Currently viewing the tag: "ExxonMobil"

After filing for insolvency in Sept. 2018, Oro Negro’s creditors attempted to take over five oil platforms. Mexico’s private sector defended industry’s regulators, CRE and CNH against a parliamentary initiative to integrate both commissions to the Ministry of Energy. Meanwhile, IEA adjusts Venezuela crude oil production on the low end and ExxonMobil and Shell […]

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Mexico witnessed the first signing of a preliminary unitization agreement in its entire oil and gas history, as it is laying the groundwork to boost crude oil and natural gas production. Meanwhile, Egypt, Venezuela and Saudi Arabia are stepping on the gas pedal to increase their respective drilling activities.

 

Ready to strike oil? […]

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Between successful project conclusions, natural gas storage facilities in the pipeline and a counter-monopolistic investigation, Mexico’s natural gas market had contrasting news last week. Meanwhile, US Treasury Secretary Steven Mnuchin dented IOCs’ stock market value, while ExxonMobil is facing business difficulties and OPEP members agreed to increase crude oil production.

 

Ready to drill […]

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Shells makes a new discovery in the GoM, Hokchi Energy sets the bar high for private operators and Jaguar E&P and Vista Oil & Gas sign the first private farmout in Mexico’s history. Meanwhile, PEMEX snaps out from a hefty fine and CNH takes another step in raising the interest in IOR and EOR […]

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MEXICO

 

PEMEX joins forces with private players

The Mexican productive enterprise of the state dominated shallow waters’ Round 3.1, winning seven contract areas. Six contract areas were awarded with consortiums and one as lone player. For a detailed analysis of Round 3.1, click here.

Alfa to close close partial […]

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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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