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 […]Continue Reading →
Carlos Alberto Treviño Medina, was promoted to the position of CEO of PEMEX after his predecessor Jose Antonio González Anaya was appointed to the cabinet of President Enrique Peña Nieto as Minister of Finance.
Newly appointed PEMEX CEO, Carlos Alberto Treviño Medina, declared the company’s intention to fight for […]Continue Reading →
Today, Nov. 7, Round 1.3 block winner Canamex Energy Holdings, which is a consortium between Canamex Dutch, Perfolat de México and American Oil Tools, was given permission by the CNH to decline its E&P contract in their awarded block called Moloacán, located in Veracruz. The operator cited its high and “unviable” additional royalty of 85.69 […]Continue Reading →
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 […]Continue Reading →
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 →
Mexico launched this week the auction process for the 12 blocks included on Round 2.2 of the country’s opening of its oil and gas industry, including nine in the northern Cuenca de Burgos area with prospective gas resources and three in the southern Cuenca del Sureste across the states of Chiapas and Tabasco, with both […]Continue Reading →