(Total, 10.Dec.2017) — Total has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand. Present in Mexico since 1982, Total is aiming to capitalize on the deregulation of the […]
Category: Mexico
Mexico energy
Open Season Fees, Delays Puzzle Mexico’s Investors
(Platts, 11.Aug.2017) — Pemex has yet to announce the next phase of its refined products logistics open season, which could be impacting investment decisions on new midstream projects in Mexico, according to sources. Mexico’s petroleum liberalization does not call for the sale of Pemex logistics assets. But the use Pemex’s […]
CFE Cancels Baja California Sur Natural Gas Project
(Platts, 30.Jun.2017) — Mexican state-run utility CFE has canceled its auction to bring natural gas into the Pacific state of Baja California Sur, the company said. CFE said the gas project isn’t necessary as its new underwater transmission line project will fulfill the electricity needs of the state. “By opting […]
BPTT’s Angelin Platform Being Built in Mexico
(BPTT, 1.Jun.2017) — Watch BPTT’s Angelin platform come to live in this time lapsed video. See the amazing progress of the BPTT Angelin platform being built in Altamira, Mexico Watch the amazing progress of the @BP_TandT #Angelin platform being built in Altamira, #Mexico https://t.co/5L9v8So3J0 @TTEnergyChamber #energyconference2018 pic.twitter.com/m736HjVLLc — bp (@bp_plc) […]
Peña Nieto Presides Over Commemoration Ceremony
(Pemex, 18.Mar.2017) – Mexican President Enrique Peña Nieto presided over the commemoration ceremony on March 18, 2017 at the maritime terminal of Ciudad del Carmen, Campeche. He assured that PetrĂłleos Mexicanos is the most representative company of Mexico and an important part of the country’s national identity. “We are,” he […]
Pemex Director Visits Families of Salamanca Accident
(Pemex, 17.Mar.2017) – JosĂ© Antonio González Anaya, General Director of PetrĂłleos Mexicanos, met with the family members of the workers who were injured in the explosion of the Dispatch Terminal in Salamanca. He visited the family of the worker who is being cared for at the Hospital in Picacho in […]
Mexico’s First Open Season Auction
(Pemex, 15.Mar.2017) – Last December 20th, the application period for those interested in participating in the first Open Season auction, was opened. From March 10, they submitted their financial proposals for the capacity reserve for storage and transport by duct. According to the Schedule, the winners of this auction for […]
Mexico’s Fuel Consumption in January 2017
(Energy Analytics Institute, Fidencio Casillas, 12.Mar.2017) – Mexico consumed 193 million liters of fuel in January 2017, state oil company PetrĂłleos Mexicanos (Pemex) Gasolinera wrote in a twitter post. Of the total consumption, approximately 130 million liters or equivalent to 817,000 barrels per day (67 percent of total consumption) corresponded […]
Pemex Director Meets Oil Sector Leaders
(Pemex, 8.Mar.2017) – The General Director of PetrĂłleos Mexicanos, JosĂ© Antonio González Anaya, had an intense activity during CERA week, the most important event of the oil industry globally, which is held annually in the city of Houston. Throughout three days, he met with directors of various oil companies and […]
Pemex, BHP Billiton to Develop Trion Block
(Pemex, 3.Mar.2017) – PetrĂłleos Mexicanos and the Australian company BHP Billiton signed an agreement to develop the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto. This is the first farm out agreement that Pemex has undertaken to explore and produce and is the […]
Mexico’s Gasoline Price Lowest in LAC Region
(Energy Analytics Institute, Fidencio Casillas, 16.Jan.2017) – The average gasoline price in Mexico, the largest Spanish speaking country in the Americas, is still the lowest amongst select countries in the Latin American and Caribbean (LAC) region. Mexico’s average gasoline price of 15.9 Mexican pesos per liter remains the lowest among […]
Renaissance, Lukoil to Partner in Amatitlán Block
(Renaissance Oil Corp., 11.Jan.2017) – Renaissance Oil Corp. announced that PJSC LUKOIL, one of the world’s largest oil producers, has chosen Renaissance as their partner for the Integrated Exploration and Production Contract for the 230 km2 (56,800 acres) Amatitlán block, near Poza Rica, Veracruz, Mexico. Highlights — Renaissance acquires 25% […]
Mexico’s Double-Digit Gasoline Price Increase
(Energy Analytics Institute, Fidencio Casillas, 5.Jan.2017) – The prices of gasoline in Mexico is set to increase gradually and up to 20 percent on average, effective January 1, 2017, although the increases were originally planned to take place in 2018, reports La Radio del Sur. With the stipulated price increases […]
Wood Group, Grupo Diavaz Form Engineering JV
(Wood Group, 9.Jun.2016) – Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, created a joint venture engineering business to capitalize on Mexico’s energy reform. MUSTANG DIAVAZ is based in Mexico City and will provide engineering, procurement and construction management services to onshore and […]
Pemex to Make Peso Payment to Suppliers
(Energy Analytics Institute, Fidencio Casillas, 6.Jun.2016) – Pemex is preparing to make payments of nearly 30 billion Mexican pesos to its providers, announced a company executive. The Mexico City-based oil company paid 95 billion Mexican pesos to providers in late May 2016, reported the daily newspaper LaJornada, citing Pemex General […]
Pemex Gasoline Consumption At 22% of Total Vs. 8% in 2011
(Energy Analytics Institute, Fidencio Casillas, 5.Jun.2016) – The consumption of premium gasoline in Mexico has evolved favorably over the last six years with the Premium grade gaining territory on the Magna grade. Between 2011 and 2016, the consumption of Pemex’s Premium grade gasoline within the Mexican border increased to 22 […]
Alfa Assumes $1 Bln Loss in Pacific E&P
(Energy Analytics Institute, Jared Yamin, 21.May.2016) – Mexican conglomerate Alfa considers its entire $1 billion in investment in Pacific Exploration & Production — the Canadian oil company with operations in Colombia — as a total loss after the oil company announced plans to restructure its debt with a private fund, […]
Pemex To Boost Crude Exports to Japan
(Energy Analytics Institute, Fidencio Casillas, 11.May.2016) – Pemex plans to boost its shipments of crude oil to Japan after reaching agreements with clients including Cosmo Oil, JX Holdings and TonenGenera, reported Reuters citing an anonymous company contact and commercial data. Pemex normally sends close to 1 million barrels per month […]
IFC, China-Mexico to Invest $200 Mln in Citla
(IFC, 21.Apr.2016) – International Finance Corp. (IFC), a member of the World Bank Group, and the ChinaMexico Fund (CMF), a $1.2 billion private equity fund managed by the IFC Asset Management Company (AMC), will invest $200 million in Citla Energy, SAPI de CV (Citla or Citla Energy), a Mexican independent […]
Pemex and Mexichem Inform the Loss of 13 Workers
(Pemex, 21.Apr.2016) – Pemex’s CEO, JosĂ© Antonio González Anaya; Civil Protection National Coordinator from the Ministry of the Interior, Luis Felipe Puente, and Mexichem’s CEO, Antonio Carrillo, covered the Clorados 3 Plant of PetroquĂmica Mexicana de Vinilo (PMV) located in Coatzacoalcos, which is operated by Mexichem and co-owned by Pemex. […]
Pemex: PMV Plant in Coatzacoalcos Under Control
(Pemex, 20.Apr.2016) – The current situation in the Clorados 3 Plant of PetroquĂmica Mexicana de Vinilo’s (PMV) in Coatzacoalcos, is under control and presents no risk to the population. This was pointed out during a press conference by Pemex CEO JosĂ© Antonio González Anaya; the Governor of Veracruz, Javier Duarte; […]
Finance Ministry, Public Credit Support Pemex
(Pemex, 13.Apr.2016) – Given the difficult situation of global low oil prices, Pemex faced a liquidity problem, while not a solvency one. In this context, Pemex continues to focus on two main courses: the adjustment of its cost structure and the implementation of a business strategy based on the Energy […]
Searcher Working on South Campeche 3D Seismic
(Searcher Seismic, 7.Apr.2016) – Searcher Seismic announced the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico. The seismic project, totaling approximately 6,834 square miles (17,700 square kilometers), is a merge of three existing surveys. The Holok Alvardo 3D (2003), the Cequi 3D (2010) and the Boloi Norte-Balche-Xulum 3D (2003). […]
Keppel FELS Delivers Another Two Rigs
(Keppel FELS, 27.Mar.2016) – Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), delivered two jackup rigs to Mexican company, Grupo R. Built to Keppel’s proprietary KFELS B Class design, the rigs, CANTARELL I and CANTARELL II, will be chartered to PEMEX, […]
Launching of Floatel for Pemex
(Pemex, 28.Aug.2015) – The vessel will have the capacity to accommodate 700 platform workers. The accommodation vessel (floatel, floating hotel) built to service Pemex’s platforms, was launched at Navantia’s shipyard in Ferrol, Galicia. It will be completed and delivered next year. The current progress of the construction of the floatel […]
Pemex Responds to Moody’s Press Release
(Pemex, 25.Aug.2015) – Moody’s Investors Service placed Pemex’s global foreign currency and global local currency A3 ratings under review for a possible downgrade. In this regard, Pemex makes the following remarks: Pemex, along the entire oil and gas industry has been affected by the substantial decline in international oil prices […]
Pemex Looks to Improve Diesel Production
(Pemex, 14.Aug.2015) – The exchange of light crude between the U.S. and Mexico will improve the production of diesel and gasoline in the country. Pemex has been notified of the approval of the application submitted to the Bureau of Industry and Security, Department of Commerce of the United States, earlier […]
Pemex, STPRM to Review Collective Agreement
(Pemex, 11.Aug.2015) – Pemex and the Petroleum Workers Union of the Mexican Republic (STPRM, Sindicato de Trabajadores Petroleros de la RepĂşblica Mexicana) agreed to a 1-month extension for the review of the Collective Bargaining Agreement (CCT, Contrato Colectivo de Trabajo) that will regulate the employment relationships in the biennium 20152017; […]
Pemex Reports on Pipeline Fire
(Pemex, 11.Aug.2015) – The fire registered today in the Escobedo-Santa Catarina pipeline, in the municipality of GarcĂa in Nuevo LeĂłn, was caused by a blow from machinery that belonged to a private company at a construction site outside Pemex. Unfortunately, the death of 5 employees of the contractor has been […]
BODs Of Pemex Drilling And Services Installed
(Pemex, 11.Aug.2015) – At the installation session of the Board of Directors of the new Productive State-owned Subsidiary (PSS) Pemex Drilling and Services (Pemex PerforaciĂłn y Servicios), the organic statute containing its organization and functions was approved, and it will come into force once it is published in the Official […]
Court Grants Appeal to Pemex
(Pemex, 10.Aug.2015) – The Second Joint Civil Court of the Third Circuit, based in the city of Guadalajara, granted the appeal filed by Pemex thus declaring the absence of damages claimed by the company Bardahl de MĂ©xico SA de C.V. The above sentence is of utmost importance in the context […]
Pemex Dismantles Group With Conflict
(Pemex, 6.Aug.2015) – Pemex dismantles group composed of companies and public officials that had a conflict of interest in million-dollar contract. An investigation carried out by the Unit of Responsibilities of Pemex’ Internal Control Unit, led to the identification and acknowledgement of the participation in unlawful acts of Pemex Exploration […]
Pemex, Union Agree to Review Collective Deal
(Pemex, 30.Jul.2015) – Pemex and the Petroleum Workers Union of the Mexican Republic (STPRM) agreed to an extension in reviewing the Collective Bargaining Agreement (CBA) that will regulate the employment relationships in the biennium 2015-2017. All topics of the CBA stated by both parties have been reviewed and agreed upon, […]
Pemex Signs With Santander for Banking Services
(Pemex, 28.Jul.2015) – Pemex and Banco Santander signed a collaboration agreement to provide credit and banking services to gas stations comprising the network of service stations nationwide. The agreement will provide Pemex franchisees access to banking services as Point of Sale (POS) systems, referenced deposits, electronic banking, payroll, transfer and […]
Pemex to Supply Isthmus Crude to Japan
(Pemex, 24Jul.2015) – Pemex, through P.M.I. Comercio Internacional (PMI), and the largest refining company in Japan, JX Nippon Oil & Energy Corporation, agreed to ship 6 MMbbls of Isthmus crude oil through 6 cargoes beginning in Aug.2015 and until Jan.2016, from the Salina Cruz maritime terminal located in the state […]
Pemex, Sedatu Sign Cooperation Agreement
(Pemex, 22.Jul.2015) – Pemex and the Ministry of Agrarian, Land and Urban Development (SEDATU), through the Agrarian Attorney’s Office (PA), signed a Cooperation Agreement to establish mechanisms for information, advice and training so that the hydrocarbon exploration, extraction and transportation projects are carried out according to the legal framework and […]
Pemex, OECD Promote Best Procurement Practices
(Pemex, 20.Jul.2015) – Pemex, through its Corporate Office of Procurement and Supply, signed an agreement with the Organization for Economic Cooperation and Development (OECD) that will enable Pemex to adopt the best international practices in procurement, and promote the efficient and transparent management in its processes. This agreement comprises a […]
Pemex Cogeneration And Services BODs Installed
(Pemex, 30.Jun.2015) – The organic statute containing the organization and functions of the new productive state¬-owned subsidiary Pemex Cogeneration and Services was approved during the installation session of the Board of Directors. The statute will become effective after its publication in the Official Gazette of the Federation. This is one […]
Pemex Attends Contingency at Akal-H Platform
(Pemex, 22.Jun.2015) – Specialized Pemex staff is taking care of the oil and gas leakage incident that occurred in the satellite platform Akal-H in the Campeche Sound. Fortunately, there are no injuries to report. The three workers carrying out a routine inspection were evacuated in a timely and secure manner […]
Pemex, STPRM Review Collective Labor Deal
(Pemex, 16.Jun.2015) – PetrĂłleos Mexicanos (Pemex) and the Petroleum Workers’ Union (STPRM, Sindicato de Trabajadores Petroleros de la RepĂşblica Mexicana, for its acronym in Spanish) started negotiations for the revision of the Collective Bargaining Agreement 2015-2017, which will come into force on 1.Aug.2015. Emilio Lozoya, CEO of Pemex, stated that […]
Environmental Protection Key Pemex Element
(Pemex, 14.Jun.2015) – Maintaining or improving competitiveness in the oil industry will increasingly require a better environmental performance. Therefore, environmental protection is currently one of the key elements in the company’s business strategy along the value chain, Emilio Lozoya, CEO of PetrĂłleos Mexicanos (Pemex), stated at the “Pemex-2015 5th Environmental […]
Pemex Finds New Oil Deposits in GOM
(Pemex, 10.Jun.2015) – Emilio Lozoya, CEO of PetrĂłleos Mexicanos, announced the first hydrocarbon discoveries made took advantage of the new tools provided by the Energy Reform. This is the first tangible result in exploration activities, after the approval of the reform in Aug.2014. Taking into account the short period for […]
Mexican Petroleum Congress Opens
(Pemex, 10.Jun.2015) – The Ministry of Energy (SENER), Pedro JoaquĂn Coldwell, opened the 10th Mexican Petroleum Congress at the Guadalajara Expo, which brought together 270 national and international companies with more than eight thousand participants from 12 countries. The event was attended by the CEO of Pemex, Emilio Lozoya, and […]
Pemex, Blackrock Sign MOU to Develop Infrastructure
(Pemex, 6.Jun.2015) – PetrĂłleos Mexicanos and BlackRock signed a Memorandum of Understanding (MOU), in order to accelerate the development and financing of energy infrastructure projects that are considered a strategic priority for Pemex. The agreement was signed by Pemex’s CFO, Mario Beauregard, and the Global Manager of BlackRock Infrastructure, Jim […]
Pemex Presents Safety, Health Strategy for 2015-2025
(Pemex, 28.May.2015) – Petroleos Mexicanos presented its Safety, Health and Environmental Protection Strategy 2015-2025 (SSPA, for its acronym in Spanish) which outlines actions to strengthen safety and reliability culture of operations in a safe and efficient manner enabling greater productivity. After pointing out that Pemex is on the verge of […]
Pemex’s Successful Petroleum Coke Auction
(PEMEX, 22.May.2015) – PetrĂłleos Mexicanos carried out, for the third time, an online auction of partial lots of petroleum coke from the “Gral. Lázaro Cárdenas”, refinery located in Minatitlán, Veracruz. Pemex Refining carried out the auction along with the support of Regional Market Makers de MĂ©xico, S. de R.L. de […]
Mexico Sweetens Terms to Entice Development
(First Titan Corp., 26.Mar.2015) – As First Titan Corp. targets undervalued energy assets across North America for acquisition and development, Mexico is sweetening its tax terms to help attract energy companies south of the border. The Financial Times reported this month that the country is holding its first competitive tender […]
McDermott to Install Pemex’s Ayatsil Platform
(McDermott International, Inc., 6.Jan.2015) – McDermott International, Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (PEMEX) in the Bay of Campeche Ayatsil field offshore Mexico. The value of the award is included in McDermott’s […]
Sierra Oil & Gas Announces Commitment of $525 million
(Sierra, 18.Sep.2014) — Sierra Oil & Gas S. de R.L. de C.V., Mexico’s first independent exploration and production company, today announces that it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record […]
Brazil, Venezuela, and Mexico: Three Ways To Nationalize Oil
(CSMonitor, 12.May.2012) — Argentina’s renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and Venezuela show that outcomes can vary widely. “Nationalization is an old story in Latin America,” says Larry Birns, director of the Council on Hemispheric Affairs. […]