Drilled depth and rig days increase year-on-year in January.
The two countries sign MOUs as the UK's ambassador to Mexico says the nations are 'two natural partners with a great potential for development.'
A Sinopec-led consortium has reportedly agreed to financial terms, which include assuming an US$11mn debt owed to suppliers.
In its latest oil market report, IEA warned that falling OPEC production pointed to a market deficit in the first half of 2017.
Authorities amend rules of the first three auctions of the country's second oil and gas licensing round.
Multilateral discussions this week in Chile are working to build a new framework for Asia-Pacific trade in the wake of the TPP demise. A meeting with Mercosur is next.
OPEC forecasts the region's oil supply will increase to 5.3Mb/d this year.
Swiss trader Glencore reportedly will supply 180,000b/d of gasoline and diesel to 1,400 gas stations.