From the monthly archives: October 2018

After filing for insolvency in Sept. 2018, Oro Negro’s creditors attempted to take over five oil platforms. Mexico’s private sector defended industry’s regulators, CRE and CNH against a parliamentary initiative to integrate both commissions to the Ministry of Energy. Meanwhile, IEA adjusts Venezuela crude oil production on the low end and ExxonMobil and Shell […]

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MORENA’s legislative body is looking to install CRE and CNH under the Ministry of Energy, effectively endangering their technical, operative and administrative autonomy and President-elect López Obrador is conditioning future licensing rounds to the success of Mexico’s 107 already signed contracts. Meanwhile, ExxonMobil and Shell are betting on natural gas while the US is […]

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PEMEX announced a crude discovery equivalent to an additional 180 million boe and is importing gasoline from South Korea while fracking is defended by CCE, CNH and the Ministry of Energy. Meanwhile, IEA’s head, Fatih Birol, is expecting a complicated 4Q18 in terms of macroeconic growth due to rising crude oil prices and […]

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On Oct. 9, Carlos Treviño, Director General of PEMEX, announced important activity updates in six Mexican shallow waters fields. The fields are: Xikin and Esah, which are about to enter into production phase; Kinbe and Koban which are being delimited; and Manik and Mulach, where seven exciting plays were discovered. To see PEMEX’s press release […]

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In the week that Mexico, Canada and the US concluded negotiations for the new USMCA trade agreement, CNH advised an action plan to reach the next administration’s crude oil production targets, approved Talos Energy’s appraisal plan for Zama and authorized Jaguar E&P’s farmout with Vista Oil & Gas. Meanwhile, Argentina is poised to […]

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On October 3, Gulf Energy and Petroleum Economist hosted the Mexico Energy Strategy Forum 2018 directed to key players in the Mexican oil and gas industry eager to understand the best opportunities and challenges the market has to offer. During the event, both the Dutch Energy Association and Mexico Oil […]

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