Currently viewing the tag: "Oil Production"

While PEMEX is going to great lengths to commit to its market-bolstering obligations, some of Mexico’s liberalized oil and gas market ambitions seem to be grasping at straws. Meanwhile, gasoline prices remain shielded from international markets. It was certainly a busy week for Mexico’s productive enterprise of the state and for the international oil and […]

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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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Last Thursday McDermott International, Inc. started the construction of Abkatun-A2, the largest McDermott project for PEMEX regarding size and financial investment.  Abkatun-A2 will replace the platform Abkatun-A, which was damaged in April 2015 during a fire and will be installed in Campeche at a 124 ft. depth. In a press release, McDermott stated this project […]

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After months of dropping oil prices with no end in sight, it seems that the commodity has finally come to its senses, with Brent, the international reference, rising up from approximately US$30 to around US$40 in less than one month. The itching question on everyone’s mind is “will it last?”.

Let us recall in brief […]

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The death of Venezuelan President Hugo Chavez will have various political, social, and economic implications in Venezuela and worldwide. His petrodollars filled the Venezuelan coffers and sponsored his socialist revolution for years – even though oil production has fallen 25% since […]

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