Trillions of dollars in potential investments in the oil and gas industry could be jeopardized by “misguided” projections about so-called “peak demand” for energy and could end up putting the world’s energy security at risk, said Saudi Arabia Minister for Energy, Industry and Mineral Resources Khalid Al-Falih during Houston’s CERAWeek by IHS Markit 2017.
Reduced investment […]Continue Reading →
IHS Markit identifies Mexico’s Tampico-Misantla area as a potential “super basin” Onshore/shallow water area is “unexplored” and could hold 2.5 billion BOE in conventional resources Basin could contribute to offsetting Mexico’s declining production
Mexico’s Tampico-Misantla basin has been identified as a potential “global onshore super basin” in new research released by IHS Markit. […]Continue Reading →
PEMEX and the National Autonomous University of Mexico (UNAM) will reward oil and gas innovation with the creation of a prize covering the fields of physics, biology, chemical and health sciences, the state-owned oil company said this week.
The initiative “seeks to encourage Mexican students to undertake research to generate innovative solutions, permitting […]Continue Reading →
Global Oil Price Falls on OPEC Cut News
Global benchmark Brent crude was down 46 cents at US$56.24 on Monday as the market had already priced in reports that OPEC members delivered over 90 percent of their agreed production cuts last month.
US Increases Rig Count to […]Continue Reading →
With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be […]Continue Reading →
Global News Trump Clears Path for Keystone XL and Dakota Access Pipelines
President Donald Trump signed executive orders on Tuesday clearing the way for the controversial Keystone XL and Dakota Access oil pipeline projects. The move comes after campaign promises of creating more jobs through the expansion of the US’s energy infrastructure, and sees key […]Continue Reading →