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 →
On Sept. 28, the Ministry of Energy, the Ministry of Finance and the CNH announced the bidding bases and contract models for the first call for entries of Round 3.
Round 3.1 will include 35 contractual exploration and extraction areas in the shallow waters of the Gulf of Mexico, totaling 26,265km2 and an estimated 1,988 […]Continue Reading →
Veracruz’s Chamber of Commerce held a Fracking and Renewable Energy Forum on Sept. 24 to discuss the controversial method of hydrocarbon’s extraction.
Mexican oilfield services company Oro Negro filed for insolvency protection to gain time and protection against creditors as it restructures its US$961 million debt.
According to PEMEX, […]Continue Reading →
Vista Oil & Gas announced through its official website the conclusion of its first ever Initial Public Offering (IPO) in the Mexican Stock Exchange, to the amount of US$5.8 billion. The IPO is meant to triple the company’s current market share value in the next five years.
PEMEX is looking for […]Continue Reading →
PEMEX is racing against time to further open up the use of its pipelines and storage infrastructure for the private sector, before the nationwide liberalization of gasoline prices set for Nov. 30, 2017. To that end, CRE is preparing a capacity cession project for private players, readily available in COFEMER. […]Continue Reading →
Mexico’s licensing rounds, spearhead of the country’s Energy Reform, provided new life for the oil and gas industries’ upstream and midstream sectors. What of the downstream sector? PEMEX’s role remains preponderant, yet there is confusion about its involvement with this segment in the coming years, as the reform crystallizes and a wide array of […]Continue Reading →