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 […]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 →
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.
Canadian company International Frontier (IFR) has announced that its Mexican partner Tonalli Energía identified higher than expected targets for the Tecolutla Block, which it won in the third phase of Mexico’s first licencing round.
The Canadian firm said in a press release on Monday that “significantly higher and thicker” areas of the onshore reservoir have […]Continue Reading →
Editor’s Note: This post, originally published November 9, has been updated with new information.
The Energy Ministry announced on Monday the third bidding round for hydrocarbons in Mexico. The R02-L03 will encompass 14 contracting onshore areas, of which 10 correspond to oil fields and four to natural gas fields.
The fields […]Continue Reading →
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 […]Continue Reading →