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Transparency is Key to Improving the Outlook for Mexico’s Deepwater Block Auction, says GlobalData Analyst
As Mexico’s first offshore bidding round for already discovered fields saw bids significantly higher than the minimum set up by the government, adding further transparency to the process would be positive for the round as it approaches its…

US Shale Firms Snap Up $50 Oil Hedges, Risking Rally Reversal
Welcome to the oil market’s new vicious cycle.
This past week, as oil prices barrelled over 9 percent higher to break out of a weeks-long trading range, U.S. shale producers jumped at the chance to lock in $50-plus crude for the first time…

Russia, Saudi Energy Ministers Discussed Oil Demand, Production, Shale
Russia and Saudi Arabia discussed the situation on the oil market last week and agreed to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak told reporters on Tuesday.
Even…

Is China Really Collapsing?
A widely held Western view of China is that its stunning economic success contains the seeds of imminent collapse. This is a kind of anchoring bias, which colors academic and think-tank views of the country, as well as stories in the media.…

Mexico’s Round One, phase two ends
Several international companies bid for in Mexico’s Round One, phase two today (30 September), with three successful bids in the shallow water areas of the Southeast basin, offshore Mexico.
Although similar to Round One phase…

New Insurance Regulations for Oil Companies
The cost of operating safely will be assumed by the oil companies working in Mexico.
Contracts that are signed for the second and third calls, require the acquisition of policies to ensure that activities in the petroleum industry are covered.
In…

Mexico to postpone deep water auction, adjust next oil tender terms
Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil…
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