To commemorate the 77th anniversary of the Mexican oil expropriation, President Enrique Peña Nieto gathered government and PEMEX dignitaries to celebrate in Dos Bocas, Tabasco. He was accompanied by PEMEX CEO, Emilio Lozoya Austin, and the Minister of Energy, Pedro Joaquín Coldwell, along with the Ministers of National Defense, Education, and Environment and Natural Resources, […]Continue Reading →
The long-awaited Mexico Oil & Gas Technology Forum 2015 will bring together high-profile industry leaders this coming January 28th at the Sheraton Maria Isabel in Mexico City. Among a broad list of renowned speakers, the process of defining the diversification of the country’s production portfolio is a trending topic in the global oil and […]Continue Reading →
Despite the seemingly never-ending drop in oil prices worldwide, Mexico’s first-ever licensing round is still a go, and its contenders for the first set of exploration areas in shallow water assets have already been invited to bid. Data room access for each of the interested parties should be made available by January 15th and each […]Continue Reading →
The bidding terms for the first blocks of Round One were presented yesterday in a ceremony that marked the starting point for oil exploration by local and international private companies in Mexico, something that was defined as an “unprecedented milestone in the history of the country“ by Pedro Joaquín Coldwell, Minister of Energy.
“Today […]Continue Reading →
Change is on the horizon according to PEMEX’s latest news; a transformational step that aims to boost efficiency and maximize profitability. Its Administrative Council has just approved the company’s corporate restructuring this week enabling it to reach new markets and become what Emilio Lozoya calls a stronger and bolder PEMEX. Following this paradigm shift to […]Continue Reading →
The hype surrounding the release of the exploration areas and production fields in Mexico’s hydrocarbon assets that will be available for the private sector to bid has finally simmered to a reality. The general terms that will be applicable to all contracts were just released by SENER this week and even though Round One’s first set […]Continue Reading →