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 →
Reshaping the legal framework of Mexico’s constitution in energy terms was thought of as an impossible feat to attain. Nonetheless, in less than a year after the unprecedented Energy Reform’s proposal, the reality is now set to sink in sooner than later. The reform is expected to change paradigms that the country’s energy […]Continue Reading →
After delaying the announcement for a week, President Peña Nieto finally unveiled his energy reform proposal at 11:00am on August 12th, 2013. In a ceremonial act that took place at Los Pinos, the current administration gave a general outline on what the energy reform document submitted […]Continue Reading →
It has been over six months since the basement of Pemex Tower B2 was torn apart by a ball of fire that ended the life of thirty-seven people and injured over a hundred and twenty. What was once surrounded by mystery and speculation (the basement housed a part of Pemex’s archives) has now […]
by Pedro Alcalá
The Mexican oil and gas industry entered a new era in 2013. Under the leadership of a new President and a new CEO of Pemex, the industry will be building on the exploration and production success of 2012 and is preparing itself for the new opportunities that are expected to be opened up by the […]Continue Reading →