The global energy demand is growing exponentially and there seems to be no stopping it. In 2018, this demand rose at its highest rate in the last decade, increasing 2.3 percent year-on-year. Global use of crude oil, which in 2018 averaged 99.2 MMb/d, should hit 100.6MMb/d by the end of 2019. Yet the energy […]Continue Reading →
Mexico’s energy sector faced more challenges this week as President Andrés Manuel López Obrador continued to cast doubts over contracts signed during the previous administration. However, citizens will have been happy to hear about his intentions to keep electricity bills low.
Here is a rundown of the big news in the energy sector this week.
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Oil and Gas associations stress the importance to protect the industry’s development in a document directed to the presidential candidates, CRE announce the relaunching of an open season for PEMEX and American oil giant Conoco Phillips corners the Venezuelan government by confiscating two cargo shipments.
Eager to see how the industry is going? Continue […]Continue Reading →
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 […]Continue Reading →
In the wake of the NAFTA re-negotiations, especially the ones going around energy to take place from Friday 18 until Sunday 20, oil and gas associations AMEXHI, API and CAPP stated their support towards market-oriented politics that eliminate barriers, bring economic growth and create job opportunities. This vision is shared by main outlets such […]
by Arturo Mora
Mexico is Slowly but Surely Regaining Global Prominence in the Energy Sector
It is official: after having been awarded the shallow waters field containing the Amoca, Tecoalli, and Miztón fields on 30 September in the second bidding phase of Round One, ENI has just signed its first production-sharing contract, officiating its entrance into Mexico’s national […]Continue Reading →