This week the oil industry faced a mixed bag. While Russian and Mexican entrepreneurs pledge investment in Mexico’s energy sector, the country continues to experience drops in production and fuel continues to be stolen. Meanwhile, CFE is evaluating the transfer of its pipelines to CENAGAs and investigations are underway in LPG theft.
In Latin America, […]Continue Reading →
Shell, founded in 1907, looks to satisfy society’s energy needs in an economic, social and environmentally responsible way. Present in Mexico since 1954, the company has a strong participation in every Mexican oil and gas segment, from upstream to retail. Mexico Oil & Gas Review 2018 sat down with Director General Alberto de la Fuente […]Continue Reading →
There is no denying that shallow waters are Mexico’s forte. At the height of its production boom, the Cantarell complex was producing 2.1 million b/d, ranking it the second-fastest producing field in the world. The knowledge and experience of the service providers that worked with PEMEX in shallow waters will be invaluable to the new […]Continue Reading →
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →
After weeks of speculation OPEC members have finally reached an agreement to lower oil production for the first time in eight years. Through this agreement Saudi Arabia is expected to diminish 350,000 per day and production is expected to drop from 33.4 million to 32.5 – 33 million barrels of oil per day. Iran, Nigeria […]Continue Reading →