The outlook for oil and gas exploration and production (E&P) in Latin America is improving as demand and prices strengthen, according to the first quarter earnings reports by the top three oilfield services (OFS) titans.
Schlumberger Ltd, Halliburton Co.
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.
Prud’homme was central to the development of
Latin America’s national oil companies (NOCs) must perform a difficult balancing act as they seek to bounce back from the pandemic and shore up profits and reserves, a panel of experts said during a virtual event Tuesday.
Oil “is at
Mexico’s natural gas market is importing more U.S. supply as the country’s economy and its weather heat up for summer and peak demand.
A single day U.S.-to-Mexico record was broken on April 14 when exports reached 7.1 Bcf/d, prompting analysts
Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging.
April is usually a month of lower energy
Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.
These factors have led
Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April.
Near-record liquefied natural gas (LNG) levels continued to provide price support as well.
Mexico’s antitrust watchdogComisión Federal de Competencia Económica (Cofece) has sent a letter to Mexico’s Congress decrying proposed changes to the nation’s Ley de Hidrocarburos, or Hydrocarbons Law.
“We recommend the reform to the Hydrocarbons Law isn’t approved,” President Jana Palacios