The last quarter of the year seems to evidence the exhaustion of a PEMEX model that no longer holds itself, no matter which angle it is looked at. The fact that the price of Mexican crude oil has dropped below the barrier of US$50 per barrel is just another factor of concern for the […]Continue Reading →
The bidding terms for the first blocks of Round One were presented yesterday in a ceremony that marked the starting point for oil exploration by local and international private companies in Mexico, something that was defined as an “unprecedented milestone in the history of the country“ by Pedro Joaquín Coldwell, Minister of Energy.
“Today […]Continue Reading →
Shock waves are going through the global oil and gas markets. Oil prices have received a substantial low-blow over the past month and today the WTI sits just under US$6 per barrel, the Brent is at US$69 and the Mexican crude oil basket hovers at US$59.
Evidenced in EIA’s Short-Term Energy Outlook published this past […]Continue Reading →
Change is on the horizon according to PEMEX’s latest news; a transformational step that aims to boost efficiency and maximize profitability. Its Administrative Council has just approved the company’s corporate restructuring this week enabling it to reach new markets and become what Emilio Lozoya calls a stronger and bolder PEMEX. Following this paradigm shift to […]Continue Reading →
Perhaps one of the most ambitious projects that PEMEX has announced is already fast-tracking its way into international headlines. As is already known, Lakach and its satellite gas giants Kunah and Piklis are Mexico’s new milestone in gas findings. Even though the country relies primarily on imports of natural gas, the possibility of tapping into […]Continue Reading →
Farm-outs, joint-ventures, and the fresh rendering of Mexico’s hydrocarbon sector backed by the Energy Reform have caught the attention of the international oil and gas industry, where the unprecedented changes in the country are a simmering reality that has kept the expectation at a constant high. Time is only ticking for the first set of […]Continue Reading →