Pemex signs agreement with Braskem

Wednesday, November 11th, 2009

Mexican state oil company Pemex has signed an agreement with a consortium led by Brazil's Braskem to supply raw materials for a proposed petrochemicals plant in Mexico. According to the agreement, ...


Who is most responsible for world oil production, governments or private investors

Tuesday, November 3rd, 2009

Although investor-owned oil companies are often thought of as those most responsible for world oil production, government-controlled companies actually control the majority of both current production (more than 52% in ...


CGGVeritas Announces Largest Marine Seismic Contract

Thursday, September 10th, 2009

CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has been awarded a contract by Pemex to acquire and process 75,000 km2 of 3D seismic data offshore Gulf of ...


Crude oil for August 2009 delivery up $0.50, or 0.8%, to $60.19 a barrel ;London Brent up $0.62, or 1%, to $61.31 ; EU member states and Turkey have signed a transit agreement

Tuesday, July 14th, 2009

 Pemex (Petroleos Mexicanos) will invite contractors to take part in bidding for the Coridon natural gas project Burgos region in northern Mexico. The company said that it could take four months ...


Sercel Announces a Major Award for its Unite Cable-free Acquisition System in Mexico

Thursday, June 25th, 2009

CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that its subsidiary Sercel has been awarded a contract by Compania Mexicana de Exploraciones S.A de C.V. (Comesa) for the purchase of ...


Are Latin American Locally-Owned Oil Service Companies Being Overlooked?

Wednesday, June 24th, 2009

WASHINGTON, DC--(June 23, 2009) While much attention has been focused on the revival of the National Oil Companies (NOCs) in Latin America over the last few years, less attention has ...