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 →
Carlos Alberto Treviño Medina, was promoted to the position of CEO of PEMEX after his predecessor Jose Antonio González Anaya was appointed to the cabinet of President Enrique Peña Nieto as Minister of Finance.
Newly appointed PEMEX CEO, Carlos Alberto Treviño Medina, declared the company’s intention to fight for […]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 →
This afternoon, 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, and represents 1,500 million bcoe while the field’s estimated reserves 3P are 350 million bcoe.
The Ixachi-1 well […]Continue Reading →