Mexico is set to receive a windfall of US$2.9 billion from its oil hedges for 2016, according to data from an International Monetary Fund report. A second year of plummeting crude prices mean the put option the country invested in will pay off again.
In the past decade, Mexico has averaged almost US$1 billion a […]Continue Reading →
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 →
From Nov. 7 to 11 a German Trade Delegation of oil & gas technology and services providers will be welcomed by the German Chamber of Commerce in Mexico (CAMEXA), with the objective of strengthening the relation between the most relevant German companies and players and evaluate bilateral collaboration in the oil & gas industry. […]Continue Reading →
Mexico’s Energy Reform achieved a milestone this week as Argentina-based Pan American Energy (PAE) started drilling in the Hokchi-2 well on Sunday, the first time a non-PEMEX operator has ever drilled in Mexican waters.
Richard Spies, PAE’s Chief Executive, said that operations in the Tabasco-based block commenced at 1.30am local time on Oct. […]Continue Reading →