Our industry remains focussed on the continuing weakness in the oil market. There are clear signs that the market is adjusting and that it will gradually rebalance. But the adjustment process is likely to be painful, and energy companies need to adapt to weather the storm.That is what BP has been doing over the past year and will continue to do.
But in order to adapt successfully, we must have a clear sense of where we are heading, so that we not only emerge from the current weakness leaner and fitter, but do so better equipped to meet the longer-term challenges facing our industry.
That is the role of the Energy Outlook: to help lift our focus from the here-and-now and consider how the energy landscape might evolve over the next twenty years. With that in mind, three key features of this year’s Outlook stood out for me.
First, energy demand will continue to grow. Put simply, as the world economy expands, more energy will be needed to fuel the higher levels of activity and living standards. The growth in energy will be curbed by faster gains in energy efficiency. And there is of course considerable uncertainty as to exactly how quickly global GDP will grow. Even so, it seems clear that significantly more energy will be required over the next twenty years to enable the world economy to grow and prosper...
The MexCC gives a warm welcome to it's new member: Marion Friedmann Gallery Marion Friedmann is an art researcher, collector, consultant and curator.
Based in London, but operating in a pop-up system, the gallery represents work of emerging and established designers with a specific attention on design talent from Latin American countries.
Financial Times Mexico grabs top spot for Latam private equity June 7, 2016
Mexico has for the first time overtaken Brazil as the most popular destination for private equity in Latin America.
The development is a sign of how the country’s nascent reformist mindset is leaving some of its more hidebound neighbours in the shade, as well as illustrating Brazil’s fall from grace in the wake of the commodity price bust and an all-encompassing corruption scandal...
The Pioneering Spirit, a catamaran the length of five jumbo jets, will next year sidle up to Royal Dutch Shell’s Brent Delta oil platform in the North Sea, 115 miles north-east of the Shetland Islands.
Its hulls will manoeuvre either side of the platform’s legs and it will grip on with 16 specially reinforced beams. Then in a single motion, it will lift the 24,000-tonne “topside†of the platform...
British firm aims to open immigration detention center near US-Mexico border June 9, 2016
The British security firm Serco has moved a step closer to entering the controversial but lucrative immigration detention market in the US, as the company successfully lobbied public officials in a small Texas county near the Mexico border to propose that the federal government open...
Financial Times
Family businesses need youth on their side June 9, 2016
For Alan Hughes, securing repeat sales for his family business is tough. The Whitechapel Bell Foundry, whose bells are installed everywhere from Big Ben in London to the National Cathedral in Washington DC, has a problem with the product’s durability. Mr Hughes points to the two bells at Westminster Abbey, which the company cast in the 16th century. “They’re rung at least once a day and there’s nothing ....
ON JUNE 5th voters in 12 Mexican states unexpectedly gave the Institutional Revolutionary Party (PRI) of President Enrique Peña Nieto a good kicking. In elections for governors, by a preliminary count, the PRI lost seven states to the conservative National Action Party (PAN). In four of those states, the PRI had never before lost power. “After 86 years in which they governed Veracruz, we beat...
Financial Times
Why is America so alarmed by the EU referendum? June 12, 2016.
Why is America so alarmed by Brexit? Lest the reader be in doubt, remind yourself of this. Never before has a sitting US president visited a fellow democracy in a bid to sway an election. Nor, until now, have 13 former US secretaries of state and defence risked addressing...
Bloomberg
Statoil May Consider Pemex Partnerships in Deep Waters, VP Says June 13, 2016.
Statoil ASA may seek to partner with Petroleos Mexicanos in Mexico’s deepwater fields as the producer looks to gain a foothold in the country’s recently opened energy market.
“We see opportunities to bid on deepwater farm-out agreements with Pemex if the terms and conditions are right," said Tore Loseth, vice president of Statoil Exploration in the U.S. and Mexico...
Reuters
Boule Diagnostics wins new big tenders in Mexico June 13, 2016.
Boule Diagnostics AB has won a significant share of public tenders for a total of 329 hematology systems in Mexico in partnership with its Mexican distributors. The instruments will be delivered at the end of the second quarter and beginning of third quarter 2016. Some smaller follow-up orders are expected during the third quarter. The purchasing organisations have been IMSS...
