On Sept. 28, the Ministry of Energy, the Ministry of Finance and the CNH announced the bidding bases and contract models for the first call for entries of Round 3.
Round 3.1 will include 35 contractual exploration and extraction areas in the shallow waters of the Gulf of Mexico, totaling 26,265km2 and an estimated 1,988 […]Continue Reading →
Veracruz’s Chamber of Commerce held a Fracking and Renewable Energy Forum on Sept. 24 to discuss the controversial method of hydrocarbon’s extraction.
Mexican oilfield services company Oro Negro filed for insolvency protection to gain time and protection against creditors as it restructures its US$961 million debt.
According to PEMEX, […]Continue Reading →
In the wake of the NAFTA re-negotiations, especially the ones going around energy to take place from Friday 18 until Sunday 20, oil and gas associations AMEXHI, API and CAPP stated their support towards market-oriented politics that eliminate barriers, bring economic growth and create job opportunities. This vision is shared by main outlets such […]
by Arturo Mora
As US President Donald Trump locks in his ascension to power at Friday’s inauguration, analysts studying the outlook of Mexico’s oil and gas industry face a complex task. While the IMF predicts “US-related uncertainty” will sap Mexico’s economic growth in 2017, the country’s opening oil and gas sector is still celebrating the resounding success […]Continue Reading →
PEMEX imported diesel by train for the first time ever in January 2017, said the head of the NOC’s trading branch PMI Comercio Internacional, Isaac Volin. The development marks a milestone in Mexico’s opening energy industry, since the country previously received fuel imports by pipelines and seaports only.
Volin’s comments, made in a recent interview […]Continue Reading →
Mexico’s state-owned oil company PEMEX was denied a request to migrate its huge Ku-Maloob-Zaap asset to a single Exploration and Extraction Contract without a partner, in a move that could have lowered the tax burden attached to the Gulf of Mexico field, media reports said.
The proposal, presented to CNH by SENER, was found to […]Continue Reading →