In response to Fitch Group’s & Moody’s downgrade of Pemex’s credit rating to one notch above junk, Mexico’s government recently pledged a $3.9-billion capital injection and $200 million in tax relief, according to international media reports. This bailout package and the six-year business plan aims to help reverse Pemex’s credit […]
The rise in offshore oil and gas production expected in 2019 and beyond is due in part to the coming onstream of new fields aided by technological advances, which have dramatically cut E&P costs.
One thing is clear, the actions of OPEC and friends to cut back output this year could be good news for U.S. shale frackers as crude prices rise, trade tensions ease and world demand for crude holds up—but it could be disappointing for President Trump.
Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on the $56 prevailing at the same time last year and a four-year high. Also, the collapse in oil prices in 2014 […]
TransCanada is a major North American energy-transportation and energy-generation company. Headquartered in Calgary Alberta, it has an American subsidiary in Houston, Texas, and a subsidiary in Santiago de Querétaro, Mexico. Figure 1 TransCanada is the continent’s fourth-largest pipeline operator, after Kinder Morgan, Energy Transfer and DCP Midstream. Founded to develop […]