With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be […]Continue Reading →
As US President Donald Trump locks in his ascension to power at Friday’s inauguration, analysts studying the outlook of Mexico’s oil and gas industry face a complex task. While the IMF predicts “US-related uncertainty” will sap Mexico’s economic growth in 2017, the country’s opening oil and gas sector is still celebrating the resounding […]Continue Reading →
As of January 16, 13 companies have initiated the prequalification process for Round 2.1, the shallow water exploration and extraction contract auction process that Mexico’s National Hydrocarbons Commission (CNH) intends to award in June 19 of this year. According to CNH’s website, the companies are:
The auction, originally planned for March 22, […]Continue Reading →
PEMEX imported diesel by train for the first time ever in January 2017, said the head of the NOC’s trading branch PMI Comercio Internacional, Isaac Volin. The development marks a milestone in Mexico’s opening energy industry, since the country previously received fuel imports by pipelines and seaports only.
Volin’s comments, made in a recent interview […]Continue Reading →
Mexico’s state-owned oil company PEMEX 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 found to […]Continue Reading →
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 […]Continue Reading →