Mexico’s presidential elections will take place next Sunday, July 1st. This will mark the culmination of a campaign period characterized by negative rhetoric, large rallies, and a significant level of expenditure, particularly on television advertising, increasing the importance of image over substance and proposals. However, up until the last days of campaigning, Mexico’s energy sector, […]Continue Reading →
More details have been revealed by Pemex regarding the 2nd round of ISCs awarded earlier this week. Pemex reported that 31 companies participated in the bidding process. In the end, the NOC received 28 offers and awarded 4 contracts to the companies that offered the best price and investment conditions.
Pemex explained that the […]Continue Reading →
Pemex today awarded four of the six integrated service contracts on offer in its second round, voiding the two that for many were the most interesting – Atún and Arenque, the two shallow water offshore fields that were on offer.
Of the remaining onshore areas, Schlumberger and Petrofac were awarded Pánuco, the largest of the […]Continue Reading →
In a major blow to Pemex, on May 18th the CNH issued a report that rejected the NOC’s development plan for its Lakach project, citing both technical and financial issues with the project. Lakach is one of Pemex’s largest discoveries in the last five years, adding 268.5 million barrels of oil equivalent (boe) to […]Continue Reading →
On Wednesday this week, Pemex announced the 16 companies pre-qualified to participate in the NOC’s second round of integrated service contracts. The list of companies includes major oil corporations such as Chevron, Schlumberger, Halliburton and Baker Hughes. Vitol, Tecpetrol, Pico Oil, Dragados/ATP Oil, Industrial Perforadora de Campeche, Monclova Pirineos Gas, Diavaz/Weatherford, Perfolat/Servicios […]Continue Reading →
Earlier this year, Pemex launched the second round of integrated service contracts for four onshore and two offshore blocks in the Tampico basin region. As opposed to the first contracts that were awarded, the bidding event for this second round of contracts, which is scheduled to take place this month, has garnered the attention of […]Continue Reading →