The stage is set for Akron to rebrand 600 service stations in the Bajio region. The fuel additives company is also planning the construction of a storage terminal in Lagos de Moreno, Jalisco, with a capacity of 25,000 barrels. Akron’s decision stems in decreasing logistics costs as Mexico’s northern region charges […]Continue Reading →
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 →
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 →
Last week, Oct. 12, the OECD emitted 17 key recommendations to improve the regulatory framework of Mexico’s energy sector. These recommendations were directed towards the operation of the three Mexican regulatory agencies in the energy sector; the National Hydrocarbons Commission (CNH), the Energy Regulatory Commission (CRE) and the Agency for Safety, Energy and the Environment […]Continue Reading →
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 […]Continue Reading →
The Exploration and Production Bidding Rounds have been a success for CNH and Mexico, Héctor Moreira, Commissioner of CNH, told the Mexico Oil & Gas Summit 2017. “The results of Round 2.3 have without a doubt showed the great interest that international investors have in Mexican soil,” he told the audience in his closing presentation […]