Pemex ended the third quarter of 2017 in the red numbers, losing US$5.3 billion. Losses were attributed to the disruption of production and refining due to hurricanes Harvey and Katia, as well as Mexico’s two September earthquakes.
Italian IOC ENI announced that it might dilute its participation in the Mexican oil production by 40% […]Continue Reading →
Production of Mexican crude oil reached a record low in September with 1.73 million barrels produced per day, over the course of the month. The last time production was this low was 37 years ago. PEMEX director, González Anaya, blamed the low production data on platform closing during hurricane Harvey and the slow implementation […]Continue Reading →
Juan Carlos Zepeda, president commissioner of CNH, announced a third bidding round dedicated to conventional onshore resources during an industry event Thursday Oct. 19. The terms of this onshore bidding round will be established this year or early in 2018, said Zepeda to Reuters, and contracts will probably be signed during the summer of 2018.
Mexico Oil & Gas Review’s fourth Networking Cocktail throughout 2017 took place last Oct. 18 and was dedicated to the Mexican Deepwater Progress. Guest speaker Adam Seitchik, Murphy Oil’s General Manager of Exploration and New Ventures for Mexico and US Gulf of Mexico, was attended by more than fifty representatives from the upstream, midstream and […]Continue Reading →
Last week, Oct. 12, the OECD emitted 17 key recommendations to improve the regulatory framework of Mexico’s energy sector. These recommendations were directed towards the operation of the three Mexican regulatory agencies in the energy sector; the National Hydrocarbons Commission (CNH), the Energy Regulatory Commission (CRE) and the Agency for Safety, Energy and the Environment […]Continue Reading →
Pemex’ Salina Cruz refinery continued its suspension of activities after the earthquake of Sept. 7, according to the NOC. In order to guarantee safety at the plant two new turbo generators are to be integrated to the plant. The Salina Cruz refinery has a capacity to process 330,000 barrels of crude per day.
Fishermen […]Continue Reading →