Last week brought good news to Mexico’s LNG business as IEnova signed a preliminary agreement with Mitsui, Total and Tokyo Gas to export LNG to global markets. Meanwhile, CFE and PEMEX are called to become the main players of Mexico’s upcoming carbon market and refining and fracking are boosting the global oil and gas […]Continue Reading →
Last week filled a page of Mexico’s natural gas industry chapter. Dealing with an increased dependency on US imports, creating a natural-gas specialized NOC and reconsidering hydraulic fracking are but a few of the matters that President-elect López Obrador’s team wants to tackle to secure the country’s energy security. Meanwhile, OPEC maintains production levels […]Continue Reading →
Abel Hibert, a close advisor of President-elect AMLO, denied a Wall Street Journal article that said López Obrador would suspend Mexico’s licensing rounds for two years. Meanwhile, Saudi Arabia cancelled Saudi Aramco’s IPO and French Total abandoned its business ventures in Iran due to the renewed US sanctions.
Ready to drill through […]Continue Reading →
Conoco Phillips seizes Caribbean assets of Petroleos de Venezuela (PDVSA) to force the state-run company to pay US$2 billion for the concept of damages caused to the American oil giant by the Venezuelan government’s unilateral step to nationalize hydrocarbons assets back in 2007, under the government of late president Hugo Chavez.
The resolution emitted […]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
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 →