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La administración de riesgos en el sector hidrocarburos: Almacenamiento y Transporte por ductos

26 June, 2018/Environment, Hydrocarbons Storage, Insurance, Mexico’s Energy Reform, Oil & Gas, Oil Operators, Our Core, Pipelines, Risk Management, Surety and Guarantees

Las terminales de almacenamiento y los ductos son la infraestructura estratégica para lograr el avance y consolidación de la Reforma Energética.

Se trata, por tanto, de un área de oportunidad que seguirá generando nuevas inversiones, pero que a su vez incrementará los desafíos para los inversionistas, así como a las autoridades, principalmente en lo relativo a:

1) Asegurar el suministro energético.

2) Incrementar la competitividad mediante enfoques de menor costo.

3) Proteger a las personas,  las instalaciones y el cuidado del medio ambiente.

Todo ello nos lleva a ser conscientes que en la medida que se incrementen las actividades de toda la cadena de valor de los hidrocarburos, también podemos vernos expuestos a mayores riesgos.

De ahí la importancia  que tiene que las empresas adopten el enfoque de la administración de riesgos en el desarrollo de sus proyectos, para evitar que se produzcan eventos súbitos e indeseados que puedan provocar daños y perjuicios a terceros en sus instalaciones, activos o al bien que nos pertenece a todos, me refiero al medio ambiente y en caso de que suceda el incidente o accidente, los responsables cuenten con las garantías financieras que les permitan tener los recursos necesarios para asumir las responsabilidades y reparar los daños, ese respaldo es posible a través de un  programa de seguros.

Todos estamos expuestos a sufrir un accidente, los riesgos son latentes en todas las actividades de la vida y especialmente en una industria calificada de alto riesgo, como es la de los hidrocarburos.

La diferencia está en la forma en que nos relacionamos con ellos. Si bien, las medidas de prevención y la utilización de los estándares y mejores prácticas internacionales de seguridad industrial y protección del medio ambiente pueden disminuir la frecuencia, son muchos los factores que inciden para que se presente un siniestro y algunos de ellos no se pueden prever, como es el caso de un desastre natural como son los huracanes o terremotos solo por citar algunos.

Con el adecuado programa integral de seguros, las empresas que realizan actividades con hidrocarburos y petrolíferos pueden contar con diversos beneficios:

  • Cumplen con sus responsabilidades legales en caso de causar daños o perjuicios a terceros que muchas veces llegan a ser mayores que el daño directo a los equipos o instalaciones.
  • 
    

    Disponen del respaldo económico que les da la solvencia de las instituciones de seguros, por los riesgos a los que está expuesta la organización o actividad que llevan a cabo, porque los seguros cubren la mayor parte de riesgos del sector hidrocarburos desde la etapa de la exploración, la extracción, la construcción y hasta la operación de las terminales de almacenamiento y los ductos.

  • Protegen el patrimonio del asegurado, ya que en caso de un siniestro, la aseguradora no solo responderá por los daños ocasionados, sino que hace posible que las empresas puedan volver a trabajar sin sufrir un quebranto.
  • Los seguros no inmovilizan capital, pues basta con el pago de la prima para obtener certeza de su vigencia y sus beneficios.

En síntesis los seguros son un aliado estratégico para la operación exitosa de su negocio, que en el mundo entero han probado su eficacia.

En NRGI Broker, somos expertos en seguros. Acércate a nosotros, con gusto te atenderemos.

 

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Enbridge (ENB) Commences Mex-Border Pipeline’s Offshore Work

19 June, 2018/Hydrocarbons Storage, Mexico’s Energy Reform, News, Pipelines

Zacks Equity Research / June 14

 

Enbridge Inc. (ENB – Free Report) recently started construction work on its Valley Crossing natural gas pipeline’s border crossing offshore part, per Reuters. The $1.6 billion pipeline that lies between Mexico and Texas is scheduled to come online in October.

The energy infrastructure company is currently working on a 305-meter part of the pipeline’s offshore section, while the rest 165-mile onshore and offshore section is ready for operation. The company has plans to start the pipeline’s commissioning process soon.

Significance of the Pipeline

The Valley Crossing pipeline has a shipping capacity of 2.6 billion cubic feet of natural gas per day (Bcf/d). It will transport gas from Texas to Mexico’s growing energy market. Following the energy reform in Mexico, the country witnessed a rising interest from international oil and gas companies.

Energy-related imports have risen in the country over the past few years. Mexico’s year-to-date average gas import from the United States currently stands at 4 Bcf/d.

The pipeline is designed to supply clean burning gas primarily to the Mexican state-run utility company, Federal Electricity Commission aka CFE, which has around 37 million clients. Moreover, the pipeline is expected to open new market opportunities for the gas producers in Texas. As a result, Enbridge’s cash flow is expected to benefit immensely.

There’s More

The Valley Crossing pipeline would to be connected to the Sur de Texas-Tuxpan pipeline in the Gulf of Mexico, and is expected to create a huge pipeline network between the United States and Mexico. The Sur de Texas-Tuxpan pipeline is currently being built by a joint venture between Sempra Energy (SRE – Free Report) and TransCanada Corp. (TRP – Free Report) .

Price Performance

Calgary Canada-based Enbridge has lost 14% in the past year compared with 7.4% decline of its industry.

Zacks Rank and One Stock to Consider

Enbridge Energy carries a Zacks Rank #3 (Hold). Investors interested in the Energy sector can opt for a better-ranked stock like Delek US Holdings, Inc. (DK– Free Report) that sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Brentwood, TN-based Delek is an energy company. The company’s top line for 2018 is anticipated to improve 39.2% year over year, while its bottom line is expected to increase 230.2%.

 

Zacks Equity Research / June 14

 

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Oil opening experiences in other countries

14 June, 2018/Hydrocarbons Storage, Mexico’s Energy Reform, Our Core

Several countries have experienced oil openings for years and their experience might be useful for our country regarding the type of problems they have faced and how they were solved.

In our country, the Energy Reform is young and although its development has been relatively fast and constant compared to other countries, it is important to consider that there will eventually be controversies, either between authorities and contractors, between different contractors or between contractors and its partners.

Recall that what underpins the relationship between these actors is a contract, which according to its legal definition is a will agreement, i.e. both parties accept the terms and conditions. But there are no perfect contracts and this means that in practice there will be differences of interpretation or disagreements regarding new rules.

Especially when it reaches the stage of production where each of the parties will seek to ensure a more determined by their interests.

Disputes between authorities and contractors are generally few, but they earn importance in the media. In countries such as Ecuador, Argentina and Brazil, the most common differences refer to unilateral changes in the contract, price control or lack of timely attention to procedures by the authority.

Regarding disputes between contractors, the most common reason is because they have shared deposits, where there may be a lack of certainty between the rights and obligations of each of the contractors.

Among partners, disputes will usually be because some of them decide to abandon their participation in the field.

The Mexican legislator has to consider the existence of possible conflicts, because of this, the Hydrocarbons Law establishes that the resolution of disputes or arbitration that are signed with national or foreign companies, will be subject to Mexican laws, which is an element of certainty for the authorities and companies, especially for national ones.

At NRGI Broker, we are experts in the hydrocarbon sector and we have strategic allies willing to advise you on the development of oil activities. Come to us, we will gladly assist you.

 

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Rangeland Energy Begins Operations at its South Texas Energy Products System (STEPS) Terminal Facility in Corpus Christi, Texas

5 June, 2018/Economy, Hydrocarbons Storage, News, Oil & Gas, Oil Operators

Oil and Gas 360 / june 5

 

SUGAR LAND, Texas

Rangeland Energy III, LLC (“Rangeland”) today announced that operations commenced at its STEPS terminal in Corpus Christi, Texas, on Monday, June 4. Rangeland also announced that in June the company will begin loading diesel onto railcars for a leading refined products customer. The diesel will be delivered to third-party inland terminals in Mexico via the Kansas City Southern Railway(NYSE: KSU).

“Rangeland is looking forward to facilitating the transportation of diesel to destinations in Mexico for a major industry player,” said Rangeland President and CEO Christopher W. Keene. “This is the first customer to contract with us for services at the STEPS facility. As we continue to build out the STEPS project, we are working with other key marketers, refiners and producers to provide services into and out of STEPS.”

About STEPS

STEPS is an integrated hydrocarbon logistics system that receives and stores refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transports them to terminals primarily located in Mexico. During the initial phase of the project, refined products and LPGs will be received in the Corpus Christi terminal then shipped to third-party inland terminals located in Mexico. In subsequent phases, marine facilities in Corpus Christi and Mexico will be added to the system, along with the infrastructure to accommodate additional commodities including crude oil, condensate and fuel oil. The STEPS project expands upon and leverages Rangeland’s successful track record of developing similar infrastructure in the Bakken Shale and Permian Basin.

The terminal site in Corpus Christi is strategically situated along the Kansas City Southern Railroad mainline within five miles of the Port of Corpus Christi and the Valero, CITGO and Flint Hills refineries. Inbound products initially will be delivered by truck or rail, followed later by pipeline and barge. Refined products and LPGs will move out of the STEPS Corpus Terminal primarily by rail, but the terminal could eventually connect to pipelines and vessels.

About Rangeland Energy

Headquartered in Sugar Land, Texas, Rangeland Energy was formed in 2009 to focus on developing, acquiring, owning and operating midstream infrastructure for crude oil, natural gas, natural gas liquids and other petroleum products. The company is focused on emerging hydrocarbon production areas across North America, with a current emphasis on the Gulf Coast and Canada. The Rangeland team represents more than 200 years of combined midstream experience and is backed by an equity commitment from EnCap Flatrock Midstream. Visit www.rangelandenergy.com for more information.

 

Oil and Gas 360 / june 5

 

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PROGRAMA INTEGRAL DE SEGUROS: LA CLAVE EN EL SECTOR HIDROCARBUROS

29 May, 2018/Hydrocarbons Storage, Insurance, Oil & Gas, Oil Operators, Our Core, Risk Management, Surety and Guarantees

Contratar un seguro no basta para decir que una empresa está adecuadamente protegida contra los eventuales riesgos que pueda enfrentar; lo anterior, toda vez que un seguro sólo va a cubrir ciertos riesgos y a excluir otros. Por ello, la clave es contar con un programa integral de seguros.

Especificamente en el sector de hidrocarburos y sus derivados, la cadena de valor  es amplia y compleja, abarca distintas actividades: Exploración, Extracción, Refinación y Procesamiento, Transporte, Almacenamiento, Distribución y Expendio al público.

Se trata de actividades que son altamente riesgosas por las características intrínsecas de los hidrocarburos (explosivos  y flamables) las cuales les otorgan el potencial de causar daños y perjuicios. A dichos riesgos, se le suman aquellos que son particulares de cada actividad. Por ejemplo, en las actividades de extracción existe la posibilidad de un descontrol de pozo, lo que puede causar severos daños a personas y medio ambiente; los auto-tanques que transportan gasolina o gas licuado de petróleo pueden ocasionar pérdidas catastróficas en caso de una explosión pues transitan en zonas de alta densidad poblacional; los ductos son sujetos a actos vandálicos para sustraer los hidrocarburos, lo cual puede provocar contaminación a partir de los derrames.

Para evitar este tipo de eventualidades, las empresas generalmente implementan una serie de medidas de seguridad industrial y protección ambiental a través de un proceso de administración de riesgos, sin embargo la posibilidad de que alguna de éstas falle siempre existirá, por eso es sumamente importante contar con los mecanismos de transferencia de riesgos que otorguen respaldo económico en caso de siniestro.

Los seguros son instrumentos de transferencia del riesgo, que están diseñados para cumplir con objetivos específicos. Por ejemplo, un seguro de responsabilidad civil otorga cobertura por los daños y perjuicios que se causen a terceros en sus personas y bienes; un seguro de responsabilidad ambiental sirve para absorber los costos de remediación o compensación por contaminación ambiental; un seguro de control de pozos, como su nombre lo indica, está diseñado para asumir los costos que se deriven de un accidente en un pozo de perforación que provoque su descontrol.

La mejor manera de que las empresas de la industria de hidrocarburos estén debidamente protegidas es a través  de un programa integral de seguros que abarque todas sus áreas de riesgo.

En el contexto actual de la Reforma Energética,en la que participan activamente nuevos operadores que han comprometido su capital, las empresas  deben estar preparadas para actuar en un escenario de riesgo, donde deberán ajustar sus esquemas de aseguramiento a fin de evitar una reducción de la utilidad esperada o incluso un impacto negativo en su patrimonio.

En NRGI Bróker somos expertos  en administración de riesgos y programas integrales de seguros. Acércate a nosotros, con gusto te atenderemos.

 

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Mexico’s Natural Gas Dilemma

13 February, 2018/Hydrocarbons Storage, Mexico’s Energy Reform, News, Oil & Gas, Pipelines

FROM: OilPrice / Jude Clemente / 12 de febrero

 

Mexico’s 2013 energy reforms are based on bringing in more competition for the two state-owned monopolies that had become too stagnant, Pemex (oil and gas) and CFE (electricity). One of the key areas with huge upside for foreign firms is the very expensive process of natural gas storage, which is critical for Mexico as it moves to replace overused fuel oil and reduce GHG emissions to meet climate change goals.

Despite rapidly declining production, Mexico is one of the most natural gas dependent nations on Earth. Gas now supplies 45 percent of all energy and 60 percent of electricity. Mexico has been forced to increasingly depend on cheaper piped imports from the U.S., which at 4.5 Bcf/d now account for about 55 percent of Mexico’s total gas usage. Much more gas will be required. Per capita, Mexico’s 130 million citizens consume just a third of the electricity that other OECD nations do. Additionally, there is a manufacturing boom in Mexico, namely in the automotive industry that will use increasing amounts of natural gas.

Currently with no underground sites, gas storage in Mexico will help even the market out — especially during high-demand times — and smooth bottlenecks that needlessly increase prices. Mexico now utilizes three LNG import terminals for short-term balancing, but this pricier supply is a problem for a nation where 50 percent of the people live below the poverty line. Mexico has been the largest buyer of U.S. LNG due to its dearth of pipelines. As seen during Hurricane Harvey, where officials had to force industrials to curtail operations, Mexico remains vulnerable to supply disruptions north of the border.

 

 

Today, the promotion of strategic gas inventories by the Mexican government should eventually lead to a commercial storage business with long-term, large-scale options. To start, the Energy Ministry (Sener) has been crafting a draft on storage policy, with the key proposal being a strategic reserve mandate for Sistrangas, the state-owned operator of Mexico’s largest pipeline network. The main policy requires the National Gas Control Center (Cenagas) to hold 45 Bcf of working gas in storage, which is still just what the country consumes in five days. So obviously, much more needs to be done in Mexico. Other OECD nations hold an average of at least 80 days’ worth of gas in storage.

For a sufficient storage market to emerge, Mexico needs to first better understand the seasonality of its own gas demand. Consumption in the U.S., for instance, can double in winter from summer because of heating needs, and the gas storage market has two phases: a “withdrawal season” from November–March and an “injection season” from April–October. Although not as dramatic, Mexico’s gas demand does peak in summer when hot temperatures surge electricity demand for air conditioners. To illustrate, U.S. gas exports to Mexico have typically been 35–50 percent higher in summer than winter.

Following the U.S. model, gas storage in Mexico also hinges on the private sector developing price indexes at pipeline interconnections and allowing regional price differences to materialize. Long reliant on U.S. gas based on price points at Henry Hub and Houston Ship Channel, Mexico seeks its own hub pricing system. This should occur sometime this year, likely first starting in the manufacturing hub of Monterrey, the capital city of the northeastern state Nuevo León. Going forward, rising trading volumes should help grow the immature market as well. Ultimately, commercial gas storage could become a viable business in Mexico within three to five years at the earliest.

Mexico wants a domestic gas storage option that can offer attractive prices that don’t include transport adders, like users must now pay to import gas from the U.S. But it will be difficult to compete with the U.S. storage market, which is the largest and most dynamic in the world. Existing U.S. gas storage sites are immense, with a working capacity of ~4,700 Bcf at 385 storage fields. Many of these have been operating for decades and enhance liquidity by offering short-term contracts.

The U.S. South Central is the closest source of storage for Mexico, and the region’s working gas in storage currently sits at 703 Bcf, which is 293 Bcf lower than this time last year and 199 Bcf below the previous five-year average. And opening up more opportunities for American sellers, U.S. gas pipeline gas capacity into Mexico will reach 15 Bcf/d by 2020, a 50 percent rise from today.

But Mexico’s deregulation is about upgrading energy security with increased self-sufficiency, not spiraling dependence on the U.S. Andrés Manuel López Obrador, the current favorite for Mexico’s July presidential election, has made this clear and has suggested a return to the old days of resource nationalism. Mexico also realizes that the huge U.S. LNG export build-out means that loads of gas will be leaving the country, destined for the booming markets in Asia. Both China and India have proven willing to pay more for energy and sign long-term contracts to ensure supply.

As such, the good news is that Mexico’s recent reforms have widened investment opportunities and brought in new producers. For example, although still small-scale, there are now about 18 non-Pemex and non-CFE gas sellers in the nation. And with an EIA-reported 550,000 Bcf of recoverable shale gas, development should start in Mexico in the early-2020s, especially bolstered by more suppliers, rising prices, and enhanced security against narco-traffickers.

Additionally, current and potential non-state producers were encouraged by Mexico’s Energy Regulatory Commission’s (CRE) decision last June to eliminate the maximum price that natural gas can be sold at “first-hand sales.” Freed from the hands of state control, this is another step for the immature market to finally incorporate the true value of natural gas — increasingly Mexico’s most vital fuel.

 

FROM: OilPrice / Jude Clemente / 12 de febrero

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Jefferson Energy Companies Originates the First ExxonMobil Unit Trains of Refined Products to Mexico

29 January, 2018/Hydrocarbons Storage, Mexico’s bidding rounds, Mexico’s Energy Reform, News, Oil & Gas, Oil Operators

From: GlobeNewswire / 11 de Diciembre de 2017

NEW YORK, Dec. 11, 2017 (GLOBE NEWSWIRE) — Jefferson Energy Companies (“Jefferson”), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), is playing an important role in ExxonMobil’s recent Mexico market entry.  With logistics support from Jefferson, ExxonMobil is the first company to provide an integrated product offering along the entire fuels value chain in Mexico.  Unit trains of gasoline and diesel delivered to Central Mexican markets originated at Jefferson’s terminal in Beaumont, Texas.  The unit train loading was done under an agreement with ExxonMobil. These volumes originated at Jefferson were safely delivered through a destination terminal in San Luis Potosi to retail gasoline stations in the Bajio region. ExxonMobil previously announced its intent to spend $300 million in fuel logistics, product inventories and marketing in support of Mobil-branded stations and Synergy-branded fuels, and these unit train shipments are part of that program.

About the Jefferson Energy Terminal

Jefferson Energy CEO and President Greg Binion said, “We are excited to be an integral part of the transformation of the Mexican energy sector. Further, we are very pleased that ExxonMobil recognized the operational flexibility and advantages that our terminal provides. As this opportunity in Mexico expands, we plan to continue to enter into other contracts to provide logistics for refined products export to Mexico. We also plan to continue to invest in associated tanks as well as rail and loading infrastructure in order to meet the rapidly growing demands of this market.”

The terminal is owned and operated by Jefferson Energy Companies, a midstream oil and terminal company that serves the Gulf Coast. The terminal is located on 243 acres in Beaumont, Texas, positioned in one of the largest refinery markets in the U.S., located in the center of the 9.2 million bbdGulf Coast refining market (PAD III). The terminal is a public-private partnership between the Port of Beaumont Navigation District of Jefferson County, Texas and Jefferson Energy Companies. The Port of Beaumont is the fourth busiest port in the United States, according to the U. S. Army Corp of Engineers tonnage statistics, and the busiest military port in the U.S. The terminal is currently served by three Class I railroad carriers, allowing delivery from most origination terminals and plants in North America.

About Fortress Transportation and Infrastructure Investors LLC

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm. For more information about FTAI, visit www.ftandi.com.

Transporte de combustible con ferrocarril

Ferrocarril

From: GlobeNewswire / 11 de Diciembre de 2017

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ExxonMobil named 2017 Explorer of the Year by World Oil and Gas Council

23 January, 2018/Hydrocarbons Storage, Mexico’s Energy Reform, News, Oil & Gas, Oil Operators

FROM: Your Oil & Gas News / 23 de Enero de 2018

 

ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry.

“This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and discovering the highest quality resources,” said Steve Greenlee, president of ExxonMobil Exploration Company. “This recognition would not be possible without the dedication of our employees and their daily commitment to safety and operational excellence at every stage of exploration.”

During the year, ExxonMobil announced a number of discoveries, acquisitions and other activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea and Suriname.

Significant exploration activity took place offshore Guyana, where ExxonMobil announced four discoveries in 2017 at Payara, Liza Deep, Snoek, and Turbot. These four discoveries added to the earlier Liza discovery, made in 2015.

Mike Cousins, executive vice president of ExxonMobil Exploration Company, accepted the award on behalf of ExxonMobil at an award dinner in London in December. He was accompanied by a number of company representatives, including Kerry Moreland, Guyana Basin exploration manager.

“Guyana has become an exciting exploration area where we have consistently demonstrated our technical ability in deepwater exploration and operations,” said Moreland. “We are planning for continued success with our drilling program in 2018.”

Since receipt of the award in December 2017, ExxonMobil has announced a sixth discovery offshore Guyana at the Ranger-1 exploration well.

Other notable ExxonMobil exploration highlights throughout the year include:

 

Brazil

In September and October, the company added 14 blocks comprising more than 1.25 million net acres offshore Brazil through bid rounds and farm-in agreements, bringing its total acreage in the country to more than 1.4 million net acres. These included an agreement to purchase half of Statoil’s interest in an offshore block containing the Carcara field, estimated to contain a recoverable resource of two billion barrels of oil.
In December, ExxonMobil signed a memorandum of understanding with Petrobras to jointly identify and evaluate potential business opportunities.

Cyprus

In April, the company signed an exploration and production sharing contract for offshore Block 10.

Equatorial Guinea

In June, ExxonMobil signed a production sharing contract with the government of Equatorial Guinea for deepwater block EG-11.

Malaysia

In November, ExxonMobil signed production sharing contracts for acreage offshore Sabah, Malaysia.

Mauritania

In December, ExxonMobil signed production sharing contracts for three offshore blocks: C22, C17 and C14.

Papua New Guinea

In June, ExxonMobil announced positive production well tests results from the Muruk-1 sidetrack 3 well. ExxonMobil also drilled the P’nyang South-2 well, which successfully confirmed an extension to the earlier P’nyang discovery.
Across Papua New Guinea, ExxonMobil acquired an additional 5.7 million net acres of prospective acreage, onshore and offshore.

Suriname

In July, ExxonMobil signed a production sharing contract for Block 59 offshore Suriname in the Guyana-Suriname Basin.

United States – Gulf of Mexico

In March and August, ExxonMobil was awarded 25 blocks in the U.S. Gulf of Mexico lease sales.
About ExxonMobil

ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

 

FROM: Your Oil & Gas News / 23 de Enero de 2018

 

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What’s Happening With These Oil & Gas Stocks? — Precision Drilling, ProPetro, RPC Inc., and Willbros

16 January, 2018/Hydrocarbons Storage, News, Oil & Gas, Oil Operators

FROM: CISION PR Newswire / Wall St. Equities / 16 de Enero de 2018

 

NEW YORK, Jan. 16, 2018 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community.  Ahead of today’s trading session, WallStEquities.com navigates the Oil and Gas Equipment and Services space, which includes companies that provide all the tools and services necessary to explore and drill for new oil and gas supplies. Four equities in this industry have been selected for evaluation, and they are: Precision Drilling Corp. (NYSE: PDS), ProPetro Holding Corp. (NYSE: PUMP), RPC Inc. (NYSE: RES), and Willbros Group Inc. (NYSE: WG).

 

Precision Drilling

Calgary, Canada headquartered Precision Drilling Corp.’s stock rose 3.06%, finishing last Friday’s trading session at $3.71. A total volume of 5.30 million shares was traded, which was above their three months average volume of 2.62 million shares. The Company’s shares have surged 36.90% in the last month and 46.06% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 28.49% and 15.95%, respectively.

 

ProPetro Holding

Shares in Midland, Texas headquartered ProPetro Holding Corp. ended at $21.09, down 2.13% from the last trading session. The stock recorded a trading volume of 2.07 million shares, which was above its three months average volume of 1.79 million shares. The Company’s shares have advanced 6.73% in the past month and 44.85% over the previous three months. The stock is trading 14.04% and 45.17% above its 50-day and 200-day moving averages, respectively. Moreover, shares of ProPetro, which provides oilfield services, have an RSI of 65.22.

 

RPC Inc.

On Friday, shares in Atlanta, Georgia headquartered RPC Inc. recorded a trading volume of 2.75 million shares, which was above their three months average volume of 1.17 million shares. The stock declined 2.85%, closing the day at $24.54. The Company’s shares have gained 8.07% over the previous three months and 15.20% over the past year. The stock is trading 14.74% above its 200-day moving average. Additionally, shares of RPC Inc., which provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the US, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and Middle-East, have an RSI of 44.59.

 

Willbros Group

At the close of trading on Friday, shares in Houston, Texas headquartered Willbros Group Inc. recorded a trading volume of 285,697 shares. The stock finished the session 3.17% higher at $1.30. The Company’s shares have gained 0.78% in the past month. The stock is trading below its 50-day moving average by 14.92%. Furthermore, shares of Willbros, which through its subsidiaries, operates as a specialty energy infrastructure contractor serving oil and gas, and power industries in the US and Canada, have an RSI of 48.18. See the free research coverage on WG at:

 

FROM: CISION PR Newswire / Wall St. Equities / 16 de Enero de 2018

https://nrgibroker.com/wp-content/uploads/2017/06/shutterstock_363972821.jpg 1707 2560 admin https://nrgibroker.com/wp-content/uploads/2023/08/nrgibroker-300x96.png admin2018-01-16 15:46:032018-01-29 12:08:42What’s Happening With These Oil & Gas Stocks? — Precision Drilling, ProPetro, RPC Inc., and Willbros

Latin America´s Energy Reforms will be tested in upcoming elections

9 January, 2018/Hydrocarbons Storage, Mexico’s bidding rounds, Mexico’s Energy Reform, News, Oil & Gas, Oil Operators

FROM: Interamerican Dialogue / Lisa Viscidi / 9 de Enero de 2018

 

2018 will be a pivotal year for energy in Latin America, as the region’s top oil producers are set to hold presidential elections that could lead to sweeping policy changes. Recent market-oriented energy reforms in countries like Brazil and Mexico have increased investment pledges, but the region is still seeing an overall oil production decline.

The upcoming presidential elections could be decisive in advancing policies to maintain oil revenues. However, in the current climate of growing polarization and deeply unpopular incumbents in Latin America, the elections are generating tremendous political uncertainty. Several left-leaning candidates are against current oil policy but not for the same reasons. Some oppose investor-friendly policies based on oil nationalism; others contest the exploitation of energy resources on environmental grounds.

2018 will be a pivotal year for energy in Latin America, as the region’s top oil producers are set to hold presidential elections that could lead to sweeping policy changes.”
In Mexico, independent candidates are allowed to run for the first time in the July presidential election, opening the way for a broad field of contenders. The front-runner, leftist nationalist Andrés Manuel López Obrador (AMLO), has made opposition to Mexico’s 2013 energy reform a cornerstone of his campaign. President Enrique Peña Nieto of the PRI party, who led the reform, is hugely unpopular. The business-friendly PAN party, which provided the critical votes to pass the reform in congress, is divided. Polls show AMLO with over 30 percentof votes, a sizable lead over the PRI and PAN candidates who are polling at about 17% each. Mexico has no second round of elections, so a candidate can win with a relatively small percentage of votes.

The energy reform eliminated Pemex’s decades-long monopoly on oil production, and dozens of private companies have since won contracts in bid rounds that will bring an estimated $59 billion in investment.”
The energy reform eliminated Pemex’s decades-long monopoly on oil production, and dozens of private companies have since won contracts in bid rounds that will bring an estimated $59 billion in investment. But this is only a fraction of the capital needed to return to Mexico’s 2004 peak oil production of 3.4 million barrels per day (mbd) compared to 2 mbd today. The government’s best-case projections see production rising only in 2019, meaning Mexicans will cast their vote before the reform starts to bear fruit.

AMLO has seized on weak oil production as proof that the sector’s opening is not delivering as promised and pledged to hold a public referendum to overturn the reform. Only a two-thirds congressional majority – which AMLO is unlikely to secure – can undo the constitutional reform, and it would be legally difficult to change existing contracts. And, despite his provocative stance, AMLO could choose to support private investment once in office in a bid to generate more oil revenue for his government. However, the president has broad powers to halt the opening of the sector. The energy ministry designs oil auctions and their timelines, selects the contract type for each oil block and can hand any field to Pemex. Many investors fear that an AMLO administration would make terms less attractive or cease holding the auctions that have allowed private firms to enter the country altogether.

In Brazil, the October presidential elections will also be a bellwether for the energy sector. President Michel Temer introduced energy policies making terms more attractive for international investors. He removed onerous local content requirements from bidding criteria, set a regular pre-salt bid round schedule and signed a law allowing companies other than state oil giant Petrobras to operate Brazil’s high-cost offshore pre-salt fields. The results have already been visible; in an October pre-salt auction, six of eight blocks on offer received bids, and signing bonuses totaled $1.9 billion.

While it is too early for formal candidacy announcements, former President Luis Inácio Lula da Silva is currently the clear front-runner despite having been convicted in July on charges of corruption, which he is appealing. If elected, Lula would likely reinstate his previous nationalist oil sector policies. In recent rallies with supporters, he has criticized Temer’s government for selling off Brazil’s wealth to foreign corporations and said Petrobras should be used as an instrument of development and job creation. If Lula is behind bars, he will likely throw his support behind another Worker’s Party candidate with a similar platform. Following Lula in the polls is right-wing nationalist Congressman João Bolsonaro. He has so far focused on security and social issues, and his positions on energy are unclear. Probable centrist candidates Geraldo Alckmin and João Doria – governor and mayor of São Paulo, respectively – favor investment-friendly policy. But both trail Lula and Bolsonaro in polls.

In Colombia, a crowded field of candidates with a broad spectrum of economic and energy policy platforms are competing for the presidency.”
In Colombia, a crowded field of candidates with a broad spectrum of economic and energy policy platforms are competing for the presidency. Colombia has seen a steep decline in oil investment and revenue since the 2014 oil price collapse. Crude production has fallen since 2015. Less drilling has led to fewer discoveries, and at its current production rate, Colombia will run out of oil reserves in about five years. This is due to lower oil prices coupled with widespread local opposition to the oil and mining sectors, as some communities are demanding additional economic benefits and others oppose drilling based on environmental concerns.

Whether or not the sector will return to its former role as a primary driver of Colombia’s economy depends largely on whether the government can generate local community support for oil projects or chooses to prioritize other economic sectors. The field of potential candidates includes conservatives who want to promote oil investment through market-friendly reforms and leftist candidates who say Colombia should wean its economy off of oil, which causes environmental damage and is not a viable long-term driver of growth in a low-carbon economy. With the crowded field and deep divisions over the controversial peace deal with the FARC, no candidate will likely secure a majority in May, and a second round in June is almost inevitable.

In contrast to the other countries, Venezuela is unlikely to elect a new president or substantially change energy policy.”
In contrast to the other countries, Venezuela is unlikely to elect a new president or substantially change energy policy. Its constitution calls for elections next year – and President Nicolás Maduro has promised to hold them – but with the National Electoral Council stacked with Maduro allies and the president’s penchant for circumventing the democratic process, analysts predict he will rig the election to remain in power.

Venezuela’s oil industry – responsible for 96 percent of exports – is on the decline. The global oil price collapse exposed long-standing issues at state oil company PDVSA like underinvestment, lack of maintenance and unsustainable payments to support government programs. Production has plummeted, and with massive payments due to international creditors and much of the country’s oil output being used to pay off oil-backed loans, PDVSA cannot make the necessary investments to turn production around. But rather than introduce the reforms necessary to put Venezuela’s economy and oil sector back on track, Maduro has doubled down on failed policies like exchange rate controls and energy subsidies in a desperate effort to retain power.

Many Latin American presidents are hugely unpopular and voters are looking for change.”
Many Latin American presidents are hugely unpopular and voters are looking for change. This landscape creates tremendous uncertainty for investors and companies in oil and other economic sectors. Energy has long been a politically charged issue in Latin America, leading to erratic approaches between one government and another and politically driven policies that have ultimately resulted in oil production declines. Rather than taking divisive positions on energy policy, the candidates should seek to build consensus and take a sober look at how to maximize productivity and deliver the greatest revenues for the state or prepare for diminished economic returns from the sector.

 

 

FROM: Interamerican Dialogue / Lisa Viscidi / 9 de Enero de 2018

 

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