The second, third and fourth farm-outs for PEMEX E&P to partner-up on the exploration and production activities for the Ayín-Batsil, Cárdenas-Mora and Ogarrio fields, held today, resulted in two winning bids, although Ayín Batsil was left deserted. Cheiron Holding Limited won the Cárdenas-Mora farm-out while Ogarrio went to DEA Deutsche Erdoel A.G.

THE PROCESS

For […]

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Ready for Round 3?

On October 2, 2017 By

On Sept. 28, the Ministry of Energy, the Ministry of Finance and the CNH announced the bidding bases and contract models for the first call for entries of Round 3.

Round 3.1 will include 35 contractual exploration and extraction areas in the shallow waters of the Gulf of Mexico, totaling 26,265km2 and an estimated 1,988 […]

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Mexico

Veracruz’s Chamber of Commerce held a Fracking and Renewable Energy Forum on Sept. 24 to discuss the controversial method of hydrocarbon’s extraction.

 

Mexican oilfield services company Oro Negro filed for insolvency protection to gain time and protection against creditors as it restructures its US$961 million debt.

 

According to PEMEX, […]

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Mexico

Vista Oil & Gas announced through its official website the conclusion of its first ever Initial Public Offering (IPO) in the Mexican Stock Exchange, to the amount of US$5.8 billion. The IPO is meant to triple the company’s current market share value in the next five years.

 

PEMEX is looking for […]

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National

PEMEX is racing against time to further open up the use of its pipelines and storage infrastructure for the private sector, before the nationwide liberalization of gasoline prices set for Nov. 30, 2017. To that end, CRE is preparing a capacity cession project for private players, readily available in COFEMER. […]

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National

PEMEX has more competition in the fuel retail business with the recent opening of Shell and Chevron’s fuel stations during the week, there are 21 other brands with 50 new stations.

CNH has published the official list of companies interested in participating in the following farm-outs with PEMEX. Next September 26 […]

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