Amid uncertainty concerning PEMEX’s credit rating in the near future, President-Elect López Obrador’s team and the incumbent administration are laying the groundwork of the country’s energy policy transition. Meanwhile, the US concluded its second oil and gas lease in the GoM of 2018 and its oil companies are facing higher production costs.
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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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PEMEX is working around the clock to remain at the top of Mexico’s oil and gas industry, new entrants stake their foothold in their country to capitalize on the unlocked opportunities and licensing rounds may come up against some hurdles in 2019. Meanwhile, the Arctic’s underground treasures are set to surface by 2019 and […]Continue Reading →
Oil and Gas associations stress the importance to protect the industry’s development in a document directed to the presidential candidates, CRE announce the relaunching of an open season for PEMEX and American oil giant Conoco Phillips corners the Venezuelan government by confiscating two cargo shipments.
Eager to see how the industry is going? Continue […]Continue Reading →
PEMEX wins seven contracts, while DEA Deutsche, CEPSA, Premier Oil and Total take three contracts each
Mexico’s NOC, PEMEX, walked away from Round 3.1 with seven contracts on Tuesday, leading a pack that included DEA Deutsche, CEPSA, Premier Oil and Total with three contracts each.
The official results […]
by Arturo Mora
The stage is set for Akron to rebrand 600 service stations in the Bajio region. The fuel additives company is also planning the construction of a storage terminal in Lagos de Moreno, Jalisco, with a capacity of 25,000 barrels. Akron’s decision stems in decreasing logistics costs as Mexico’s northern region charges […]Continue Reading →