Posts by: Tomás Sarmiento

Italy’s Eni reached a milestone for Mexico’s 2013 Energy Reform when it became the first international company since the industry’s liberalization to drill a well in the shallow waters of the Gulf of Mexico, “confirming the presence of oil in multiple reservoirs,” the company said in a press release.

The Amoca-2 well in Campeche Bay, […]

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The Organization of  the Petroleum Exporting Countries (OPEC), which controls about 40 percent of the world’s oil supply, surprised the market on Wednesday by agreeing to its first oil-production cut since 2008 in an effort to reduce a global supply glut and stop price erosion, sources told Bloomberg and Reuters.

News about the […]

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PEMEX will post its first primary surplus in years in 2017 as part of the company´s efforts to revamp itself after the Energy Reform, despite foreseeing a further drop in oil production from 2016 levels, the company’s Director General José Antonio González said on Thursday at the unveiling of PEMEX’s business plan to 2021.

The […]

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Mexican state-owned oil giant PEMEX said on Tuesday it found six oil fields in the Gulf of Mexico, among them two super-light crude deposits in the Cinturon Plegado Perdido deepwater area, as well as another four light crude deposits in shallow waters off the coast of Veracruz and Tabasco states.

The Nobilis-1 exploratory well, 220km […]

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Robert Gordon University in Scotland has been awarded funding for the creation of a program aimed at resolving the skills shortage in Mexico’s oil and gas industry.  The Aberdeen-based institute secured the resources from the British Embassy in Mexico through the UK government’s Prosperity Fund.

The initiative will contribute towards filling the estimated 135,000 jobs […]

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US-based oil giants Exxon Mobil Corp, Chevron Corp and Hess Corp will form a group to bid in Mexico’s deepwater round next December 5, according to a direct source cited by Bloomberg. The three companies will seek to win drilling rights for one of the 10 offshore blocks to be auctioned in R1-L04, the fourth […]

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