Prices of gas LP, commonly used for cooking and heating in Mexico, rose by up to 60 percent in the first 10 months of 2017 as distributors raised prices citing high international prices and complicated logistics.
The inconstancy of Mexico’s exports of Olmeca grade crude oil is sending clients to look […]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 →
Approximately 40 oil and gas executives gathered at the Four Seasons Hotel in Mexico City on Thursday, Nov. 9, as Mexico Business Publishing held its third oil and gas networking cocktail of the year sponsored by geophysical information company Geokinetics.
Speaker Oscar Roldán, head of the National Center for Hydrocarbons Information (CNIH), praised the geophysical […]Continue Reading →
Today, Nov. 7, Round 1.3 block winner Canamex Energy Holdings, which is a consortium between Canamex Dutch, Perfolat de México and American Oil Tools, was given permission by the CNH to decline its E&P contract in their awarded block called Moloacán, located in Veracruz. The operator cited its high and “unviable” additional royalty of 85.69 […]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 →