Shell company to open its first gas station this year in Mexico

By Roberto Noguez Noguez

Mexico, May 18 (Notimex) .

“The Anglo-Dutch Shell will open its first service stations in Mexico this year with the goal of being one of the three most important players in the sector, and not rule out in the future participation in development Of infrastructure.”

“Downstream director of the company, Andrés Cavallari, said in an interview with Notimex that the country was always in its aspiration, but there was an inability to operate, but almost a year and a half ago they started working on it.”

“”Mexico is a very important market in the gasoline business, it is the fifth largest consumer in the world and it is a market that grows year after year and it will continue in the coming decades,” he said.”

“According to the manager, they expect to open stations this year, in the downtown area, with the aim of having a relevant presence in the Mexican market under the scheme of own stations and franchises.”

“He stressed that they are a company that “is always on the podium”, so they will seek to be a relevant player with a long-term view, to be the “top three” among players, as in other parts of the world.”

“Regarding the origin of the molecule that they will sell in their stations, he explained that in the beginning they will buy it from Pemex and add an additive to offer their product V-Power.”

“”In the short term, the plan is to buy fuel in the local market and add additives, since the gasolines of the country are very good, because the Mexican Standard is very strict,” said Cavallari.”

“The manager of Shell Mexico commented that they will participate in the open seasons to have capacity of transport in the infrastructure.”

“”In the medium term, when we have access to part of the existing infrastructure in the open seasons or in the future we will participate in infrastructure development, which is what the country needs at this moment, we will be able to bring our own molecule,” he stressed.”

“He added that one of their offers is to provide the best experience, with the best quality gasoline and point of sale service, fast transactions, and consumer loyalty programs.”

NTX/RNN/NMR/DVMC
FROM: http://www.notimex.gob.mx/ntxnotaLibre/353544

Iran’s Oil Minister to Join OPEC Talks on Market in Algeria

Iran’s Oil Minister Bijan Namdar Zanganeh will join an informal meeting of OPEC members next month in Algiers, a state news service reported, ending uncertainty about whether OPEC’s third-biggest producer would participate.

Producers from the Organization of Petroleum Exporting Countries will meet on the sidelines of an energy policy group in the Algerian capital next month to consider conditions in the oil market, OPEC’s president, Qatar’s minister Mohammed Al Sada, said on Aug. 8. Saudi Arabia, the world’s largest exporter, is working “to restore balance between supply and demand to support oil prices,” and OPEC and non-members will discuss potential steps in Algiers to stabilize markets, Saudi Energy Minister Khalid Al-Falih said on Aug. 13.

“I will participate in this meeting,” Iran’s Zanganeh was cited as saying by the oil ministry’s news service Shana. Zanganeh had not previously committed to attending the meeting, and he didn’t comment on the position Iran will take at the talks. Zanganeh also said he will meet with OPEC Secretary General Mohammed Barkindo “in the near future.”

Price Gains

Crude oil has gained about 11 percent since OPEC said it would meet informally to discuss prices and supply, on speculation that the group could agree to freeze output levels. Benchmark Brent crude was trading near $49 a barrel on Thursday in London.

A meeting of OPEC and other producing countries in April ended without agreement in Doha when Saudi Arabia demanded that Iran be part of the any deal to limit output. Iran had ruled out a ceiling on its production until it recovered the output levels it had before the U.S. and European Union tightened international sanctions on its oil industry in 2012.

Iran’s production has risen to 3.85 million barrels a day since sanctions were eased in January, Zanganeh said this month, still less than its target for the end of this year of 4 million barrels a day. OPEC as a whole has boosted output to record levels since adopting a Saudi-led decision in 2014 to protect the group’s global market share by forcing out higher-cost producers.

The International Energy Forum, comprising 73 countries that account for about 90 percent of the global supply and demand for oil and natural gas, will meet in Algiers on Sept. 26-28.

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Copyright: Rig Zone

Mexico Energy Regulator Names Firms Qualified For Deepwater Tender

Mexico’s energy regulator said on Wednesday that 26 companies had qualified to participate in the country’s deep-water oil tender in December, the jewel in the crown of a landmark energy sector opening.

Of the 26 companies that have qualified for the so-called Round 1.4 tender, 16 are operators, including state-owned oil giant Pemex, and 10 are financial partners, the National Hydrocarbons Commission (CNH) said on Twitter.

Any consortia that form will be revealed on Nov. 28, the CNH said.

Below is the list of companies that have qualified:

  • Atlantic Rim Mexico, S. de R.L. de C.V.

  • BHP Billiton Petroleo Operaciones de Mexico, S. de R.L. de C.V.

  • BP Exploration Mexico, S.A. de C.V.

  • Chevron Energia de Mexico S. de R.L. de C.V.

  • China Offshore Oil Corporation E&P Mexico, S.A.P.I. de C.V.

  • Eni Mexico, S. de R.L. de C.V.

  • ExxonMobil Exploracion y Produccion México S. de R.L. de C.V.

  • Galp Energia E&P BBV.

  • Hess Mexico Oil and Gas, S. de R.L. de C.V.

  • Inpex Corporation

  • Lukoil International Upstream Holding B.V.

  • Mitsubishi Corporation

  • Mitsui & Co. Ltd

  • Murphy Sur S. de R.L. de C.V.

  • NBL Mexico, INC

  • ONGC Videsh Limited

  • PC Carigali Mexico Operations, S.A. de C.V.

  • Petro-Canada (International) Holdings B.V.

  • Petroleo Brasileiro Mexico, S. de R.L. de C.V.

  • Petroleos Mexicanos

  • Repsol Exploracion Mexico, S.A. de C.V.

  • Ophir Mexico Holdings Limited

  • Shell Exploracion y Extraccion de Mexico, S.A. de C.V.

  • Sierra O&G Exploracion y Produccion, S. de R.L. de C.V.

  • Statoil E&P Mexico, S.A. de C.V.

  • Total E&P Mexico, S.A. de C.V.

Copyright: Rig Zone

Oil Trades Near $45 as Canada Wildfires Temper Global Surplus

Crude traded near $45 a barrel as Canadian wildfires knocked out about 1 million barrels a day of production, outweighing the new Saudi Arabian oil minister’s pledge to maintain the country’s policy of near-record output.

Futures were little changed after increasing as much as 2.9 percent in New York and 2.5 percent in London. The blaze has led to cuts equivalent to about 40 percent of Canada’s oil-sands production, based on IHS Energy estimates. Ali al-Naimi will be succeeded by Saudi Arabian Oil Co. Chairman Khalid Al-Falih, an ally of Prince Mohammed bin Salman, who has backed the nation’s policy of prioritizing market share over prices and insisted any output freeze must involve Iran.

Oil has rebounded after slumping to the lowest level since 2003 earlier this year amid signs the global oversupply will ease as U.S. output declines. While American production has dropped, the Organization of Petroleum Exporting Countries has boosted supply to more than 33 million barrels a day, underpinned by gains from Iran and Iraq.

“As the dust settles I think we will find it’s business as usual in Saudi Arabia, as Al-Falih is not going to step away from the mantra of market share over price,” said Ole Sloth Hansen, head of commodity strategy at Saxo Bank A/S in Copenhagen. “Canada has obviously overshadowed this event in the short term, considering the amount of oil being forced to stay below ground.”

West Texas Intermediate for June delivery gained as much as $1.28 to $45.94 a barrel on the New York Mercantile Exchange and was at $44.73 at 1:42 p.m. London time. The contract advanced 34 cents to close at $44.66 on Friday. Total volume traded was 77 percent above the 100-day average.

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Font: Bloomberg

OTC 2016: Mexico Seeks to Enhance Energy Sector Accountability

Mexico has submitted a formal request to join the International Energy Agency and is preparing to join the Extractive Industries Transparency Initiative (EITI) in 2018 to enhance its energy sector’s transparency and accountability, a Mexican official told attendees at the Offshore Technology Conference Tuesday in Houston.

Lourdes Melgar, Mexico’s deputy secretary of energy, said the decisions to join IEA and EITI are intended to ensure the transparency and accountability of Mexico’s energy sector.

EITI is a global standard to promote open and accountable management of natural resources. According to EITI’s website, countries that implement the EITI disclose information on tax payments, licenses, contracts, production and other key elements around resource extraction. To date, 30 contracts have been awarded through the three exploration and production bidding rounds held so far. The fourth bidding round, which will offer deepwater acreage, will take place on Dec. 5 of this year. Melgar said that an updated version of the contract for deepwater bidding will be released on May 15.

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