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 →
If you are under 25, or an adept user of the internet, you may have come across this image that was posted on many popular websites and social media platforms. Mexico Oil and Gas Review investigated the veracity of this claim and found that on 20 January 2016, not only was […]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 →
Groundbreaking changes to Mexico’s energy regime are expected to take effect throughout the coming 12 months. Essentially, the Energy Reform and its Secondary Laws will enable private participation in the oil and gas sector’s exploration, production, and distribution of hydrocarbons. Dynamic activities in all of the industry’s segments is set to kick in sooner than […]Continue Reading →