Pemex’ Salina Cruz refinery continued its suspension of activities after the earthquake of Sept. 7, according to the NOC. In order to guarantee safety at the plant two new turbo generators are to be integrated to the plant. The Salina Cruz refinery has a capacity to process 330,000 barrels of crude per day.
Fishermen […]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 →
A new milestone has been accomplished in the Mexican oil and gas industry with the inclusion of the first public company, with the purpose of acquiring O&G assets, on the Mexican Stock Market (BMV). Vista Oil& Gas raised 30 percent more capital than expected, making it the fourth-largest IPO in the history of […]Continue Reading →
Sierra Oil & Gas expects to begin producing first oil at its Zama-1 well in about four years, Iván Sandrea, the company’s CEO told the Mexico Oil & Gas Summit 2017. Presenting the opening keynote presentation, The Saga of Zama, in Mexico on Wednesday, the head of the first private player to strike oil […]Continue Reading →