The upcoming change in administration will present many challenges, as well as opportunities for Pemex. Many people ask themselves whether a new PRI government will mean the continuity of current energy policies, the recycling of old ones, or a step-forward from the current state of the Mexican oil and gas industry. Although the [...]Continue Reading →
Earlier this week, Fortune Magazine published its list of the global top 500 companies for 2012. Pemex ranked 34, the highest of any Mexican company on the list. State-owned electric company CFE (Comisión Federal de Electricidad) and América Movil, owned by Mexico’s telecommunications tycoon, Carlos Slim, were the only other two Mexican companies [...]Continue Reading →
The news of a gas find in the Gulf of Mexico, where Pemex has begun its ultra-deepwater drilling, almost went unnoticed earlier this week, largely overshadowed by the election results. According to Pemex, the Catemaco Folded Belt’s oil potential was confirmed by the wet gas found in five reservoirs at the Kunah-1 well in [...]Continue Reading →
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 →