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US to put a new lease of sale of the Gulf of Mexico blocks

Obama administration has decided to put a new lease of sale in the Gulf of Mexico with around 7250 offshore blocks for oil and gas exploration.

read more... 30/01/2012

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BP to change its strategy on lower production

The British oil giant, BP announced its decision to sell off some $15bn (£9bn) of its assets following the Gulf of Mexico spill which took place last year, as BP engaged to pay increased returns to shareholders and to boost cash flow by 50% by 2014.

read more... 26/10/2011

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Mexico’s wind capacity to reach 556.5 MW

Acciona Energy ended the construction of three wind farms in Mexico with a total capacity of 306 MW, consolidating its position in the country as the biggest wind power assets company.

read more... 29/09/2011

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Daily – U.S. crude at highest settlement since August 4

U.S. and Brent crude oil futures pared gains on Wednesday on released industry data about a deeper decrease in domestic crude stocks previous week and on lasting absence of Libyan oil in the market and bad weather in the Gulf of Mexico.

read more... 08/09/2011

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Daily – oil prices mixed on a possible crisis deep

NYMEX and Brent crude oil futures were mixed on Tuesday on worries over a possible deep of the world economic growth and on weak North Sea supplies due to lasting absence of Libyan oil and a new weather disturbance in the southern Gulf of Mexico.

read more... 07/09/2011

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