Mexico has seen Its Crude at $53 per barrel in 2010
Mexico expects its basket of crude oil exports, a key source of government revenue, to fetch around $53 per barrel in 2010. For full story, click here
Articles Tagged "mexico"
Non-OPEC supply has suffered biggest dip in 16 years
BP PLC declared oil output in non-OPEC nations like Mexico suffered its biggest dip in 16 years in 2008 despite those countries spending huge sums of money in recent years to fatten up their pumping capacity. For full story, click here
Mexico forecasts Crude Output recovering by 2011
Energy Minister Georgina Kessel declared that Mexico’s faltering crude oil output should begin to recover next year or in 2011. For full story, click here
Chevron commenced pumping from $4.7B Tahiti platform
Chevron Corp. declared its $4.7 billion Tahiti field in the Gulf of Mexico began pumping crude Tuesday, almost two years after faulty parts delayed construction. For full story, click here
Pemex to produce 2.75 Mb/d of crude in 2009
Mexico’s state oil company Pemex plans to turn out 2.75Mb/d of crude in 2009, down from the 2.79Mb/d average recorded in 2008. Pemex E&P subsidiary PEP’s deputy director of planning and evaluation Vinicio Suro, stated: Continuing with our exploration goals, we hope to have discoveries that exceed 2Mboe. For full story, click here
Declining crude prices could reduce deep-water drilling
So far unscathed by falling oil prices, costly deep-water drilling projects in the Gulf of Mexico could soon become less attractive if crude prices continue declining. For full story, click here
Oil jumps as Gustav Threatens Gulf of Mexico Platforms
Crude oil headed for its biggest weekly gain in almost two months as producers evacuated rigs before the arrival of Gustav. Addison Armstrong, director of market research at TFS Energy LLC, said: Prices are higher on the prospect that Hurricane Gustav will strike the heart of the oil and natural gas production region in the [...]
Oil jumps as Storm Nears Gulf of Mexico
Crude oil rose for the first time in three days as a storm moved towards Gulf of Mexica, prompting evacuations from rigs and platforms in the Gulf of Mexico. A senior broker at Bache Commodities Ltd. in London said: After oil plumbed new lows at the end of last week, Storm Fay caused a recovery in prices. For [...]
Oil output recovers in US Gulf after storm
Crude oil production from the Gulf of Mexico was nearly fully recovered on Thursday from minor disruptions caused by the recent Tropical Storm Edouard. For full story, click here
Crude oil prices fell on demand concerns
Crude oil prices plummeted as demand worries boosted, and a tropical storm looked set to miss energy installations in the Gulf of Mexico. For more news, click here
