The sudden and severe drop in global oil prices has led to difficulties for a vast majority of oil companies, and PEMEX is far from being spared from disaster. Production at the parastatal is at its lowest level in six years, and adding to its intrinsic challenges comes a decline in drilling activities.
In 2014, […]Continue Reading →
This an excerpt from Mexico Oil and Gas Review 2015 which gives insight into PEMEX E&P’s plans and expectations for 2016. If you would like to get complete information and other relevant insights regarding the Mexican hydrocarbon industry, get your copy of Mexico Oil and Gas Review 2015.
Exclusive interview with Gustavo Hernandez, Director General of PEMEX […]Continue Reading →
PEMEX has just declared its intentions to return a number of previously granted operative fields to the Ministry of Energy (SENER), arguing a lack of resources to operate them. This includes 95 fields that were allocated to the NOC without having been requested and an unknown number of fields that were solicited in the Round Zero application. According to […]Continue Reading →
On Monday evening, Edgar Rangel Germán, Commissioner of CNH, posted on his Twitter account about CNH’s efforts to set a trend in Enhanced and Improved Oil Recovery, colloquially known as EOR and IOR.
Both methods involve any process, or combination of processes, that are applied to economically increase the volume of oil recovered from the […]Continue Reading →
Note: It is our pleasure to invite you to attend the Mexico Oil & Gas Summit on Wednesday 22nd July, 2015, taking place one week after the announcement of the winners of the shallow water exploration phase of Round One. As the premier event of the Mexican oil and gas calendar, the Mexico Oil & […]Continue Reading →
The federal government’s decision to cut its public expenditure for 2015 by 2.65%, or MX$124 billion, would not be a major problem if half that cut did not come out of the budget of the national oil company, PEMEX. This amount represents 10.4% of the MX$594.6 billion total expenditure PEMEX […]Continue Reading →