As Mexico's oil giant struggles, its laws block foreign help

Article Abstract:

Petroleos Mexicanos of Mexico is facing a lack of new oil field development and would like to open up to international trade and investment. Petroleos Mexicanos was born in a nationalist fervor and has inalienable rights written into the Mexican Constitution that prevents the company from tying up with other international oil companies. The petroleum giant is the third largest producer of crude oil with $69 billion in revenue, yet is considered one of the least efficient companies in the industry.

Production management, Management dynamics, Mexico, Management, History, Political aspects, Company Profile, Company business management, Petroleos Mexicanos, Corzo, Luis Ramirez

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Cnooc forecasts a drop in output amid idle fields

Article Abstract:

China National Offshore Oil Corp. is projecting a slight drop in natural gas and crude oil production to between 168 million to 170 million barrels for 2007. Projections for 2008 are greater than 190 million barrels. Variations in production estimations is due to closed oil fields hit by a typhoon last year and some larger oil fields that will not be in production until 2008.

China, Forecasts, trends, outlooks, Production data, China National Offshore Oil Corp., Company business forecast/projection, Company forecasts, Company overview, Financial report

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