Never say never, but unfortunately, things are not looking bright for the oil prices this year. Understanding the drop is essential to predicting future developments, and the nature of it pretty much boils down to the simple laws of supply and demand, athough the impact of a strenghtening US dollar and a reduction in investment […]Continue Reading →
On the 3rd of December PEMEX opened its first gas station in the US, choosing Houston as its base location for living out the American dream. The gas station is selling petrol from the US at the second lowest price in all of Houston, an advantage it will need to compete with the seven other gas stations […]Continue Reading →
Has the deepwater sector irreparably sunk?
A day before Halloween, major international companies announced some spooky news. After 17 months of dropping oil prices with no end in sight, they are turning away from the costly, high-risk megaprojects that were previously claimed as the future of the industry. US oil producers are switching to […]Continue Reading →
One of the most important transactions to the global oil and gas industry took place this past Thursday November 13th: O&G engineering giant Amec decided to take over Foster Wheeler. Now, Amec Foster Wheeler, has combined forces to take on projects in over 50 countries, including Mexico. With a workforce that adds up to 40,000, […]Continue Reading →
The following is the second part of our translation of Emilio Lozoya Austin’s speech during yesterday’s announcement.
The second pillar in PEMEX’s strategy is the most important in the short term regarding partnerships and associations for the development of the fields assigned to it in Round Zero. We are talking about 10 projects that are […]Continue Reading →
The results of the Round Zero and the content of Round One were announced today by a contingent of public sector leaders in the Mexican oil & gas industry that included SENER heads Pedro Joaquin Coldwell and Lourdes Melgar, PEMEX CEO Emilio Lozoya Austin, PEMEX E&P Director General Gustavo Hernández and CNH Commissioner Juan Carlos […]Continue Reading →