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 →
PEMEX struggles to maintain a leading position in refining
The Ing. Antonio Dovalí Jaime plant, located in the Salina Cruz port in Oaxaca, is PEMEX’s most important refinery, and just this morning (November 24, 2015), reports emerged of a fire at the site. The incident started in a storage plant shortly after 10am and quickly […]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 →
Justin Time for the Climate Change Talks in Paris
On the 19th of October, after the victory by an absolute majority of the Liberal Party, Justin Trudeau was elected Prime Minister of Canada. His rise to power is met with anxiety in Canada’s oil industry, where the legacy of his father’s controversial energy […]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 →