Category: Oil and Gas Industry
Mexico Oil and Gas Industry
Mexico Oil and Gas Industry has witnessed a mixed result ever since post-nationalization. Mexico is sixth biggest producer of oil in world having seventh largest natural gas reserve in western hemisphere. Petróleos Mexicanos (PEMEX), Mexico’s state-owned petroleum company, which is a major force of oil and gas industry of Mexico, intends to pull in more bids from drilling contractors for 500 new development wells on Chicontepec field. Higher output from Chicontepec field is expected to compensate falling production from other fields of oil and gas industry at Mexico.
US Oil and Gas Industry
As per latest information on US oil and gas industry, Total, which is a major oil and gas company of France, has announced on 14th January 2009 in a company statement that it would purchase 50 percent in American Shale Oil. American Shale Oil is a sister concern of IDT, which is a diversified telecommunications services provider based in New Jersey.
UK Oil and Gas Industry
As of January 2009 new technologies are being implemented in UK oil and gas industry. These methods are being used in order to bring down expenses involved in discovering and producing oil and gas resources in UK. These new developments in oil and gas industry in UK are also being brought about in order to increase productivity and longevity of fields.
Experts from UK oil and gas industry have predicted a bright future in years to come. They believe that in coming 25 years it would be able to make 240 new developments and 130 new discoveries.
