Over the weekend, the Institutional Revolutionary Party’s (PRI) national assembly gave President Enrique Peña Nieto the go-ahead to proceed with a new energy reform. The president has presented a powerful reform agenda to foster Mexico´s growth rate.
During Felipe Calderon´s administration, a similar attempt to make reforms to the laws governing the energy sector [...]Continue Reading →
One of the biggest conundrums that the Mexican oil industry poses for the expert analysts that follow it closely is the obligation that Pemex has to operate by itself. This has always presented an added challenge to all of the already existing technical and red tape obstacles that the company has to overcome on a [...]Continue Reading →
Jaws dropped; rumours confirmed; verification received: Pemex is doing a great job in deepwater exploration.
Five and a half weeks ago, people involved [...]Continue Reading →
In a ceremony held today at Los Pinos, the Mexican President’s official residence, President Felipe Calderón, along with Energy Minister Jordy Herrera and Pemex CEO Juan José Suárez Coppel, announced the discovery of light crude at Pemex’s Trión-1 well, in the Perdido folded belt. The announcement marks the end of Pemex’s unfulfilled search for [...]Continue Reading →
Last weekend, President Calderón used the occasion of the inauguration of the Bicentenario rig to make the announcement that Pemex had achieved its goal of bringing 1P reserve replacement above 100%, to 101.1% for 2011, saying at the time:
“We have achieved our aim proposed many years ago. This means Pemex’s production is now [...]Continue Reading →