On March 21, 2018 Juan Carlos Zepeda, President Commissioner of CNH, highlighted the importance of allowing PEMEX to place a minority stake of the company on the Mexican stock exchange (BMV) through an Initial Public Offering (IPO) with the objective of rising capital and to give the company the financial strength it needs to […]Continue Reading →
The stage is set for Akron to rebrand 600 service stations in the Bajio region. The fuel additives company is also planning the construction of a storage terminal in Lagos de Moreno, Jalisco, with a capacity of 25,000 barrels. Akron’s decision stems in decreasing logistics costs as Mexico’s northern region charges […]Continue Reading →
By Manuel Cervantes, Managing Director at MCM Abogados
For the first time since the enactment of the Energy Reform, CNH authorized today the creation of collateral regarding the contractors’ working interest under three different hydrocarbons exploration and production contracts (two in onshore contractual areas of Round 1.3, and one in a deepwater project of Round […]Continue Reading →
PEMEX is seeking to form joint ventures with existing partners for two deepwater blocks which the NOC won in January 2018.
Talks are taking place between PEMEX and the consortium formed by Talos Energy, Premier Oil and Sierra Oil & Gas regarding the drilling of an appraisal well of the […]Continue Reading →
PEMEX announced that CEO Carlos Treviño would be meeting with investors in New York in the next week to promote the companies business plans and international focus.
PEMEX registered a US$19 billion loss in 4Q17 due to foreign exchange losses and higher financial costs.
Mexico has announced licensing round […]Continue Reading →
Mexico has finally launched the long-awaited Round 3.3, which contains the first unconventional fields to be licensed since the Energy Reform. The terms of the licensing procedure for nine unconventional blocks in Tamaulipas’ Burgos basin were published in the Official Federal Journal this Friday, March 2. Minister of Energy Pedro Joaquín Coldwell […]Continue Reading →