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 →
Low oil prices have forced companies to reinvent themselves and their capabilities, while trying to capitalize on every long and short-term opportunity the country offers, agreed panelists at the Mexico Oil and Gas Summit 2017 as they reflected on their supply-chain cost strategies for surviving depressed prices.
“In the past few years, the industry has […]Continue Reading →
Last Thursday McDermott International, Inc. started the construction of Abkatun-A2, the largest McDermott project for PEMEX regarding size and financial investment. Abkatun-A2 will replace the platform Abkatun-A, which was damaged in April 2015 during a fire and will be installed in Campeche at a 124 ft. depth. In a press release, McDermott stated this project […]Continue Reading →
Despite the seemingly never-ending drop in oil prices worldwide, Mexico’s first-ever licensing round is still a go, and its contenders for the first set of exploration areas in shallow water assets have already been invited to bid. Data room access for each of the interested parties should be made available by January 15th and each […]Continue Reading →