Last week was the bearer of bad news for the oil and gas sector. CNH’s President Commissioner, Juan Carlos Zepeda, announced its early resignation six months prior to the end of his mandate. Moreover, the country’s private sector is alarmed over alleged natural gas supply contract cancellations scheduled for January 2019. Meanwhile, the US’ […]Continue Reading →
Last week brought good news to Mexico’s LNG business as IEnova signed a preliminary agreement with Mitsui, Total and Tokyo Gas to export LNG to global markets. Meanwhile, CFE and PEMEX are called to become the main players of Mexico’s upcoming carbon market and refining and fracking are boosting the global oil and gas […]Continue Reading →
Last week, CNH approved stock ownership transfers from the Talos Energy, Sierra Oil & Gas and Premier Oil consortium to the benefit of Hokchi Energy and approved the exploration plans for the joint production contract between PEMEX and DEA Deutsche Erdoel. Meanwhile, the US is planning to waive eight countries to be allowed to […]Continue Reading →
July saw the election of Mexico’s next President, Andrés Manuel López Obrador, who is losing no time in drafting Mexico’s oil and gas future. Meanwhile, Equinor advances in its Troll development and Ecopetrol strikes oil.
Ready to fuel up? Here’s your weekly news roundup:
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June closed with positive news for Mexico’s oil and gas industry, from pipelines nearing completion to high volume discoveries and CNH’s licensing round blocks as investment magnets for the country. Meanwhile, Petrobras and Ecopetrol are capitalizing on their respective oil and gas opportunities, while Saudi Aramco is sitting on 2MMb/d of idle capacity.
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As the effects of the continuous implementation of the Energy Reform continue to be felt throughout the Mexican oil and gas industry, it becomes important for Mexico to define the role that it wants to play within its international energy paradigm. However, in order to answer this question one must first […]