As of January 16, 13 companies have initiated the prequalification process for Round 2.1, the shallow water exploration and extraction contract auction process that Mexico’s National Hydrocarbons Commission (CNH) intends to award in June 19 of this year. According to CNH’s website, the companies are:
The auction, originally planned for March 22, […]Continue Reading →
Mexico’s state-owned oil company PEMEX cut direct awarding practices, long blamed for inefficiencies in the firm’s performance, to 30 percent in 2016 from 80 percent the year before as it puts to work deep changes in its procurement function such as the new Electronic Awarding System and the adoption of best international practices under Director […]Continue Reading →
Editor’s Note: This post, originally published November 9, has been updated with new information.
The Energy Ministry announced on Monday the third bidding round for hydrocarbons in Mexico. The R02-L03 will encompass 14 contracting onshore areas, of which 10 correspond to oil fields and four to natural gas fields.
The fields go from […]Continue Reading →
From Nov. 7 to 11 a German Trade Delegation of oil & gas technology and services providers will be welcomed by the German Chamber of Commerce in Mexico (CAMEXA), with the objective of strengthening the relation between the most relevant German companies and players and evaluate bilateral collaboration in the oil & gas industry. […]Continue Reading →
General Electric Co. and Baker Hughes Inc. announced this Monday a merger that combines GE’s oil & gas technological expertise with Baker Hughes’ oilfield services.
This new company will have a 62.5 percent shareholding from GE and 37.5 from Baker Hughes, with a combined investment of US$32 billion. This operation expects revenues of US$1.6 billion […]Continue Reading →
For the 10th time, the National Hydrocarbon Commission (CNH) modified the bidding basis of Trion’s farm out, allowing participants one extra week to analyze the joint venture contract.
The International Energy Agency (IEA) released its report on Mexico’s outlook, highlighting the benefits of the Energy Reform and saying the country could more than […]Continue Reading →