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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

Oil & Gas 360º

Pemex, one of Mexico’s largest companies, has an outstanding debt with an extensive list of suppliers and contractors of around $20 billion, in addition to another financial debt of $101 billion, despite the injection of billions of dollars from the government in the last few years to face the amortizations.

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Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.

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Kazakh CPC Oil Exports Capped at 700,000 bpd After Russian Suspension

OilPrice

Caspian Pipeline Consortium (CPC) blend oil exports have been capped at 1 million barrels per day, taking 700,000 bpd off the market, after Russia ordered the shutdown of two out of three moorings at the CPC main Black Sea oil export terminal. The order went into force on April 1.

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KRG to Eliminate 7,000 Private Generators by 2026

Iraq Business News: Oil & Gas

The Kurdistan Regional Government (KRG) has said that its Runaki (Light) project is making significant progress toward delivering 24-hour electricity to the entire Kurdistan Region by the end of 2026. One of the project's most significant achievements is the shutdown of approximately 7,000 private diesel generators throughout the region.

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What is the Iraq-Turkey oil pipeline dispute and who's on the hook?

Energy Central

According to the federal government of Iraq, only SOMO, a state-owned marketing company, is authorized to oversee crude exports through Ceyhan.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Also capping demand was the final shutdown ofLyondellBasell Industries(NYSE: LYB ) 263,776 barrel-per-day (bpd) Houston refinery this month.

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Reusing produced water

Oilfield Technology

There are market and government incentives that could help move the dial, but both of them are small. Disposing of this excess PW is leading to seismic activity in several regions that has resulted in curtailment and sometimes shutdown of SWD facilities. Most of the oil produced in continental USA is in relatively arid regions.