PEMEX is preparing 40 new farmouts which will be divided into 7 clusters of smaller blocks, according to new PEMEX CEO, Carlos Treviño, Tuesday Nov. 4.
Thursday Dec. 7, CNH cancelled the Nobilis-Maximino farmout, planned for Jan. 31, due to lack of interest from potential bidders.
Mexico’s oil exports to […]Continue Reading →
Carlos Alberto Treviño Medina, was promoted to the position of CEO of PEMEX after his predecessor Jose Antonio González Anaya was appointed to the cabinet of President Enrique Peña Nieto as Minister of Finance.
Newly appointed PEMEX CEO, Carlos Alberto Treviño Medina, declared the company’s intention to fight for […]Continue Reading →
Carlos Alberto Treviño Medina will be the new CEO of PEMEX as previous CEO José Antonio Anaya is shifted to the Ministry of Finance in a cabinet reshuffle by the Peña Nieto administration. Anaya’s move is to fill the gap left by José Antonio Meade who is leaving the Ministry of Finance and is pre-candidate […]Continue Reading →
As the fifth round of negotiations of the North American Free Trade Agreement (NAFTA) starts on Friday, energy has remained out of the limelight.
The strategic tendency to see North America as one self-sufficient, integrated, energy producing area is generally prevalent within the three governments and the energy sector. The United States […]Continue Reading →
Chairman of the Board of Renaissance Oil, Ian Telfer, stated to Reuters on Wednesday, Nov. 8, that the company has plans for aggressive expansion in Mexico, potentially reaching 30 exploration blocks in the next five years.
According to industry insiders BP participated in Mexico’s 2018 oil hedge on which the government spent […]Continue Reading →
On Nov. 3, 2017, Mexican president Enrique Peña Nieto announced the PEMEX’ “biggest onshore discovery in the last fifteen years.” The light-oil discovery was made in the Veracruz basin, 40 kms northeast of Cosamaloapan, Veracruz. This discovery represents 1,500 million bcoe while the field’s estimated reserves are 350 million bcoe.
According to analysts […]Continue Reading →