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 →
Pemex ended the third quarter of 2017 in the red numbers, losing US$5.3 billion. Losses were attributed to the disruption of production and refining due to hurricanes Harvey and Katia, as well as Mexico’s two September earthquakes.
Italian IOC ENI announced that it might dilute its participation in the Mexican oil production by 40% […]Continue Reading →
Production of Mexican crude oil reached a record low in September with 1.73 million barrels produced per day, over the course of the month. The last time production was this low was 37 years ago. PEMEX director, González Anaya, blamed the low production data on platform closing during hurricane Harvey and the slow implementation […]Continue Reading →
To commemorate the 77th anniversary of the Mexican oil expropriation, President Enrique Peña Nieto gathered government and PEMEX dignitaries to celebrate in Dos Bocas, Tabasco. He was accompanied by PEMEX CEO, Emilio Lozoya Austin, and the Minister of Energy, Pedro Joaquín Coldwell, along with the Ministers of National Defense, Education, and Environment and Natural Resources, […]Continue Reading →
As part of the 28th Mexican Congress of the Construction Industry on March 12, 2015, the Mexican Minister of Finance and Public Credit Luis Videgaray Caso delivered a wide-ranging speech, providing his expert perspective on Mexico’s economic situation. In this context, Videgaray made a particular note of the importance of the oil and gas sector to the […]Continue Reading →
The last quarter of the year seems to evidence the exhaustion of a PEMEX model that no longer holds itself, no matter which angle it is looked at. The fact that the price of Mexican crude oil has dropped below the barrier of US$50 per barrel is just another factor of concern for the […]Continue Reading →