PEMEX has spent $133.5 million on an oil hedging program in a bid to protect its balance sheet against possible falls in the price of crude oil, the company said in a press release on Tuesday. It marks the first time Mexico’s national oil company has invested in its own hedging program in over a […]Continue Reading →
GUEST BLOG: By Javier Ordaz (Associate) and David Enríquez (Partner), Goodrich, Riquelme y Asociados
One of the main purposes of Mexico’s Energy Reform is the creation of competitive markets for the energy sector. The natural gas industry in not out of this scope, hence the eagerness of the federal government to implement actions that will […]Continue Reading →
The cities of Villahermosa and Aberdeen signed a MOU this week around how the two “World Energy Cities” can work towards common goals, particularly in energy matters.
Councillor John Reynolds, the Depute Provost of Aberdeen, and Gerardo Gaudiano, the Mayor of Villahermosa in the southern Tabasco state, signed the agreement for three […]Continue Reading →
Mexican motorists will be able to fill their tanks at around 1,500 new BP fuel stations the British oil giant plans to roll out across the country over the next 5 years. It marks the first time a large international oil company will capitalize on Mexico’s liberalized gasoline market, which was previously closed to outside […]Continue Reading →
IHS Markit identifies Mexico’s Tampico-Misantla area as a potential “super basin” Onshore/shallow water area is “unexplored” and could hold 2.5 billion BOE in conventional resources Basin could contribute to offsetting Mexico’s declining production
Mexico’s Tampico-Misantla basin has been identified as a potential “global onshore super basin” in new research released by IHS Markit. […]Continue Reading →
PEMEX and the National Autonomous University of Mexico (UNAM) will reward oil and gas innovation with the creation of a prize covering the fields of physics, biology, chemical and health sciences, the state-owned oil company said this week.
The initiative “seeks to encourage Mexican students to undertake research to generate innovative solutions, permitting […]Continue Reading →