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08.08.25 - 21:15
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production (ZeroHedge)
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In Major U-Turn, Mexico Approves Fracking To Reverse Sagging Oil And Gas Production
By Tsvetana Paraskova of OilPrice.com
In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking.
Petroleos Mexicanos, or Pemex, the world's most indebted energy firm, has seen declines in its output in recent years as old shallow-water conventional fields mature.
Now the government and its state-controlled energy giant want to revitalize production via fracking, Reuters reports, citing the revitalization plan.
In the late 2010s, then-President Enrique Peña Nieto sought to open shale basins, including the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies.
However, Peña Nieto's successor, Andrés Manuel López Obrador, cancelled the contracts. Former president Lopez Obrador ruled out fracking during his...
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08.08.25 - 16:46
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Oil Tumbles On Report Of US-Backed Russia-Ukraine Truce Deal (ZeroHedge)
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Oil Tumbles On Report Of US-Backed Russia-Ukraine Truce Deal
Bloomberg is reporting, according to people familiar with the matter, that Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia's occupation of territory seized during its military invasion.
US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week, the people said, speaking on condition of anonymity to discuss private deliberations.
The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, the people said.
Putin is demanding that Ukraine cede its entire eastern Donbas area to Russia as well as Crimea, which his forces illegally annexed in 2014.
That would require Ukrainian President Volodymyr Zelenskiy to order a withdrawal of troops from parts of the Luhansk and Donetsk regions still held by Kyiv, handing Russia a v...
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08.08.25 - 15:24
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Ölpreise legen etwas zu (DPA-AFX)
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NEW YORK/LONDON (dpa-AFX) - Die Ölpreise haben am Freitag etwas zugelegt. Ein Barrel (159 Liter) der Nordseesorte Brent zur Lieferung im Oktober kostete 66,76 US-Dollar. Das waren 33 Cent mehr als am Vortag. Der Preis für ein Barrel der US-Sorte WTI stieg ......
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08.08.25 - 12:36
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′We′ve begun oil spill response training′: Patagonia prepares for the largest crude oil export port in Argentina (The Guardian)
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Wildlife experts warn huge facility on the Valdés peninsula in Patagonia could be devastating for 'a treasure chest of wildlife'The rocky crevices of the Valdés peninsula and the pristine waters of the San Matías Gulf, on the Atlantic coast of Argentinian Patagonia, are a remote sanctuary for marine life, where protected southern right whales breed, orcas hunt and thousands of penguins and sea lions flourish.“It's a treasure chest of wildlife – a breathtaking, untouched place,” says María Leoní Gaffet, a local wildlife expert and co-director of Península Valdés Orca Research. “It's unique in the world.” Continue reading......
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