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Tuesday, January 13, 2026

November 3, 2017

Pemex makes Mexico’s biggest onshore oil find in 15 years: president

November 3, 2017

From Reuters Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday. Tanker trucks of state-owned company Petroleos Mexicanos (PEMEX) are seen in Ciudad Juarez, Mexico October 4, 2017. REUTERS/Jose Luis Gonzalez Pena Nieto said Pemex made the discovery

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Oil Prices Hit Two-Year Highs

November 3, 2017

[contextly_sidebar id=”O3KDTSDblLFJHYpOaakj7AzEDPzlXwZH”]Oil prices surged today, as bullish news rolled in from multiple sources around the world. WTI closed the day at $55.64/bbl, rising by $1.10/bbl or 2% in the day. This is the highest WTI has closed at since July 2015, marking it a major milestone. Brent rose even more, adding 2.4% to close the day at $62.07/bbl. Like WTI,

EOG Resources Adds Two New Premium Plays

November 3, 2017

800 locations and 750 MMBOE of resource potential EOG Resources (ticker: EOG) reported third quarter results today, showing net income of $100.5 million, or $0.35 per share. EOG’s main focus in recent quarters is its “premium” locations, defined as locations with locations with at least a 30% after tax ROR at $40 oil. The company is shifting to developing these

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela Will Seek to Restructure Debt, Blaming Sanctions

November 3, 2017

From Bloomberg President Nicolas Maduro said Venezuela will seek to restructure its global debt after the state oil company makes one more payment, blaming U.S. sanctions for making it impossible to find new financing. The government will transfer funds for a $1.1 billion principal payment on Petroleos de Venezuela bonds that came due Thursday, Maduro said from Caracas. From there

Marathon Oil Corporation (MRO) Increases Q3 Production

November 3, 2017

All four basins are competing very strongly. That’s a great problem to have – Tillman Q3 highlights Total production excluding Libya averaged 371,000 net BOEPD, up 6% sequentially and above top end of guidance; 23,000 net BOEPD from Libya U.S. resource play production increased 12% sequentially, averaging 227,000 net BOEPD; oil up 14% sequentially Eagle Ford production of 101,000 net

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