PEMEX had a mixed outing this past week, announcing Q1 losses while also finishing the purchase of gas tankers that will dramatically lift the country’s fuel transport capacity. Meanwhile, President Andrés Manuel López Obrador told the country that the long-awaited announcement for the project management of the Dos Bocas refinery will be announced next week.
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After filing for insolvency in Sept. 2018, Oro Negro’s creditors attempted to take over five oil platforms. Mexico’s private sector defended industry’s regulators, CRE and CNH against a parliamentary initiative to integrate both commissions to the Ministry of Energy. Meanwhile, IEA adjusts Venezuela crude oil production on the low end and ExxonMobil and Shell […]Continue Reading →
Mexico witnessed the first signing of a preliminary unitization agreement in its entire oil and gas history, as it is laying the groundwork to boost crude oil and natural gas production. Meanwhile, Egypt, Venezuela and Saudi Arabia are stepping on the gas pedal to increase their respective drilling activities.
Ready to strike oil? […]Continue Reading →
Between successful project conclusions, natural gas storage facilities in the pipeline and a counter-monopolistic investigation, Mexico’s natural gas market had contrasting news last week. Meanwhile, US Treasury Secretary Steven Mnuchin dented IOCs’ stock market value, while ExxonMobil is facing business difficulties and OPEP members agreed to increase crude oil production.
Ready to drill […]Continue Reading →
Shells makes a new discovery in the GoM, Hokchi Energy sets the bar high for private operators and Jaguar E&P and Vista Oil & Gas sign the first private farmout in Mexico’s history. Meanwhile, PEMEX snaps out from a hefty fine and CNH takes another step in raising the interest in IOR and EOR […]Continue Reading →
PEMEX joins forces with private players
The Mexican productive enterprise of the state dominated shallow waters’ Round 3.1, winning seven contract areas. Six contract areas were awarded with consortiums and one as lone player. For a detailed analysis of Round 3.1, click here.
Alfa to close close partial […]Continue Reading →