Mexico’s Offshore Oil Investment Set To Plunge Despite
Investment in Mexico’s offshore oil sector is set to plunge by 21 percent between 2024 and 2025 compared to previous expectations, as the price crash and the financial issues of state oil firm
Mexico is the third-largest foreign crude oil supplier to the United States, with exports currently averaging about 1.2 million barrels per day (b/d). The oil sector generates about 15 percent of Mexico’s export earnings.
Why Mexico’s Oil Reform Is A Huge Opportunity For Investors
While Tecolutla is oil-weighted, Tonalli is open to pursuing both oil and gas opportunities, and this first block is just the beginning of a plan to make an aggressive move on Mexico’s next
State oil company Petróleos Mexicanos produced 2.353 million barrels a day of crude oil in December, according to preliminary data published late Tuesday, bringing average output for 2014 to 2.429 million barrels a day, compared with 2.522 million in 2013.
The Revival of Mexico's Oil Sector - Stratfor
Mexico's attempts to attract foreign companies to its oil sector finally appear to be paying off. After seeing only lukewarm interest in its first round of bidding on oil blocks in July, Mexico held a subsequent tender on Sept. 30 that was largely deemed a success. The promising results will likely dispel most of the doubts surrounding the contractual terms that Mexico City is offering to
Mexican oil auctions originally set for later this year will be postponed until February, Mexico's oil regulator announced on Wednesday, allowing time for leftist President-elect Andres Manuel
Mexico's Emerging Oil Opportunities Are Great
Mexico's oil sector has been in decline since giant oil field Cantarell peaked in 2004. But, make no mistake, the historic 2013 Energy Reforms will help re-install Mexico as one of the world's
Mexico’s President Faces Inside Pressure to Soften His Oil-Industry Stance Officials within Andrés Manuel López Obrador’s government are pushing him to give private investors a bigger role
Mexico Moves to Open Its Energy Sector - Stratfor
Despite these challenges and constraints, Mexico's energy reform has already improved the country's oil and natural gas sector in addition to its regulatory processes. If all goes according to Mexico City's plan to reverse its recent decline in oil production, a number of international oil companies will begin significant exploration across
This loss amounted to a staggering 5 million barrels of daily crude output, or 5% of the world’s oil supply. U.S. Becomes a Net Oil Exporter: For the first time since government monthly records
Sector Oil & Gas - BNamericas Store
Brazil: Latin America's new oil and gas crown jewel. Brazil's oil and gas sector is experiencing a boom – and not only because of record production levels. A wave of E&P rights auctions and new pro-market regulations have prompted investment opportunities to multiply. US$199 Buy now
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Washington Week: FERC to update PURPA - S&P Global
Despite Trump's pledges, oil prices are still on track to rise at the start of the week amid mounting geopolitical tensions over the attacks. S&P Global Platts Analytics estimated that Brent oil prices could test $80/bbl over the coming days after starting September below $60/bbl.
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Mexico raises close to $100bn in oil sector investment
Mexico raises close to $100bn in oil sector investment tenders since a landmark reform in 2013 that opened Mexico’s oil and gas sector to foreign investment for the first time in nearly 80
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Mexico’s President Faces Inside Pressure to Soften His Oil
Mexico’s President Faces Inside Pressure to Soften His Oil-Industry Stance Officials within Andrés Manuel López Obrador’s government are pushing him to give private investors a bigger role
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Sector Oil & Gas - BNamericas Store
AMLO's Plans for Mexico's Oil & Gas Sector. Mexico's president-elect Andrés Manuel López Obrador (AMLO) faces many challenges in the oil sector, such as how to increase production, fuel processing and reduce gasoline imports, without sacrificing exports, a valuable source of gover... US$399 US$99 Buy now
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Royal Dutch Shell Plc: Mexican private sector pitches $92
MEXICO CITY : Mexico's private sector has drawn up a broad package of proposed energy investments for the government worth almost $92 billion, according to a document seen by Reuters on Wednesday, providing a potential lift to the country's misfiring economy.
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2024 Russia–Saudi Arabia oil price war
The Russia–Saudi Arabia oil price war of 2024 is an economic war triggered in March 2024 by Saudi Arabia in response to Russia's refusal to reduce oil production in order to keep prices for oil at moderate level, since its consumption fell dramatically due to 2024–20 coronavirus pandemic. This economic conflict resulted in a sheer drop of
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A Realistic Plan to Revive Mexican Oil | Americas Quarterly
Less than 20 years ago, Mexico was the world’s sixth largest oil producer and one of the largest suppliers to the United States. Since then, the nation’s oil sector has been in dramatic decline. After peaking at 3.6 million barrels per day (bpd) in 2004, Mexican oil production fell to 1.7 million bpd in 2024, the lowest level since 1980.
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Mexico shelves oil auctions until after leftist leader
MEXICO CITY (Reuters) - Mexican oil auctions originally set for later this year will be postponed until February, Mexico’s oil regulator announced on Wednesday, allowing time for leftist
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Mexico raises close to $100bn in oil sector investment
Mexico raises close to $100bn in oil sector investment tenders since a landmark reform in 2013 that opened Mexico’s oil and gas sector to foreign investment for the first time in nearly 80
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Coronavirus crisis a 'game changer' for oil sector
This would in turn cause an oil shortage, pushing prices above the Wall Street bank's $55 a barrel target for 2024, it said. "This will likely be a game changer for the industry," the bank said.
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Palm oil buyers cultivate Mexico's ambition to grow a
Mexico doesn’t usually come to mind when you think of palm oil, the world’s top vegetable oil that’s found in scads of everyday products from cookies and chips to soaps, cosmetics and infant formula. And no wonder, as Mexican production is just 140,000 metric tons, a sliver of global production, which now surpasses 70 million metric tons
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This election, don't buy what Big Oil is selling
In fact, more people are employed in clean tech today in Canada than in Canada’s entire oil and gas industry – but you wouldn’t know it to hear the oil industry and its boosters talk. And – here’s the rub – oil production is now at an all-time high, but royalty revenues and employment have been falling.
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After 76 Years Of Nationalism, Oil-rich Mexico Welcomes
After 76 Years Of Nationalism, Oil-rich Mexico Welcomes Foreign Capital the Mexican Congress has finally approved an energy reform of historic proportions that opens Mexico's oil sector to
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Safety Initiatives in the Upstream Oil & Gas Industry
Safety Initiatives in the Upstream Oil & Gas Industry. The Bureau of Labor Statistics reported there were 112 fatal injuries in the U.S. oil and gas industry in 2011 and, during the five-year
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SAP Technology at Grupo R | Mexico's Oil & Gas Industry
Mexico’s oil and gas market has been in transition since before COVID-19 impacted oil prices and pushed oil-rich nations to reduce output. Faced with flagging oil production, the government opened the industry to foreign investment in 2014 and allowed private Mexican petroleum companies to manage oil field operations.
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Here’s OPEC+’s plan to save the oil market - MarketWatch
Trump has expressed worries that the drop in demand for oil, which has pulled U.S. benchmark prices down by nearly 63% year to date, will lead to further woes for U.S. oil companies, some of which
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Nigeria's Finance Act 2024 Tax Amendments - Should The Oil
The avowed intention to enact tax legislative amendments to keep pace with business realities brings to mind the long delayed Petroleum Industry Bill. The deleterious effects of the uncertainty that has hampered investments in Nigeria's oil and gas sector as a result of non-passage of the PIB has been well documented elsewhere.
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Angola's oil industry close to tipping point | S&P Global
The new government led by President Joao Lourenco will have to take some bold and gutsy steps to reform its oil industry, on which it so heavily depends. Angola's oil production has been on the wane in the past few years, with a plethora of fields that are mature and in decline and a lack of new upstream investments and incentives.
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Eni reports huge oil, gas find in Nigeria - Al Arabiya English
Eni which has been operating in Nigeria since 1962, currently produces 100,000 barrels per day of crude oil. Nigeria is Africa’s oil largest producer, accounting for a daily output of two
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Top oil producers except Mexico agree to output cuts: OPEC
Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said Friday, after marathon talks to counter a collapse in prices. The videoconference
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Tell Justin Trudeau to Invest in People, Not Big Oil - 350
This week, the federal government is set to announce a multibillion-dollar bailout of the oil and gas sector. We have a choice to make. We can respond to the COVID-19 crisis and oil price collapse by bailing out the industry fuelling the climate crisis, or we can seize this unprecedented moment to build an economy that puts workers and communities first. The past few weeks have exposed the
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Malaysia Oil & Gas Report
The outlook for Malaysia’s upstream sector remains divergent, with crude oil production set to decline over the next decade, while that for gas is expected to see a robust uptrend, supported by a strong offshore projects pipeline. Output from these projects will be diverted to be exported as LNG to regional markets, further solidifying Malaysia’s status as one of the world’s largest
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