Tag Archives: Mexico

Lukoil PJSC’s trading unit Litasco SA is launching a Mexico operation as the oil giant seeks new markets for Russian products under widespread sanction. Litasco hired oil products trader Yuri Carreno for its new office in Mexico City, according to people with knowledge of the situation. Carreno, who previously spent …

Italian oil and gas major Eni SpA on Friday said it had discovered oil in the Sureste Basin offshore Mexico in a prospect that could contain around 200 million barrels of oil in place. The discovery was made on the Yatzil exploration prospect in Block 7, which is located in …

Shell Offshore Inc, a subsidiary of the UK-headquartered energy giant Shell, has taken a final investment decision (FID) for a deepwater project in the U.S. Gulf of Mexico (GOM), which will be developed as a subsea tie-back to the oil major’s operated Appomattox production hub. While announcing the FID for …

Oil supermajors Chevron and BP have evacuated personnel and shut in production at some of their platforms in the Gulf of Mexico as Hurricane Ian advances to the west coast of Florida, in the first shut-in of U.S. offshore oil and gas output this hurricane season. U.S. supermajor Chevron said …

Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the …

Close to a record number of liquefied natural gas tankers are crowding Gulf Coast export terminals as U.S. exports of the superchilled fuels run at record rates. Reuters reported that Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand, especially from Europe, which is currently trying to …

Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …

Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal, Trend reports citing Reuters. The finance ministry has asked banks for price …

The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe.

The news just gets worse for some emerging markets, with the collapse in oil prices adding further pressure to currencies and the fiscal situation of countries like Mexico, Brazil, and Russia. Of the commodity-producing emerging market countries, the one that is worrying analysts the most is Mexico. Emerging markets outside …