This week, the Mexican Petroleum Fund for Stabilization and Development (FMPED) announced it had exceeded its income expectations by MX$84.9 billion, taking in MX$541.7 billion in 2018. This is the second consecutive year that this has occurred. 2018 revenues were 16.6 percent higher in real terms than those in 2017, and represented 2.4 percent of […]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 →
General Electric Co. and Baker Hughes Inc. announced this Monday a merger that combines GE’s oil & gas technological expertise with Baker Hughes’ oilfield services.
This new company will have a 62.5 percent shareholding from GE and 37.5 from Baker Hughes, with a combined investment of US$32 billion. This operation expects revenues of US$1.6 billion […]Continue Reading →
Following Schlumberger’s WesternGeco and ION’s announcement of a new 3D multiclient reimaging broadband program offshore Mexico, WesternGeco’s president, Maurice Nessim, announced a new partner on Thursday. The project will be joined by Malaysia’s national oil company Petroliam Nasional Berhad’s (PETRONAS) through its wholly-owned subsidiary, PETRONAS (E&P) Overseas Ventures Sdn Bhd, who will license a significant […]Continue Reading →
We all know just how bad the impact of the sharp drop in oil prices has been on the industry. From US$115 in June 2014, they have unraveled to US$31 in February 2016. There is no denying that a price cut of more than a third has a significant impact on the industry, […]Continue Reading →