Mexico Addresses Social Impact of Energy Reform

(Velda Addision, Senior Editor, Digital News Group Hart Energy, 12.Jun.2018) — Working at energy sites in some parts of Mexico could mean coming face-to-face with locals wanting to see the economic benefits of projects in their communities sooner rather than later. Companies could face land challenges from indigenous groups, farmers […]

Pemex Lets Contract for Tula Refinery

(Oil and Gas Journal, Robert Brelsford, 11.Jun.2018) – Mexico’s Petroleos Mexicanos (Pemex), through its processing subsidiary Pemex Transformacion Industrial (formerly Pemex Refinacion), has let a contract to a partnership of Saipem SPA and Mexican subsidiary Saimexicana SA de CV for works to be carried out on the heavy oil (H-Oil) […]

Observing Controls In Mexico’s Energy Sector

(Control Risk, Armando Ortega, 11.Jun.2018) — For decades, the most relevant compliance legislation for international companies operating in Mexico was the US Foreign Corrupt Practices Act. Now, as a result of major national economic and legal reforms enacted during President Peña Nieto’s administration from 2012-2018, Mexico’s compliance environment has undergone […]

Fact Sheet: Peru LNG

(Shell, 1.Jun.2018) — Peru LNG is the first natural gas liquefaction plant in South America and began operations in 2010 with a 4.45 mtpa capacity. It receives dry gas through a 408km pipeline that stretches from the highlands in the Peruvian Andes to the coast. Shell acquired 20% equity in […]

Energy, Education, and Learning Through NRG ED

(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known as “NRG ED.” NRG ED is structured to work with K-12 schools, community colleges, four-year colleges and universities, workforce training programs, communities and businesses, and […]

Argus Awarded for Mexico Energy Coverage

(Argus Media, 23.May.2018) – Global commodity price reporting and news agency Argus has been awarded first place for its coverage of Mexican energy markets, in an annual competition arranged by prestigious business-to-business publishing association the American Society of Business Publication Editors (ASBPE). The editorial team responsible for the Argus Mexico […]

Mexican Drillers Sign 1st Deal Without State Oil Giant

(Bloomberg, Amy Stillman, 22.May.‎2018‎) – Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos Mexicanos. Jaguar Exploracion y Produccion agreed to sell a 50 percent stake of three onshore areas in Tabasco and Veracruz to Vista Oil & Gas […]

PEMEX Seeks Partners for Seven Onshore areas

(Energy Analytics Institute, Aaron Simonsky, 3.May.2018) – Mexico’s state oil company PEMEX is seeking partners for land grouped into seven onshore areas containing light and super light crude oil as well as wet gas, announced the country’s National Hydrocarbon Commission (CNH by its Spanish acronym). The seven areas are located […]

ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018

(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic activity in troubled Venezuela will contract 8.5% in 2018. Gross domestic product or (GDP) estimates for other important countries and […]

Pemex Turns $6 Bln Profit On Oil Prices

(Reuters, 27.Apr.2018) – Mexican state-run oil company Pemex said on Friday its net profit rose 29 percent in the first quarter compared with the year-earlier quarter, helped by higher crude prices and currency movements. The company, one of the largest in Latin America, reported a profit of 113.3 billion pesos […]

Sapura, Partners Awarded Mexico’s Block 30

(Energy Analytics Institute, Ian Silverman, 1.Apr.2018) – The consortium, comprised of three companies, was awarded a block in the southeastern basin of the Gulf of Mexico. “This is a formidable partnership of like-minded companies with significant worldwide experience, which augurs well for future success in Mexico,” said Sapura Energy Berhad […]

Process for Pemex Second Farm-Out Begins

(Pemex, 7.Mar.2017) – The approval of the bidding process for the selection of a partner for the exploration and extraction of the Ayin and Batsil fields in the coastline of Tabasco, it strengthens the PetrĂłleos Mexicanos strategy to establish associations to stabilize the oil production and to begin increasing it […]

Mexico In Full Swing

(Petroleum Economist, Aldo Flores-Quiroga, 8.Feb.2018) — Mexico’s oil and gas industry will be completely open to private investment by end-2018. For the first time in almost eight decades, domestic and foreign companies will be allowed to do business throughout the value chain, from oil exploration to service stations. Free entry […]

Petroteq Energy, Pemex Ink Deal

(Energy Analytics Institute, Jared Yamin, 1.Feb.2018) – In January Petroteq Energy Inc. reached an agreement with Mexico’s state-owned oil entity Pemex. Through its Petrobloq subsidiary, Petroteq is developing a supply chain management system for Pemex that could improve efficiency, announced Petroteq in an official statement. ***

Mexico Tops BP Growth Plans

(Reuters, Jessica Resnick-Ault, 17.Jan.2018) – BP is expanding its retail presence with plans to open 3,000 branded retail stations globally in the next five years, half in Mexico, as that market becomes increasingly open to international business. The company already has over 100 retail outlets in Mexico, many operated by […]

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 […]

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% […]

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 […]

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 […]

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; […]

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, […]