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 →
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 →
Investors are delighted. Yesterday, the information related to deepwater seismic studies and well packages, including guidelines, specifications, procedures, cost, and required forms was released by CNH. A total of 55 wells off the coasts of Tamaulipas, Veracruz, and Tabasco will be tendered in 20 blocks. This information is situated in the data room and has been divided […]Continue Reading →
Note: It is our pleasure to invite you to attend the Mexico Oil & Gas Summit on Wednesday 22nd July, 2015, taking place one week after the announcement of the winners of the shallow water exploration phase of Round One. As the premier event of the Mexican oil and gas calendar, the Mexico Oil & […]Continue Reading →
Shock waves are going through the global oil and gas markets. Oil prices have received a substantial low-blow over the past month and today the WTI sits just under US$6 per barrel, the Brent is at US$69 and the Mexican crude oil basket hovers at US$59.
Evidenced in EIA’s Short-Term Energy Outlook published this past […]Continue Reading →