Carlos Murrieta Cummings was named the new Director of PEMEX’s subsidiary for Industrial Transformation on August 20th. Murrieta will start functions on September first, when he returns to the state-owned oil company after sixteen months of absence.
Murrieta resigned his position as Chief Operating Officer of PEMEX in April of 2015, allegedly to recover […]Continue Reading →
In the latest episode of the ongoing saga of the Energy Reform in Mexico, the National Hydrocarbons Commission (CNH) announced this morning the foundations for the second stage of Round One. In an extraordinary meeting, CNH Commissioners approved the bidding processes for nine hydrocarbon fields with 2P reserves, located north of the 14 blocks included […]Continue Reading →
The following is the third entry in a series of brief pieces focused on the speakers that will be participating in the Mexican Oil and Gas Summit on July 1st in the Sheraton Maria Isabel in Mexico City. For this entry, we will focus exclusively on an article written by Jose Pablo Rinkenbach for […]Continue Reading →
On March 18th 1938, Mexican president Lazaro Cardenas began the process of nationalizing all oil reserves, resources and facilities. Although this historic event is now perceived as an indispensable starting point for the modernization of post-revolutionary Mexico, it was at the time a culmination of over ten years of strikes and labor disputes between unyielding […]Continue Reading →
Last Wednesday, amidst the rumors about a new deepwater oil discovery, Pemex came out with an official announcement through the media: the ‘Exploratus-1’ well has struck oil – light crude, to be specific. After several reports leaked information on the oil discovery during Monday and Tuesday, Carlos Morales Gil, Director General at Pemex E&P came […]Continue Reading →
Last week, at the 2014 World Economic Forum Annual Meeting in Davos, Switzerland, Mexican President Enrique Peña Nieto and certain key members of his cabinet were kept busy by a series of treaties and cooperation agreements that Mexico signed with various states and companies. In total, Mexico managed to lock down over US$7.3 […]Continue Reading →