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Oil and Gas associations stress the importance to protect the industry’s development in a document directed to the presidential candidates, CRE announce the relaunching of an open season for PEMEX and American oil giant Conoco Phillips corners the Venezuelan government by confiscating two cargo shipments.

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PEMEX wins seven contracts, while DEA Deutsche, CEPSA, Premier Oil and Total take three contracts each

 

 

The Process

 

 

Mexico’s NOC, PEMEX, walked away from Round 3.1 with seven contracts on Tuesday, leading a pack that included DEA Deutsche, CEPSA, Premier Oil and Total with three contracts each.

The official results […]

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MEXICO

The stage is set for Akron to rebrand 600 service stations in the Bajio region. The fuel additives company is also planning the construction of a storage terminal in Lagos de Moreno, Jalisco, with a capacity of 25,000 barrels. Akron’s decision stems in decreasing logistics costs as Mexico’s northern region charges […]

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We cannot presume to know what Pemex’s expectations were for its third round of ISC contracts, but it’s not entirely unreasonable to assume they were disappointed by the results; after all, Pemex officials were quoted referring to the outcome as an “unforeseen scenario”: Of the six blocks offered, only three were successfully awarded […]

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On Wednesday this week, Pemex announced the 16 companies pre-qualified to participate in the NOC’s second round of integrated service contracts.  The list of companies includes major oil corporations such as Chevron, Schlumberger, Halliburton and Baker Hughes.  Vitol, Tecpetrol, Pico Oil, Dragados/ATP Oil, Industrial Perforadora de Campeche, Monclova Pirineos Gas, Diavaz/Weatherford, Perfolat/Servicios Asociados […]

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In the past 10 years, Mexico has become the third most important destination outside of the EU for Spanish investors, with investment totaling US$38 billion. Mexico is the largest export market in Latin America for Spain, as well as its 12th largest consumer, with over €2.8 billion in exported goods in 2010, according to official […]

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