Oil prices surged at the end of 2024, driven by a larger-than-expected reduction in US crude inventories. This decrease, coupled with increased refinery activity and holiday fuel demand, bolstered oil prices. PEMEX’s crude oil export revenue saw an 8.45% monthly increase in November, despite a drop in the Mexican mix price. From January to November, revenue hit US$19.136 billion. 🔗 Discover more insights and read the full article on Mexico Business News. #OilPrices #EnergyMarket #CrudeOil #USInventories #PEMEX #GlobalEconomy #EnergySector #MexicoBusinessNews #OilExports #RenewableEnergy https://lnkd.in/e6B8dMNM
Mexico Oil & Gas
Edición de libros, periódicos y revistas
Juárez, Federal District 21.802 seguidores
The most relevant industry information from Mexico Oil & Gas Review, Mexico Oil & Gas Summit, and Mexico Business News!
Sobre nosotros
President Andrés Manuel López Obrador has placed his bets firmly on the country's oil and gas industry, with the revitalization of PEMEX as his principal target. From the refinancing of the NOC's significant debt to the funding of a mega-refinery in Dos Bocas, the president is reviving the NOC to help it recover former glories. The heavy financial commitments to back the development of 23 new fields toward 2023 and further exploration to replenish falling 3P stocks into the long term has given shape to the administration's national economic strategy. Eyes are firmly fixed on PEMEX and its leading role in the 2.6MMb/d production target for 2024. Meanwhile, private operators have made headway in their commitments to contracts won in earlier rounds. Onshore private operators are already producing, while Eni became the first private operator to produce offshore in 2019. More companies will follow in 2020 and 2021. As the Mexican oil and gas industry changes, PEMEX, private operators, suppliers and service providers find themselves at a turning point, where success will depend on their ability to adapt to the workings and needs of an entirely new market, which is still being defined today. Mexico Oil & Gas Review provides readers with an in-depth understanding of the new industry settings, which are key to succeeding in the new environment and leveraging the multitude of emerging opportunities. The topics presented are those that will matter most to the key stakeholders driving the evolution of the industry, making Mexico Oil & Gas Review the ultimate industry reference.
- Sitio web
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https://mexicobusiness.news/oilandgas
Enlace externo para Mexico Oil & Gas
- Sector
- Edición de libros, periódicos y revistas
- Tamaño de la empresa
- De 2 a 10 empleados
- Sede
- Juárez, Federal District
- Tipo
- De financiación privada
- Fundación
- 2011
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Paseo de la Reforma 180
Juárez, Federal District 06600, MX
Empleados en Mexico Oil & Gas
Actualizaciones
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Sinopec's recent report projects significant shifts in global energy consumption, with oil demand peaking by 2030 and renewable energy dominating by 2060. 🔋 Looking Ahead: The sector faces a complex balance between fossil fuels and clean energy innovations. Read the full article on Mexico Business News. #GlobalEnergy #RenewableEnergy #Sinopec #OilDemand #EnergyTransition #Hydrogen #CCUS #EnergyStorage #FossilFuels #CleanEnergy #EnergyOutlook #MexicoBusinessNews https://lnkd.in/eT4zUz8y
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Oil production in Mexico’s top-producing state, Tabasco, has significantly dropped by 84Mb/d, from 511Mb/d in July 2023 to 410Mb/d in November 2024. The state of Tabasco’s oil production and PEMEX’s financial issues raise significant questions regarding Mexico’s energy future. 👉 Read the full article on Mexico Business News. #MexicoEnergy #OilProduction #Tabasco #PEMEX #CrudeOil #EnergyDecline #OilIndustry #EnergyTransition #PrivateSector #MexicoBusinessNews https://lnkd.in/e2ZZZtFk
Tabasco Oil Production Drops as PEMEX Faces Declines
mexicobusiness.news
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Subscribe to our newsletter and get the most up-to-date information of the Oil & Gas Industry with our Article of The Week! Sheinbaum has made clear her intentions to maintain López Obrador’s energy policy, advocating for the continued strengthening of PEMEX.
The Year in Oil and Gas: A New Administration
Mexico Oil & Gas en LinkedIn
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Despite significant investments, Mexico's ambitious goal of fuel self-sufficiency remains unmet. President Claudia Sheinbaum’s new strategy includes boosting gasoline, diesel, and jet fuel production by 34% to achieve self-sufficiency, maintaining profitability at all refineries, and optimizing operations at Deer Park. 🔗 Read the full article on Mexico Business News to understand the detailed insights and future projections for Mexico's refining sector. #Energy #MexicoEnergy #PEMEX #Refining #FuelSelfSufficiency #DosBocas #OlmecaRefinery #Sheinbaum #EnergyPolicy #FuelProduction #OilAndGas https://lnkd.in/eS_NsgDe
Fuel Self-Sufficiency Still a Goal for 2025
mexicobusiness.news
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In November, PEMEX's crude oil production faced its steepest annual decline in over five years, dropping by 10.2% to 1.407MMb/d. This marks 24 consecutive months of year-on-year decreases and highlights significant challenges for Mexico's state-owned oil company. 📢 Read the full analysis on @Mexico Business News and stay updated on the latest developments in Mexico's oil and gas sector. #PEMEX #OilProduction #EnergySector #MexicoBusinessNews #CrudeOil #NaturalGas #InvestmentInsights #EconomicUpdate https://lnkd.in/es7-XUqj
PEMEX Production Declines; Energy Partnerships Loom
mexicobusiness.news
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Subscribe to our newsletter and get the most up-to-date information of the Oil & Gas Industry with our Article of The Week! President Sheinbaum confirmed PEMEX will begin paying supplier debts between December 2024 and February 2025 to address business community concerns.
PEMEX to Start Paying Supplier Debts by December, Early 2025
Mexico Oil & Gas en LinkedIn
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In November, Mexico's oil production fell to 1.747MMb/d, an 8.5% decline from November 2023. PEMEX accounted for 94% of this production, with private operators contributing the remaining 6%. 📢 Read the full analysis on Mexico Business News and discover more insights into Mexico's oil and gas industry. #OilProduction #PEMEX #EnergySector #MexicoBusinessNews #CrudeOil #CondensateProduction #EnergySovereignty #InvestmentInsights #EconomicUpdate https://lnkd.in/ediU_pmq
Oil Production Drops in November
mexicobusiness.news
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The 2024 Atlantic hurricane season saw an above-average number of storms, resulting in a 16% drop in Gulf of Mexico crude oil production. The storms forced temporary shutdowns of oil and gas operations, with significant impacts on supply chains and infrastructure in the region. More details on @Mexico Business News #MexicoOilAndGas #OilProduction #GulfOfMexico https://lnkd.in/eNrw5rqU
Hurricane Season Causes 16% Drop in Gulf of Mexico Oil Production
mexicobusiness.news
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President Claudia Sheinbaum announced that PEMEX will settle its supplier debts between December 2024 and early 2025, following concerns raised by the business community, particularly SMEs. More details on @Mexico Business News. #MexicoOilAndGas #PEMEX #MBNFM https://lnkd.in/eaFvg2kC
PEMEX to Start Paying Supplier Debts by December, Early 2025
mexicobusiness.news