Tabasco, Tamaulipas, Campeche and Veracruz make up Mexico’s key oil and gas states due to their significant onshore and offshore resources. But at Mexico Oil & Gas Summit 2018 on Wednesday at the Sheraton Maria Isbabel hotel in Mexico City, Alejandra Bueno, CEO of R&I Solutions and Strategic Advisor to Access to Energy, said the […]
by Sara Warden
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →
It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]Continue Reading →
The bidding terms for the first blocks of Round One were presented yesterday in a ceremony that marked the starting point for oil exploration by local and international private companies in Mexico, something that was defined as an “unprecedented milestone in the history of the country“ by Pedro Joaquín Coldwell, Minister of Energy.
“Today […]Continue Reading →
The Mexican oil and gas industry entered a new era in 2013. Under the leadership of a new President and a new CEO of Pemex, the industry will be building on the exploration and production success of 2012 and is preparing itself for the new opportunities that are expected to be opened up by the […]Continue Reading →