(Houston Chronicle, Sergio Chapa, 12.Dec.2018) — The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought more...
(Reuters, Alexandre Meneghini, 10.Dec.2018) — Mexico’s new government detailed plans Sunday to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador and to...
(Pemex, 9.Dec.2018) — The President of Mexico, Andrés Manuel López Obrador, announced the National Refining Plan, which includes the rehabilitation of six refineries owned by Pemex and the construction of...
(Energy Analytics Institute, Jared Yamin, 12.Dec.2018) — Mexico’s President Andrés Manuel López Obrador presented the country’s National Refining Plan, which includes rehabilitation of six Pemex refineries, and construction of another...
(Energy Analytics Institute, Jared Yamin, 7.Dec.2018) — Mexico’s President Andrés Manuel López Obrador appointed Engineer Octavio Romero Oropeza as the new CEO of Pemex. Romero assumed the position on December...
(Sparrows Group, 6.Dec.2018) — Sparrows Group signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its...
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) — Mexico’s new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national...
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie...
(Sierra, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra's business being integrated with Deutsche Erdoel AG (DEA AG), an international independent exploration and production...
(DEA Deutsche Erdoel AG, 4.Dec.2018) — DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil and gas company. Sierra holds...
(Talos Energy Inc., 4.Dec.2018) — Talos Energy Inc. announced the Zama-2 appraisal well was spud on Thursday, November 29, 2018. The spudding of the Zama-2 well marks the commencement of...
(Sierra Oil & Gas, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra's business being integrated with Deutsche Erdoel AG (DEA AG), an international independent...
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, delivering a blistering attack on...
(OPDEnergy, 30.Nov.2018) — The multinational corporation OPDEnergy - specializing in the production of energy assets and in the management of all related phases (development, financing, construction, operation and maintenance) -...
(Rystad, 30.Nov.2018) — Mexico’s production has been following a declining trend, which is not expected to be reversed before at least 2025. Despite high hopes for new developments and the...
(Energy Analytics Institute, Jared Yamin and Ian Silverman, 29.Nov.2018) — Nucor Corporation announced it will acquire Corporacion POK, S.A. de C.V., which produces complex castings and precision machined products used...
(Energy Analytics Institute, Jared Yamin, 29.Nov. 2018) —Pemex reported sequential declines in both crude oil, condensates and natural gas production in October 2018. Pemex, as the state oil company is...
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On...
(Caller Times, Carlos Torres-Verdin, 28.Nov.2018) — Ignore the incendiary rhetoric coming out of Washington D.C., the new political climate south of the border has never been more favorable, especially toward...
(Oilprice.com, Irina Slav, 27.Nov.2018) — Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters...
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s...
(Energy Analytics Institute, 15.Nov.2018) — Premier Oil plans to acquire 3D seismic across Block 30, which contains the high impact Wahoo prospect, and reprocess existing 3D seismic over Blocks 11...
[caption id="attachment_4656" align="alignnone" width="2700"] The PB-Abkatun-A2 platform is McDermott’s largest project in size and total value to date for PEMEX. Installation of Abkatun is scheduled for November 2018 in Mexico’s...
(McDermott, 15.Nov.2018) — McDermott International, Inc. announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico...
(Premier Oil, 15.Nov.2018) — In September, the Mexican authorities approved the Zama pre-unitisation agreement between Pemex and the Block 7 partners as well as the Block 7 Zama appraisal programme....
(NGI, Ronald Buchanan, 15.Nov.2018) — One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos...
(Financial Times, Jude Webber, 14.Nov.2018) — A deputy governor of the Bank of Mexico and head of the country’s oil regulator have both stepped down early from their posts, a...
(Pemex, 9.Nov.2018) — As part of the current Pemex business strategy, CEO Carlos Treviño leaves today for Abu Dhabi, where he will participate in the Abu Dhabi International Petroleum Exhibition...
(Reuters, 8.Nov.2018) — The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemex’s financial position before it invests in building new refineries. Mexico’s...
(Pemex, 8.Nov.2018) — Pemex and the Government of the state of Puebla have agreed to promote civil defense actions to mitigate the risks that arise from fuel theft in this...
(NGI, Andrew Baker, 6.Nov.2018) — Fitch Ratings late last month revised its outlook for Mexico, citing, among other things, potential energy policies to be implemented by incoming President-Elect Andrés Manuel...
(Talos Energy Inc., 5.Nov.2018) — Talos Energy Inc. and its partners in Block 7 offshore Mexico signed a Pre-Unitization Agreement (PUA) with Pemex that enables information sharing related to the...
(Talos Energy Inc., 5.Nov.2018) — Talos Energy Inc. entered into a transaction with, Hokchi Energy, S.A. de C.V., a subsidiary of Pan American Energy, to cross-assign its Participating Interest (PI)...
(Talos Energy Inc., 5.Nov.2018) — The National Hydrocarbons Commission (CNH), the Mexican oil & gas regulator, has approved the appraisal plan for the Zama discovery. The approval by the CNH...
(Reuters, Marianna Parraga, Ana Isabel Martinez, 1.Nov.2018) — Mexico’s state-run Pemex is expected to start operating in April the largest offshore oil platform built in the country in a decade,...
(Vista Oil & Gas, 30.Oct.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, after having obtained the approval of Mexico’s National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos de...
(Bloomberg, Eric Martin, 30.Oct.2018) — Mexico spent about 23.5 billion pesos ($1.2 billion) through the third quarter from its budget stabilization fund, which historically has been used almost exclusively to...
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, and down $5 million, or...
(Reuters, Marianna Parraga, Collin Eaton, 26.Oct.2018) — Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners...
(Burns & McDonnell, 25.Sep.2018) — Eduardo Andrade, a longtime executive in the Mexico energy industry, has joined Burns & McDonnell as its general director in Mexico for Burns & McDonnell...
(Chron.com, Rye Druzin, 24.Oct.2018) — Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Mexico’s oil production could rebound to 3.5 million barrels...
(Reuters, 23.Oct.2018) — Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the...
(Pemex, 23.Oct.2018) — Pemex implemented the Hurricane Emergency Response Plan (PREH initials in Spanish) to safeguard and protect workers’ safety and its facilities in the states of Jalisco, Nayarit, Colima,...
(Pemex, 23.Oct.2018) — Petróleos Mexicanos through its subsidiary Pemex Transformación Industrial (acronym in Spanish, TRI), confirms delivery of almost 100 MMcf/d of natural gas for customers in the Mexican Southeast...
(Reuters, 22.Oct.2018) — Refining firm Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for delivery from November through...
(Pemex, 22.Oct.2018) — Petróleos Mexicanos evaluated several proposals for shipments to supply light crude oil, in accordance to the parameters established by Pemex Transformación Industrial (Pemex Industrial Transformation). As a...
(Reuters, 19.Oct.2018) — Mexico’s peso currency reversed gains on Friday to fall 1 percent, hitting its lowest level in five weeks after a report by ratings agency Fitch on national...
(Petrofac Limited, 19.Oct.2018) — Petrofac Limited announces that it has completed the sale of 49% of the company’s operations in Mexico to Perenco (Oil & Gas) International Limited, following approval...
(S&P Global Platts, 18.Oct.2018) — Gas shortages in southern Mexico will reach a critical point in November as Pemex natural gas production continues declining and users lack access to LNG...
(Kallanish Energy, 18.Oct.2018) — The incoming Mexican government's announcement to end oil exports is credit negative to both Petroleos Mexicanos (Pemex) and to the government's credit quality, says Moody's investors Service, in...
[caption id="attachment_4177" align="alignnone" width="1186"] Pemex's Carlos Treviño. Source: Pemex[/caption] (Energy Analytics Institute, Piero Stewart, 17.Oct.2018) — Petróleos Mexicanos (Pemex) has registered 40,000 clandestine pipeline connections in the last six years, announced...
(Offshore Technology, 17.Oct.2018) — Mexican state-owned petroleum company Pemex has reportedly sold $2bn of its bonds. The sale of the ten-year Pemex bonds is said to have generated about 6.5%...
(Reuters, Diego Oré, 17.Oct.2018) — Mexico’s incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a...
(Reuters, 17.Oct.2018) — Mexico’s Salina Cruz oil refinery is operating normally after three people were injured in an electrical accident, a spokesman for state oil company Pemex said on Wednesday....
(Reuters, 17.Oct.2018) — Mexico’s state-run oil company Pemex received bids this week for up to six 350,000-barrel cargoes of U.S. Bakken crude it wants to import from November through December,...
[caption id="attachment_4168" align="alignnone" width="2005"] Pemex CEO Carlos Treviño Medina. Source: Pemex[/caption] (Pemex, 16.Oct.2018) — Petróleos Mexicanos in September disclosed the application of a series of operating and marketing measures could...
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2018) — Mexico wants Big Oil to start producing from the recently discovered oil fields in Mexico as soon as possible, incoming President Andrés Manuel López Obrador...
(Foreign Policy, Lisa Viscidi, .16.Oct.2018) — A potential return to resource nationalism could set both countries back. Until this year, resource nationalism—when a government asserts its control over a country’s...
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect Andrés Manuel López Obrador (AMLO), would be an error that would benefit...
(Reuters, David Alire Garcia, Marianna Parraga, 16.Oct.2018) — At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from...
(Reuters, 12.Oct.2018) — Mexico plans to enforce fines imposed on Odebrecht over corruption allegations by confiscating some $30 million owed by state oil company Pemex to the Brazilian firm, a...
(Pemex, 11.Oct.2018) — Pemex introduced the new gasoline additive that will be added into Pemex Magna and Pemex Premium fuels, the additive will be promoted under the brand name of...
(Houston Chronicle, Jordan Blum, 11.Oct.2018) — Leaders of Mexico’s state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López Obrador, who spoke of rolling...
(AP, 9.Oct2018) — Mexico’s state-owned oil company says two wells in shallow Gulf of Mexico waters have found about 180 million barrels of proven, probable and possible oil and gas...
(FT, Jude Webber, 9.Oct.2018) — Mexican state-owned oil company Pemex said it had discovered two new shallow water fields that, combined with other discoveries in recent years, would add production...
(Pemex, 9.Oct.2018) — Pemex CEO, Carlos Treviño, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, which will allow the company...
(The Oil&Gas Year, 8.Oct.2018) — Around 300 people were evacuated in the Mexican state of Veracruz as hydrocarbons spilled from a vandalised Pemex pipeline into the Tepeyac creek, which flows...
(Pemex, 5.Oct.2018) — Pemex Digital, Pemex’s Digital Transformation project, which is spearheaded by the Corporate Office of Information Technology and is supported by Pemex CEO Carlos Treviño Medina and the...
(S&P Global Platts, Daniel Rodriguez, 4.Oct.2018) — Mexico’s President-elect Andres Manuel Lopez Obrador will allow Pemex to continue farming out projects to boost oil and natural gas production from mature...
(Renaissance Oil Corp., 2.Oct.2018) — Renaissance Oil Corp. announced that Mexico's president-elect, Andres Manuel Lopez Obrador, who will take office on December 1, 2018, assured private energy executives on September...
(Reuters, 1.Oct.2018) — Mexico’s state-run Pemex has launched a tender to buy 350,000 barrels of U.S. Light Louisiana Sweet (LLS) crude for October delivery, according to a document seen by...
(Prensa Latina, 1.Oct.2019) — The government of elected president Andres Manuel Lopez Obrador will make a strong investment to rehabilitare the six refineries presently property of Petroleos Mexicanos (Pemex) in...
(Rystad, 30.Sep.2018) — Mexican national oil company Pemex is poised for a massive cash infusion earmarked for exploration and drilling, but a review of the company’s portfolio and recent track...
(Reuters, 30.Sep.2018) — Mexico’s oil regulator supports a proposal to allow state-run oil company Pemex to pick its own equity partners for exploration and production projects, the head of the...
(Reuters, Marianna Parraga, David Alire Garcia, 28.Sep.2018) — Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a...