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By Fernando Mares - Fri, 08/14/2026 - 13:27
Venezuela awarded a Phase II license for the offshore Loran gas field to a consortium of BP, XRG, and UCC to develop 4Tcf of gas.
https://mexicobusiness.news/tag/uae
More Oil & Gas
By MBN Staff - Tue, 07/07/2026 - 09:26
OPEC+ has agreed to a further increase in output targets from August, adding to global supply at a time when oil prices are falling.
By Perla Velasco - Thu, 06/11/2026 - 15:25
Seven core OPEC+ nations have approved a 188Mb/d production quota increase for July 2026, marking their fourth consecutive monthly increase.
By Fernando Mares - Thu, 06/11/2026 - 10:13
DP World obtained IATA certification in Mexico City, expanding its air freight services to support nearshoring and regional trade.
By Paloma Duran - Tue, 04/28/2026 - 16:50
The World Bank warns energy costs could rise 24%, fertilizer 31%, and nickel just hit its highest since June 2024.
By Perla Velasco - Wed, 03/11/2026 - 14:05
The closure of the Strait of Hormuz following the US-Israel military campaign against Iran has removed approximately 20MMb/d from global oil supply.
By Paloma Duran - Wed, 01/14/2026 - 08:25
The United States will impose a 25% tariff on countries trading with Iran amid protests and unrest.
By MBN Staff - Thu, 11/13/2025 - 19:37
SADER and the Khalifa International Award announced the fourth International Date Palm Festival.
By MBN Staff - Tue, 11/04/2025 - 12:44
Eight OPEC+ countries will reduce oil production by 137Mb/d in December, maintaining supply discipline amid steady market and economic conditions.
By Fernando Mares - Tue, 10/28/2025 - 12:00
Nuevo Leon leads Mexico in attracting nearshoring FDI, totaling US$110 billion, and is investing to maintain this position, says the local government.
By MBN Staff - Tue, 08/05/2025 - 12:47
The decision follows a virtual meeting held on Aug. 3, 2025, to review global market conditions.
