Chevron Corporation announced that it started water injection operations at two projects at its Jack/St. Malo and Tahiti facilities in the deep water U.S. Gulf of Mexico, to boost oil and natural gas recovery.
Shell revealed that it has started production at PowerNap, a subsea development in the US Gulf of Mexico, which is a tie-back to the Olympus production hub in the Mars Corridor.
Lukoil company announced a new discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico.
The Mexican government plans to establish a new business within the state oil company Petroleos Mexicanos (Pemex) for the distribution of liquefied petroleum gas (LPG) directly to consumers, Mexico’s President And ...
LUKOIL company announced that it enters into an agreement to acquire operation stake of 50% in the Area 4 project in Mexico by acquiring the operator’s holding company for $435 million.
BP announced that it has successfully started the Manuel project in the US Gulf of Mexico.
Pemex CEO, Octavio Romero Oropeza, announced that the company has discover a new field in Tabasco which is expected to produce around one billion barrels of oil helping to compensate the production slump.
The Mexican government has issued new regulations limiting private firms to import fuel.
Mexican state-run oil company Pemex expects to steadily increase liquids production over the next few years to reach 2.296 million barrels per day (bbl/d) by the end of 2024.
Mexico’s oil output hit a record low in July at 1.605 million barrels per day (mmbbl/d), with both national oil company Pemex and private oil producer’s production down on June’s figures.
