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News

News

What Does OPEC’s Freeze Talk Really Mean?

Heading into the home stretch before a highly anticipated OPEC meeting in Algiers next week, crude industry experts and non-OPEC members alike are opining on what may happen to crude production. Dave Pursell, managing director and head of macro…
27 September, 2016
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Stacked Oil and Gas Make Permian Deals Costly in Spite of Rout

Oil prices are depressed, but Texas shale has never been more valuable. A recent spate of land deals in the sprawling Permian Basin illustrates a counter-intuitive trend: Real estate in the country’s most active oil field is even more expensive…
19 September, 2016
https://v2.nrgibroker.com/wp-content/uploads/2016/09/20-Septiembre-shutterstock_3907608581-e1474343736541.jpg 267 400 admin https://v2.nrgibroker.com/wp-content/uploads/2015/10/logo-construction.png admin2016-09-19 22:57:532016-09-19 22:57:53Stacked Oil and Gas Make Permian Deals Costly in Spite of Rout
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RGU Secures Funding to Help Develop Oil, Gas Workforce in Mexico

Robert Gordon University (RGU) in Aberdeen has been awarded funding to create a skills development framework for the oil and gas sector in Mexico.  The framework will provide recommendations on how to address the potential skills gap in the…
19 September, 2016
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News

Oil Bears Dominate Market as Doubt Grows Over Output Limits

The longer OPEC and other producers talk about a ceiling on crude output, the more doubts grow in the market.   Money managers increased wagers on falling prices by the most in three months as a meeting between Russia and Saudi Arabia ended…
12 September, 2016
https://v2.nrgibroker.com/wp-content/uploads/2016/09/shutterstock_3529736211-e1473728011734.jpg 267 400 admin https://v2.nrgibroker.com/wp-content/uploads/2015/10/logo-construction.png admin2016-09-12 19:54:002016-09-12 19:54:00Oil Bears Dominate Market as Doubt Grows Over Output Limits
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Mexico 2017 Budget Cuts To Squeeze Pemex, Primary Surplus Eyed

Mexico's government on Thursday set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a 100 billion peso ($5.36 billion) reduction in funding. New Finance Minister…
12 September, 2016
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News

Pemex Cancels West Pegasus Drilling Contract

Seadrill Limited has received a notice of termination from Pemex Exploracion y Servicios for the West Pegasus (UDW semisub)  drilling contract, effective Aug. 16. Seadrill has disputed the grounds for termination and is reviewing its legal…
22 August, 2016
https://v2.nrgibroker.com/wp-content/uploads/2016/08/shutterstock_1601526051-e1471902585399.jpg 267 400 admin https://v2.nrgibroker.com/wp-content/uploads/2015/10/logo-construction.png admin2016-08-22 16:53:582016-08-22 17:15:34Pemex Cancels West Pegasus Drilling Contract
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‘Well-Timed’ OPEC Talk Forces Oil Bears Into Record Reversal

OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bear…
22 August, 2016
https://v2.nrgibroker.com/wp-content/uploads/2016/08/shutterstock_2714709291-e1471900183401.jpg 267 400 admin https://v2.nrgibroker.com/wp-content/uploads/2015/10/logo-construction.png admin2016-08-22 16:11:092016-08-22 17:16:32‘Well-Timed’ OPEC Talk Forces Oil Bears Into Record Reversal
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Mexico Said to Begin Quietly Hedging 2017 Oil Price in June

Mexico started quietly buying contracts to lock in 2017 oil prices when futures were near their peak in June, signaling the start of what has in prior years been the world’s largest sovereign petroleum hedge, according to people familiar…
15 August, 2016
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