Currently viewing the tag: "Mexico"

 

Mexico

PEMEX is preparing 40 new farmouts which will be divided into 7 clusters of smaller blocks, according to new PEMEX CEO, Carlos Treviño, Tuesday Nov. 4.

Thursday Dec. 7, CNH cancelled the Nobilis-Maximino farmout, planned for Jan. 31, due to lack of interest from potential bidders.

Mexico’s oil exports to […]

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Mexico

On Nov. 3, 2017, Mexican president Enrique Peña Nieto announced the PEMEX’ “biggest onshore discovery in the last fifteen years.” The light-oil discovery was made in the Veracruz basin, 40 kms northeast of Cosamaloapan, Veracruz. This discovery represents 1,500 million bcoe while the field’s estimated reserves are 350 million bcoe.

According to analysts […]

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Ready for Round 3?

On October 2, 2017 By

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 […]

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Mexico

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, […]

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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 […]

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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 […]

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