mexico | Egypt Oil & Gas - Part 5
New Oil Fields Discovered in Gulf of Mexico
Mexico’s state-run oil and gas company Pemex has announced the discovery of new shallow water oil fields in four locations in the Gulf of Mexico. The oil fields are located near the Cantarell oil field and Pemex...
Mexico Reducing Number of Blocks Available for Tender Due to Oil Prices
Mexico’s government is preparing to downsize tenders of shale oil and gas blocks to oil companies, as low oil prices have reduced the profitability of the difficult-to-reach hydrocarbons, according to senior Mexican o...
Kinder Morgan Considers Expansion into Downstream Mexico
Kinder Morgan Inc’s CEO Richard Kinder revealed on Thursday that the Texas-based company is considering infrastructural expansion in Mexico, where it already operates a natural gas pipeline currently. Speaking at the ...
Mexican Energy Sector Opens up for Geology Data Firms
The opening of Mexico’s energy sector to private and foreign companies is drawing dozens of geological-data firms that plan to crisscross the Gulf of Mexico and onshore areas in search petroleum riches that went undis...
PEMEX Resumes Repairs to Rig Damaged by Fire, Search Continues for Missing Workers
Four days after a deadly fire damaged a Gulf of Mexico oil-drilling platform, Mexican officials on Sunday said the search continues for three missing workers while the repairs have begun to resume production at the fa...
Foreign Oil Companies Weighing Up Post-Sanction Iran Prospects
Outside the boardroom of BP Plc’s headquarters on London’s swanky St. James’s Square, a display case houses the geological data from Masjid-i-Solaiman, Iran’s first oil well. The discovery of crude in 1908 laid the fo...
ExxonMobil Plans 16 New Oil, Gas Projects
Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerso...
Fuel Theft Causes Pemex to Rethink Pipeline Usage
Mexico’s state oil company says it will no longer use pipelines to ship finished, usable gasoline or diesel amid a wave of fuel theft. Petroleos Mexicanos, or Pemex, believes that last year it lost more than a ...
