Currently viewing the tag: "BP"

 

Abel Hibert, a close advisor of President-elect AMLO, denied a Wall Street Journal article that said López Obrador would suspend Mexico’s licensing rounds for two years. Meanwhile, Saudi Arabia cancelled Saudi Aramco’s IPO and French Total abandoned its business ventures in Iran due to the renewed US sanctions.

 

Ready to drill through […]

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PEMEX is working around the clock to remain at the top of Mexico’s oil and gas industry, new entrants stake their foothold in their country to capitalize on the unlocked opportunities and licensing rounds may come up against some hurdles in 2019. Meanwhile, the Arctic’s underground treasures are set to surface by 2019 and […]

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Conoco Phillips seizes Caribbean assets of Petroleos de Venezuela (PDVSA) to force the state-run company to pay US$2 billion for the concept of damages caused to the American oil giant by the Venezuelan government’s unilateral step to nationalize hydrocarbons assets back in 2007, under the government of late president Hugo Chavez.

The resolution emitted […]

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MEXICO

PEMEX will remain BP’s gasoline supplier for the 500 service stations it plans to have operational before the end of 2018 as it is not contemplating investments in fuel storage or transportation.

CRE is evaluating options for gas storage. During the seventh edition of the World […]

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National

PEMEX is racing against time to further open up the use of its pipelines and storage infrastructure for the private sector, before the nationwide liberalization of gasoline prices set for Nov. 30, 2017. To that end, CRE is preparing a capacity cession project for private players, readily available in COFEMER. […]

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We all know just how bad the impact of the sharp drop in oil prices has been on the industry. From US$115 in June 2014, they have unraveled to US$31 in February 2016. There is no denying that a price cut of more than a third has a significant impact on the industry, […]

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