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Refinery Explosion; Oil Production Surges: The Week in Oil & Gas
By Anmol Motwani - Wed, 05/31/2023 - 10:21
PEMEX reported an explosion at one of its refineries and the increase of domestic oil production.
https://mexicobusiness.news/tag/oil-production
More Oil & Gas
Asia Reshapes the Oil Industry
By Perla Velasco - Thu, 05/25/2023 - 16:51
Russian oil exports to China and India surge. Similarly, Russia, Iran and Venezuela boost exports, reshaping the global energy landscape.
PEMEX Sets Upstream Capex Budget Increase for 2023
By Karin Dilge - Wed, 05/24/2023 - 06:03
PEMEX boosts upstream investments, targeting natural gas and oil production growth in 2023.
Private Companies Report Low Oil Production
By Anmol Motwani - Tue, 05/02/2023 - 11:55
There has been a downward momentum in the production of oil by private companies in Mexico.
OPEC Exceeds Production Cut Target
By Perla Velasco - Tue, 04/18/2023 - 17:05
Despite announcing a production cut of 1.27MMb/d for March, the actual reduction was 2.32MMb/d, a 182% decrease.
Oil Price Uncertainty Prevails
By Perla Velasco - Thu, 04/13/2023 - 08:55
While OPEC production cuts cause uncertainty, Mexico reports on the developments of its refining strategy.
OPEC Production Cut Presents a Complex Scenario for Latin America
By Perla Velasco - Tue, 04/11/2023 - 13:26
The latest production cut announced by OPEC will be effective in May but its effects could be felt until the 2H23.
Rystad Energy Contradicts PGPE Oil Production Estimates
By Anmol Motwani - Mon, 04/10/2023 - 16:13
SHCP estimates a production of 1.914MMb/d in 2024. However, Rystad Energy disagrees.
OPEC Cuts Oil Production
By Perla Velasco - Mon, 04/03/2023 - 16:48
OPEC, led by Saudi Arabia, announced a 500MB/d cut starting May 2023, raising inflation concerns and increasing tension with the US.
ENI Maintains Hot Streak
By Perla Velasco - Mon, 03/27/2023 - 15:44
ENI was the private oil company with the highest production level in Mexico. The IOC also launched a credit program for ESG.