The France-based geoscience prospector CGG recently announced being awarded a large contract for an orthogonal wide-azimuth integrated solution for PEMEX. This solution will be used for subsalt seismic imaging optimization in the Perdido area. The survey will cover around 10,000 km2 in the Mexican deep-water area and is expected to enhance subsalt imaging results […]Continue Reading →
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →
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 […]Continue Reading →
On September 29, the Mexican Association of Hydrocarbon Companies (AMEXHI) announced that Alberto de la Fuente, President and Director General of Shell México, was unanimously elected as President of the association for the 2016-2018 term.
In an excerpt from an exclusive interview with El Financiero Review, Alberto de la Fuente, President and Director General of […]Continue Reading →
PEMEX sold US$4 billion in bonds and also carried out a debt swap for around US$1.6 billion in a bid to fortify the state-owned oil giant’s financial situation, the company said this week.
Of the resources obtained by the bond issuance, approximately US$1.5 billion was used to repurchase bonds due in 2018 and 2019, in […]Continue Reading →
During last week’s Energy Day 2016, hosted by the British Chamber of Commerce, a panel of experts discussed corruption and its effects on the Mexican oil and gas industry. As the energy market opens up due to the Energy Reform passed in 2013, anti-corruption and transparency efforts are a hot topic for potential investors and […]Continue Reading →