Oil and Gas

By: Franyi Sarmiento, Ph.D., Inspenet, September 30, 2022.
Oil prices surged this week, with Brent up more than 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise slowdowns in oil inventory US crude oil and natural gas stocks

By: Franyi Sarmiento, Ph.D., Inspenet, September 23, 2022.
The US Department of Energy indicated this week that it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve (SPR), for delivery in November.

By: Franyi Sarmiento, Ph.D., Inspenet, September 20, 2022.
The global demand for oil will increase in the coming months and through 2023. It is estimated that it will increase by two million barrels per day until the end of 2022 and by 2.1 million barrels per day in 2023, according to a report by the International Energy Agency (IEA).

By: Franyi Sarmiento, Ph.D., Inspenet, September 16, 2022.
The general director of Petróleos Mexicanos (PEMEX), Octavio Romero Oropeza, reported that on Monday, September 12, a new oil well began production in the Tupilco onshore field, located in the municipality of Comalcalco.

By: Franyi Sarmiento, Ph.D., Inspenet, August 31, 2022.
According to a report by the Diversity and Inclusion Commission of the Argentine Institute of Oil and Gas (IAPG), the number of women employed in the oil industry in Argentina currently does not exceed 18% of the total number of positions that generates the sector.

By: Franyi Sarmiento, Ph.D., Inspenet, August 25, 2022.
The world’s largest oil company, Saudi Aramco, recorded a record net income during the second quarter of the year, an increase of almost 90%, reaching 48.4 billion dollars.

By: Franyi Sarmiento, Ph.D., Inspenet, August 23, 2022.
As part of a call launched by the National Ministry of Science, Technology and Innovation, under the name “CanSat Argentina”, a group of students from Mar del Plata’s Secondary School No. 40 will build a satellite prototype (atmospheric probe) for oil spill control.

By: Franyi Sarmiento, Ph.D., Inspenet, August 23, 2022.
Petróleos Mexicanos (PEMEX) and the Sindicato de Trabajadores Petroleros de la República Mexicana (STPRM) concluded the 2022-2023 salary review, now the oil workers will have an increase in their salaries of 4% and 2.25% in their benefits.

By: Franyi Sarmiento, Ph.D., Inspenet, August 22, 2022.
The Colombian Association of Petroleum Engineers (Acipet) is organizing the XIX Colombian Regional Oil, Gas and Energy Congress: Sustainability and Energy Coexistence: the future of Colombia.

By: Franyi Sarmiento, Ph.D., Inspenet, August 18, 2022.
The British energy company, BP, will stop exploring for hydrocarbons in Mexico after six years of presence in the country following the opening of the energy sector to private companies during the administration of Enrique Peña Nieto.