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 […]Continue Reading →
PEMEX announced a crude discovery equivalent to an additional 180 million boe and is importing gasoline from South Korea while fracking is defended by CCE, CNH and the Ministry of Energy. Meanwhile, IEA’s head, Fatih Birol, is expecting a complicated 4Q18 in terms of macroeconic growth due to rising crude oil prices and […]Continue Reading →
Gasoline and natural gas price hikes are feeding Mexico’s inflation while the Attorney General Office is dealing with PEMEX’s complaints. Meanwhile, global oil production is set to ramp up in the 2018-19 horizon.
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Mexico became the 30th member of the IEA, thereby becoming the organization’s first Latin American member.
BHP Billiton will start drilling an appraisal well and an exploratory well later this year as part of a plan approved by the CNH Feb. 15
PEMEX reported no damages after the 7.2 […]Continue Reading →
On Monday 16 December, Mexico’s Secretary of Energy Pedro Joaquin Coldwell presented the International Energy Agency’s Executive Director Fatih Birol with an official letter declaring Mexico’s interest in joining the advisory organization.
The IEA was founded one year after the 1973 oil shock as an autonomous intergovernmental organization within the OECD framework, in order to […]Continue Reading →