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Acceptance of surety bonds in contracts of Third Call for Round 1
In order to make contracts more attractive for bidding on the third call for Round 1, last november 11, the press release No. 129 was issued by the Ministry of Energy (SENER), Secretariat Finance and Public Credit (SHCP) and the National Hydrocarbons…
News

Mammoth Texas oil discovery biggest ever in USA
Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey.
The Midland Basin of the Wolfcamp Shale area in the Permian Basin is now estimated to have 20…

Oil stays low ahead of Opec meet
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that Opec will reach a deal to cut output.
Donald Trump's surprise win in last week's US presidential election…

Pemex lays out the map for the road ahead
Mexico’s state oil company Pemex has laid out the broad strokes of a new strategy that could dramatically expand its use of partnerships in the Mexican exploration and production sector over the next five years.
The plans open up the possibility…

Oil Trades Near $44 as U.S. Election Sends Stocks, Dollar Higher
Oil traded near $44 a barrel in New York amid a broader market rally driven by speculation Hillary Clinton’s chances of winning the U.S. election increased after the FBI said her handling of her e-mails wasn’t a crime.
Futures rose as…

Big Oil Pledges $1B For Gas Technologies To Fight Climate Change
Some of the world's biggest oil companies, including Saudi Aramco and Royal Dutch Shell, pledged on Friday to invest $1 billion to develop climate-friendly technologies as a global deal to wean the world off oil came into force.
The Oil and…

Asian Energy Stocks Fall as OPEC Split Hits Oil; Dollar Gains
Asian energy stocks fell with oil after the world’s biggest crude producers failed to agree on supply cuts, while rising metals prices in China spurred gains in mining shares. Gold was buoyed by haven demand following the reopening of an…

Oil Extends Decline as OPEC Splits Prevent Deal to Curb Supply
Oil declined for a second day as OPEC’s internal disagreements undermined efforts among major suppliers to reach an agreement in Vienna on trimming output to support prices.
Futures fell as much as 1.1 percent in New York after sliding…

Oil Investors Ease Back as Market Steadies Before OPEC Talks
Oil investors are playing it safe as OPEC hammers out the details of a deal to trim output.
Money managers reduced bets on falling prices to the lowest since May as oil held above $50 a barrel, prolonging a rally that began when the Organization…
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