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 →
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 →
Juan Carlos Zepeda, president commissioner of CNH, announced a third bidding round dedicated to conventional onshore resources during an industry event Thursday Oct. 19. The terms of this onshore bidding round will be established this year or early in 2018, said Zepeda to Reuters, and contracts will probably be signed during the summer of 2018.
Pemex’ Salina Cruz refinery continued its suspension of activities after the earthquake of Sept. 7, according to the NOC. In order to guarantee safety at the plant two new turbo generators are to be integrated to the plant. The Salina Cruz refinery has a capacity to process 330,000 barrels of crude per day.
Fishermen […]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 →
PEMEX is racing against time to further open up the use of its pipelines and storage infrastructure for the private sector, before the nationwide liberalization of gasoline prices set for Nov. 30, 2017. To that end, CRE is preparing a capacity cession project for private players, readily available in COFEMER. […]Continue Reading →