With the first four stages of Round One out of the way, mid-2017 will see the initiation of the National Hydrocarbons Commission’s second leg of licensing rounds: Round 2.1, 2.2 and 2.3. The success of December’s deepwater round is still fresh and hopes are high for the onshore and shallow water rounds to be […]Continue Reading →
As US President Donald Trump locks in his ascension to power at Friday’s inauguration, analysts studying the outlook of Mexico’s oil and gas industry face a complex task. While the IMF predicts “US-related uncertainty” will sap Mexico’s economic growth in 2017, the country’s opening oil and gas sector is still celebrating the resounding […]Continue Reading →
Mexico’s state-owned oil company PEMEX 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 found to […]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 →
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 →
Following Schlumberger’s WesternGeco and ION’s announcement of a new 3D multiclient reimaging broadband program offshore Mexico, WesternGeco’s president, Maurice Nessim, announced a new partner on Thursday. The project will be joined by Malaysia’s national oil company Petroliam Nasional Berhad’s (PETRONAS) through its wholly-owned subsidiary, PETRONAS (E&P) Overseas Ventures Sdn Bhd, who will license a significant […]Continue Reading →