Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData.
The company has announced an agreement with Petrobras to extend the current long-term day-rate contracts for three pipelay support vessels.
Mexico’s dependency on natural gas is forecast to grow as Pemex focuses on crude oil production and the US continues to have an excess in natural gas supply, according to GlobalData.
The order approving the resumption of the process was published on 9 July in the Federal Official Gazette.
Frontera Energy Corporation has reported the company’s financial and operational results for the first quarter.