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NOCs

Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization

Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization

As Latin America’s national oil companies (NOCs) pivot toward partnerships with the private sector and divestment of non-core assets, Mexico’s Petróleos Mexicanos (Pemex) remains an outlier even in the wake of Covid-19, a panel of experts agreed earlier this month. Even before the pandemic, the region’s oil-exporting countries were struggling to navigate a “lower-for-longer” oil…

October 21, 2020
National Oil Companies Slash Capex Budgets in Unprecedented Crisis

National Oil Companies Slash Capex Budgets in Unprecedented Crisis

National oil companies (NOC) across the world plan to cut exploration budgets by more than a quarter on average in 2020, according to new research by Wood Mackenzie.

May 22, 2020

U.S. Shale Credited for Surge in Upstream Spending

Big spending by Big Oil in the U.S. shale plays is leading to a big-time recovery in global upstream capital spending, according to energy consultant Wood Mackenzie.

November 15, 2010