Last week marked a preliminary NAFTA 2.0 agreement between Mexico and the US, Fluvio Ruiz, incoming Director General of PEMEX Exploración y Producción, claimed the Ministry of Finance owed PEMEX MX$70 billion and OPEC members are gauging their options to compensate Iran’s dropping oil exports.
Ready to strike oil? Here’s your weekly […]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.
Ready to fuel up? Here’s your weekly news roundup:
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June closed with positive news for Mexico’s oil and gas industry, from pipelines nearing completion to high volume discoveries and CNH’s licensing round blocks as investment magnets for the country. Meanwhile, Petrobras and Ecopetrol are capitalizing on their respective oil and gas opportunities, while Saudi Aramco is sitting on 2MMb/d of idle capacity.
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June is upon us and brought with it bad news for ASEA. The agency will remain without a governing body until after the elections. Meanwhile, PEMEX is pouring in the required financing to drill 50 wells before the end of 2018 and Hidrosina inaugurated Mexico’s first PV-powered service station. International waters saw Shell’s […]Continue Reading →
On March 21, 2018 Juan Carlos Zepeda, President Commissioner of CNH, highlighted the importance of allowing PEMEX to place a minority stake of the company on the Mexican stock exchange (BMV) through an Initial Public Offering (IPO) with the objective of raising capital and to give the company the financial strength it needs to […]
by Arturo Mora
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 →