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Mexico’s state-owned oil company PEMEX’s requested and was denied a request to migrate its huge Ku-Maloob-Zaap asset to a single Exploration and Extraction Contract without a partner, in a move that could have lowered the tax burden attached to the Gulf of Mexico field, media reports said.

The proposal, presented to CNH by SENER, was […]

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Mexico’s energy, safety and environmental regulator ASEA has published a long-awaited framework for industrial, operational and environment safety in the exploration and extraction of hydrocarbons, the state agency said in a press release on Wednesday.

“These are cutting edge, robust and consistent rules, formed on the principle of risk-based regulation” [MA1] said Carlos de Regules, ASEA’s Executive […]

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Global News

 

OPEC continue tense talks

OPEC officials are trying to salvage a deal to limit oil production before they meet officially on Nov 30. Tensions are growing between the group and Russia, who has agreed to freeze rather than lower production, while doubts abound over Iran and Iraq’s openness to any cuts.

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Following the results of the US election, the markets have reacted in different ways and ripple effects are expected across several industries globally. As Mexico continues to roll out its 2013 Energy Reform, questions about how the US’ political direction will affect Mexico’s opening oil and gas market abound.

The Mexican Peso

The Mexican […]

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The terms of December’s Trion farm-out have been loosened for a second time in recent months after Mexico’s oil exploration and extraction regulator CNH ruled on Oct. 15 that companies qualified as operators can bid individually in the tender.

Previous terms required them to bid in groups.

This could lead to a single operator winning […]

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Malaysia’s oil & gas services provider giant SapuraKencana is in the process of building a US$113 million 18km gas pipeline to connect platforms E-KU-A2 and CA-AJ-1(J4) of the Ku-Maloop-Zaap (KMZ) heavy oil crude field in Mexico’s Campeche Sound.

The contract, awarded in July to the company by Mexico’s state-owned oil firm PEMEX,  was obtained through […]

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