Oil and Natural Gas Corporation’s (ONGC) - overseas arm - ONGC Videsh (OVL) and Pemex-Exploracion Y Produccion (PEP), the upstream subsidiary of Pemex, the National Oil Company of Mexico, have entered into a Memorandum of Understanding and Cooperation (MOU) on September 25, 2014 to cooperate in the hydrocarbon sector in Mexico.
Under the MOU, the two companies plan to discuss future cooperation and collaboration in the upstream sector in Mexico. The MOU also envisages cooperation in the fields of technology, human resources, research & development.
Mexico is the largest crude oil producing country in Latin America. It has excellent potential for both conventional and unconventional hydrocarbon. As a result of recent Energy Reforms in the country, the oil and gas sector is being opened for participation by foreign firms.
| Company Name | CMP |
|---|---|
| ONGC | 283.05 |
| Oil India | 465.35 |
| Jindal Drilling&Inds | 535.35 |
| Deep Industries | 471.50 |
| Asian Energy Service | 312.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: