Fieldwood Energy and its Mexican partner PetroBAL could start production as soon as 2019 on the two shallow water oil fields it won at an auction last year in Mexico’s newly opened oil & gas sector, Fieldwood’s CEO Matt McCarroll told Bloomberg News in an interview this week.
The Ichalkil Pokoch fields’ potential appears to […]Continue Reading →
Robert Gordon University in Scotland has been awarded funding for the creation of a program aimed at resolving the skills shortage in Mexico’s oil and gas industry. The Aberdeen-based institute secured the resources from the British Embassy in Mexico through the UK government’s Prosperity Fund.
The initiative will contribute towards filling the estimated 135,000 jobs […]Continue Reading →
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 →