the state-owned oil company after sixteen months of absence.
Murrieta resigned his position as Chief Operating Officer of PEMEX in April of 2015, allegedly to recover […]Continue Reading →
On Wednesday May 4 in the idyllic Canadian town of Fort McMurray, nestled in the heart of Alberta’s oil sands, a forest fire spread to uncontainable proportions after a sudden change in the wind direction allowed the blaze to jump a river and encroach upon the town’s residents. With the exception of a few areas […]Continue Reading →
The beginning of a new era is approaching Saudi Arabia as it officially presents its “Vision 2030”, a plan for a post-oil economy. It will dedicate a whopping US$2 trillion toward a Public Investment Fund, which will be the largest sovereign wealth fund in the world and will help the country […]Continue Reading →
It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]Continue Reading →
In an excerpt from his exclusive interview with Mexico Oil & Gas Review 2016, Mauricio Herrera Madariaga, Executive and Administrative Coordinator of Fondo Mexicano del Petroleo sheds light on the purpose of the oil fund and erases all misconceptions that might exist surrounding its performance so far.
Q: Why did Mexico […]Continue Reading →
Three months have passed since the US historically decided to lift its 40-year ban on oil exports. In geopolitical terms, there is a current war among the oil producers in the world for power, and the North American preeminence has rarely hesitated to weigh in. Countries and multinational companies have been fighting for several decades […]Continue Reading →