PEMEX announced a crude discovery equivalent to an additional 180 million boe and is importing gasoline from South Korea while fracking is defended by CCE, CNH and the Ministry of Energy. Meanwhile, IEA’s head, Fatih Birol, is expecting a complicated 4Q18 in terms of macroeconic growth due to rising crude oil prices and […]Continue Reading →
Mexico’s Energy Reform achieved a milestone this week as Argentina-based Pan American Energy (PAE) started drilling in the Hokchi-2 well on Sunday, the first time a non-PEMEX operator has ever drilled in Mexican waters.
Richard Spies, PAE’s Chief Executive, said that operations in the Tabasco-based block commenced at 1.30am local time on Oct. […]
by Lucy Raitano
PEMEX’s board has approved the state-owned company’s second farm-out, the oil giant announced on Tuesday. The joint venture will cover two shallow water fields off the coast of Campeche, Ayin and Batsil, which have proven reserves of 46 million barrels of oil equivalent (boe). Additionally, the fields contain 3P resources of around 281 boe.
“Petróleos […]Continue Reading →
2015 was very eventful in the oil and gas industry, filled with unexpected turns, be they for the best or the worst. The Energy Reform took effect in 2014, when President Enrique Peña Nieto amended the constitution, opening the country’s energy sector to private investment for the first time in decades. One of the main […]Continue Reading →
Mexico is Slowly but Surely Regaining Global Prominence in the Energy Sector
It is official: after having been awarded the shallow waters field containing the Amoca, Tecoalli, and Miztón fields on 30 September in the second bidding phase of Round One, ENI has just signed its first production-sharing contract, officiating its entrance into Mexico’s national […]Continue Reading →
The New Economics of Oil
What if everything you thought you knew about oil was wrong? That is the idea behind the paper published last week by Spencer Dale, BP’s Chief Economist.
New Economics of Oil takes the key principles and beliefs we think underpin the operation of the oil market and reveals […]Continue Reading →