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 →
Editor’s Note: This post, originally published November 9, has been updated with new information.
The Energy Ministry announced on Monday the third bidding round for hydrocarbons in Mexico. The R02-L03 will encompass 14 contracting onshore areas, of which 10 correspond to oil fields and four to natural gas fields.
The fields go from […]Continue Reading →
General Electric Co. and Baker Hughes Inc. announced this Monday a merger that combines GE’s oil & gas technological expertise with Baker Hughes’ oilfield services.
This new company will have a 62.5 percent shareholding from GE and 37.5 from Baker Hughes, with a combined investment of US$32 billion. This operation expects revenues of US$1.6 billion […]Continue Reading →
For the 10th time, the National Hydrocarbon Commission (CNH) modified the bidding basis of Trion’s farm out, allowing participants one extra week to analyze the joint venture contract.
The International Energy Agency (IEA) released its report on Mexico’s outlook, highlighting the benefits of the Energy Reform and saying the country could more than […]Continue Reading →
On September 29, the Mexican Association of Hydrocarbon Companies (AMEXHI) announced that Alberto de la Fuente, President and Director General of Shell México, was unanimously elected as President of the association for the 2016-2018 term.
In an excerpt from an exclusive interview with El Financiero Review, Alberto de la Fuente, President and Director General of […]Continue Reading →
Malaysia’s oil & gas services provider giant SapuraKencana is in the process of building a US$113 million 18km gas pipeline to connect platforms E-KU-A2 and CA-AJ-1(J4) of the Ku-Maloop-Zaap (KMZ) heavy oil crude field in Mexico’s Campeche Sound.
The contract, awarded in July to the company by Mexico’s state-owned oil firm PEMEX, was obtained through […]Continue Reading →