Global politics made an impact on Mexico’s oil prices this week as the US-China trade war was reignited. Nationally, SENER announced that Dos Bocas will bring a financial return to Mexico with five of six construction packages awarded.
Don’t miss this week’s Interview of the Week with Michael Ross, Vice President and Country Manager Mexico […]Continue Reading →
Pajaritos Petrochemical Complex (Photo credit: liberal.com.mx)
Admitting that excessive public financing of certain sectors in the energy industry, such as petrochemicals, would generate unnecessary debt, AMLO finalized an agreement last Wednesday for private investment with industry leaders in the Business Coordinating Council (CCE).
The agreement stipulates that the majority of petrochemical investment will be privatized […]
by Pedro Alcala
On Wednesday May 4 in the idyllic Canadian town of Fort McMurray, nestled in the heart of Alberta’s oil sands, a forest fire spread to uncontainable proportions after a sudden change in the wind direction allowed the blaze to jump a river and encroach upon the town’s residents. With the exception of a few areas […]
by Sara Warden
It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]Continue Reading →
We all know just how bad the impact of the sharp drop in oil prices has been on the industry. From US$115 in June 2014, they have unraveled to US$31 in February 2016. There is no denying that a price cut of more than a third has a significant impact on the industry, […]Continue Reading →
PEMEX’s struggles are no news for the Mexican oil and gas industry, but things are getting worse as the oil prices keep dropping, pulling down with them the global oil and gas industry. For now, it seems, there is no way out. On the 21st of January, when Brent Crude stood at US$28.38 per […]Continue Reading →