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(Reuters) - Mexico's economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting Latin America's second-largest economy in a technical recession. Gross domestic product (GDP) shrank in the fourth quarter by 0.1% from the previous three-month period in seasonally adjusted terms, preliminary data... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
(Reuters) - A debt refinancing operation for Mexican national oil company Pemex that swapped the highly-indebted firm's short-term bonds for a new 10-year bond has been completed, the finance ministry announced on Sunday. In a statement, the ministry said the near-term debt management scheme lowers Pemex's overall debt load by $3.2 billion, while reducing "financial... Continue Reading →
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday. Emilio Lozoya is accused of having requested money from scandal-plagued Brazilian construction conglomerate Odebrecht to partially finance... Continue Reading →
(Reuters) - Mexico's Petroleos Mexicanos (Pemex) said on Tuesday it would drastically reduce planned crude exports next year as the state oil company works to meet the government's target of refining all of its oil domestically. Pemex Chief Executive Officer Octavio Romero projected that its crude exportswould fall to 435,000 barrels per day (bpd) in... Continue Reading →
Rio de Janeiro, December 23, 2020 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/19/2021, informs that it signed today with Carmo Energy S.A. a contract for the sale of all its stakes in a set of 11 concessions of onshore production fields, with integrated facilities, located in the state... Continue Reading →
(Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas oil refinery in a transaction that should conclude early next year, Mexico's government said Wednesday. Mexican President Andres Manuel Lopez Obrador told a regular news conference that the U.S. government had on Tuesday approved... Continue Reading →
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent... Continue Reading →
(Reuters) - A sale of Royal Dutch Shell's (RDSa.L) controlling interest in a Texas refinery to Mexican state oil company Petroleos Mexicanos has been delayed until next year, two people familiar with the matter said on Thursday. A review of the deal by U.S. Committee on Foreign Investment in the United States had been expected to wrap... Continue Reading →
(OE) Swarm behavior of underwater vehicles has long been on the wish list. Couple that with collecting seismic data and you have an interesting challenge. The seismic industry has a track record for innovation – Blue Ocean Seismic Services is taking on the latest challenge. Seismic data acquisition isn’t perhaps at the top of... Continue Reading →
Brazil Energy Insight 