In December 2015, it was announced by Mexico’s National Hydrocarbons Commission (CNH) that the 5th phase of Round One auctioning unconventional and shale reserves would go ahead. With an estimated 545 Tcf of shale gas reserves, several trillion cubic feet of conventional reserves, and an ever-growing number of natural gas exports from the US through […]Continue Reading →
Never say never, but unfortunately, things are not looking bright for the oil prices this year. Understanding the drop is essential to predicting future developments, and the nature of it pretty much boils down to the simple laws of supply and demand, athough the impact of a strenghtening US dollar and a reduction in investment […]Continue Reading →
After months of waiting, the Ministry of Energy (SENER) finally announced the deepwater blocks that would be tendered in Round One’s phase four, the crown jewel of the reform. To the surprise of industry experts, the ten blocks on offer are very different to those originally planned by the authorities earlier this year. They are […]Continue Reading →
The date for Round One L-04 has yet to be disclosed, but so do the industry’s new standards, a change that has deepwater companies gripped to their seats, whether already in Mexico or planning to enter the country. In light of this, we are sharing an excerpt from Mexico Oil and Gas Review 2015 which gives […]Continue Reading →
Oil and gas extraction is a male-dominated industry, not only in Mexico, but all over the world. According to the US Bureau of Labor Statistics, only 17.9% of those employed in the industry are female, and 12.8% are of Hispanic or Latino origins. In this way, Angelica Garcia-Dunn, President and Founder of AIM Global […]Continue Reading →
Has the deepwater sector irreparably sunk?
A day before Halloween, major international companies announced some spooky news. After 17 months of dropping oil prices with no end in sight, they are turning away from the costly, high-risk megaprojects that were previously claimed as the future of the industry. US oil producers are switching to […]Continue Reading →