On September 6th Mexico’s Ministry of Finance released the minimum royalty values for companies participating in Round One’s last oil tender, as well as the economic conditions for the Trion farm-out. Both announcements have been highly anticipated by the operators expecting to enter the deep-water market in Mexico.
Regarding the deepwater oil tender, the Ministry […]Continue Reading →
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 →
The beginning of a new era is approaching Saudi Arabia as it officially presents its “Vision 2030”, a plan for a post-oil economy. It will dedicate a whopping US$2 trillion toward a Public Investment Fund, which will be the largest sovereign wealth fund in the world and will help the country […]Continue Reading →
Early in the morning of 29 February 2016, José Antonio González Anaya, PEMEX’s Director General voiced a message to investors in the Mexican oil and gas industry, delineating PEMEX’s new Adjustment Program. He began by placing this seemingly drastic measure into a global context of low oil prices, highlighting the fact […]Continue Reading →
Although the rumors have been around for a few days now, just a few minutes ago, it was made official: Emilio Lozoya Austin renounced his position as Director General of PEMEX. José Antonio González Anaya, now the former Director General of the Mexican Institute of Social Security (IMSS) will be replacing Lozoya as head of […]Continue Reading →
As taboo as this idea may be, analysts and professionals from the oil and gas industry would be lying if they said it had never popped into their head that maybe the solution to PEMEX’s problems would be to privatize the company and float some of its shares. The NOC is crumbling in debt, with […]Continue Reading →