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Oil Reserves In Mexico
As of 2007, the proven oil reserves in Mexico were . The US Energy Information Administration estimated Mexican proved reserves to be as of 2013. Production Mexico was the seventh-largest oil producer in the world as of 2006, producing of petroleum products, of which was crude oil. Mexican oil production has started to decline rapidly. The U.S. Energy Information Administration had estimated that Mexican production of petroleum products would decline to in 2007 and in 2008. Mexican crude oil production fell in 2007, and was below by the start of 2008. In mid-2008, Pemex said that it would try to keep crude oil production above for the rest of the year. Mexican authorities expected the decline to continue in future, and were pessimistic that it could be raised back to previous levels even with foreign investment. The constitution of Mexico gives the state oil company, Pemex, exclusive rights over oil production, and the Mexican government treats Pemex as a major sourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Reserves
An oil is any polarity (chemistry), nonpolar chemical substance that is composed primarily of Hydrocarbon, hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) & lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ciudad Del Carmen
Ciudad del Carmen is a city in the southwest of the Mexican state of Campeche. Ciudad del Carmen is located at on the southwest of Carmen Island, which stands in the Laguna de Términos on the coast of the Gulf of Mexico. , Ciudad del Carmen had a population of 169,466, up from the 2005 census of 154,197. In July 2006, Ciudad del Carmen celebrated its 150th anniversary as a city. The city is nicknamed "The Pearl of the Gulf". Ciudad del Carmen was a small city mostly devoted to fishing until the 1970s when oil was discovered in the region; since then it has grown and developed substantially. To this day Carmen is known as one of the best locations to find seafood in Mexico. As late as the early 1980s the city could long be reached only by ferry boats called "pangas" or small motorboats ("lanchas") operating between Ciudad del Carmen and Zacatal; this changed with the construction of a causeway bridge to the mainland in the 1980s (eastbound) and another one in 1994 (westbound) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum In Mexico
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gaso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry In Mexico
The petroleum industry in Mexico makes Mexico the eleventh largest producer of oil in the world and the thirteenth largest in terms of net exports. Mexico has the seventeenth largest oil reserves in the world, and it is the fourth largest oil producer in the Western Hemisphere behind the United States, Canada and Venezuela. Mexico is not a member of the OPEC (the Organization of Petroleum Exporting Countries) or any petroleum production related organizations, but since 1994 it is a member of the North American Free Trade Agreement. The petroleum sector is crucial to the Mexican economy; while its oil production has fallen in recent years, oil revenues still generate over 10% of Mexico's export earnings. High taxes on the revenues of Pemex provide about a third of all the tax revenues collected by the Mexican government. History Development of the oil industry in Mexico before 1938 Petroleum was known in Mexico before the arrival of the Spaniards and used by the natives fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sierra Oil & Gas
Sierra (Spanish for " mountain range" and " saw", from Latin ''serra'') may refer to the following: Places Mountains and mountain ranges * Sierra de Juárez, a mountain range in Baja California, Mexico * Sierra de las Nieves, a mountain range in Andalusia, Spain * Sierra Madre (other), various mountain ranges ** Sierra Madre (Philippines), a mountain range in the east of Luzon, Philippines * Sierra mountains (other) * Sierra Nevada, a mountain range in the U.S. states of California and Nevada * Sierra Nevada (Spain), a mountain range in Andalusia, Spain * Sierra de San Pedro Mártir, a mountain range in Baja California, Mexico * Sierra Maestra, a mountain range in Cuba Other places Africa * Sierra Leone, a country located on the coast of West Africa Asia * Sierra Bullones, Bohol, Philippines Europe * Sierra Nevada National Park (Spain), Andalusia, Spain * Sierra Nevada Observatory, Granada, Spain North America * High Sierra Trail, California, Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Talos Energy
Talos Energy Inc. is an oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico. History The company was founded in 2012 by Timothy Duncan with a $600-million equity raise from Apollo Global Management and Riverstone Holdings. The company is based in Houston, Texas. In July 2017, Talos Energy, Premier Oil, and Sierra Oil & Gas announced that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a formation with between 1.4 billion and two billion barrels of light crude oil. Because not all oil present is such a formation is technically recovered, it is believed that the formation could yield about 425 million barrels. In May 2018 Talos Energy Inc.("Talos") completed merger with Stone Energy Corporation (NYSE: SGY) ("Stone") and became Talos Energy, Inc. The new company trading on the New York Stock Exchange under the new ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Oil
Premier is a title for the head of government in central governments, state governments and local governments of some countries. A second in command to a premier is designated as a deputy premier. A premier will normally be a head of government, but is not the head of state. In presidential systems, the two roles are often combined into one, whereas in parliamentary systems of government the two are usually kept separate. Relationship to the term "prime minister" "Premier" is often the title of the heads of government in sub-national entities, such as the provinces and territories of Canada, states of the Commonwealth of Australia, provinces of South Africa, the island of Nevis within the Federation of Saint Kitts and Nevis, and the nation of Niue. In some of these cases, the formal title remains "Prime Minister" but "Premier" is used to avoid confusion with the national leader. In these cases, care should be taken not to confuse the title of "premier" with "prime minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DeGolyer And MacNaughton
DeGolyer and MacNaughton is a petroleum consulting company based in Dallas, Texas, with offices in Houston, Moscow, Astana, Buenos Aires, and Algiers. DeGolyer and MacNaughton was founded in 1936 by Everette Lee DeGolyer and Lewis MacNaughton. DeGolyer had formerly known McNaughton through their work with the petroleum exploration company Amerada. While serving as President, DeGolyer hired McNaughton to work for Amerada in 1928. Company founding and early years In the 1930s bankers began offering essential long-term loans to prospective oil companies only after they had secured the unknown, subterranean collateral of the oil reserves at a particular site, which required the banks to rely on the integrity, competence, honesty, and experience of those individual assessing the value of the reserves. New financing methods were required which created a need for reliable and fully independent studies and evaluations of reservoirs. DeGolyer and McNaughton was established to meet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alan Greenspan
Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First nominated to the Federal Reserve by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position, behind only William McChesney Martin. President George W. Bush appointed Ben Bernanke as his successor. Greenspan came to the Federal Reserve Board from a consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts. Many have argued that the "easy-money" policies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ku-Maloob-Zaap
Ku-Maloob-Zaap () is an oil field in Mexico. It is made up of three relatively large fields, Ku, Maloob, and Zaap, which are located to the immediate northwest of the Cantarell field. The field lies in of water. Ku-Maloob-Zaap is located offshore in the Bay of Campeche, off the coast of Tabasco, from Ciudad del Carmen. It was discovered by PEMEX, Mexico's national oil company, in 1979. It covers an area of , and includes five fields: Ku, Maloob, Zaap, Bacab, Lum and Zazil-Ha. The Ku, Maloob, and Zaap fields produce from the Kimmeridgian, Lower Paleocene-Upper Cretaceous, and Middle Eocene reservoirs. Total reserves of the field have been put at 4.9 billion barrels. Production history The Ku field was discovered in 1980, the Maloob field in 1984 and Zaap in 1991. First oil from the Ku field was produced in 1981. The KMZ development included drilling 82 wells, four of which are nitrogen injectors and installation of 17 oil platforms: seven drilling, four production, four accommoda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers ,Mexico ''''. . making it the world's 13th-largest country by are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heavy Crude Oil
Heavy crude oil (or extra heavy crude oil) is highly-viscous oil that cannot easily flow from production wells under normal reservoir conditions. It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Physical properties that differ between heavy crude oils and lighter grades include higher viscosity and specific gravity, as well as higher molecular weight hydrocarbon composition. In 2010, the World Energy Council defined extra heavy oil as crude oil having a gravity of less than 10° and a reservoir viscosity of more than 10,000 centipoises. When reservoir viscosity measurements are not available, extra-heavy oil is considered by the WEC to have a lower limit of 4° API. In other words, oil with a density greater than 1000 kg/m3 (or a specific gravity greater than 1) and a reservoir viscosity of more than 10,000 centipois ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
