(S&P, 16.Jul.2024) — Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a […]
Tag: CNH
Grupo Carso Acquires 100% of Capital Stock of PetroBal
(Grupo Carso, 20.Jun.2024) — Grupo Carso, S.A.B. de C.V., following its notice dated 18 Dec. 2023, informs the investor public that since the stipulated conditions have been met and the […]
Mexican Billionaire Carlos Slim Wants to Join Pemex in Deepwater Natural Gas Project
(Reuters, 17.Jun.2024) — Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside […]
Interest Remains in Mexico’s Oil and Gas
(S&P, 15.May.2024) — There is still a lot of private and international interest in developing the oil and natural gas resources in Mexico despite the shift towards state control by […]
NRGBriefs: Mexico’s Preliminary March 2022 Production Details
(Energy Analytics Institute, 22.Apr.2022) — Energy briefs including preliminary production figures from Mexico for March 2022 including 1.625 MMb/d of oil, according to the National Hydrocarbon Commission. LATIN AMERICA AND […]
Pemex Halts Drilling At Valeriana
(By Platts, Sheky Espejo, 12.Aug.2021) — Mexico’s state oil company Pemex has stopped drilling Valeriana 1, a high-temperature high-pressure appraisal well located in the state of Tabasco, after new interpretation […]
Morena Seeks End To Mexico’s Energy Investment
(Argus, 15.Sep.2020) — Mexico’s ruling Morena party presented a constitutional reform proposal that would roll back the historic 2014 energy reform and seek to rescind all contracts awarded to date. […]
Talos Instructed To Unitize Zama Field Within 120 Days
(Talos, 9.Jul.2020) — Talos Energy Inc. announced that on 7 July 2020, that it received a notice from Mexico’s Ministry of Energy (SENER) instructing the partners of Block 7 and […]
CNH Again Extends Timeframe For Oil Permits
(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect extending a freeze on all […]
Repsol Makes Deepwater Oil Find In Mexican Waters
(Repsol, 4.May.2020) — Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Both […]
Mexico’s New Oil Regulator Says Pemex JVs Likely
(Reuters, 16.Apr.2020) — The head of Mexico’s powerful oil regulator said state oil firm Pemex could seek new joint venture partnerships soon, despite President Andres Manuel Lopez Obrador’s decision to […]
CNH On Total And Servicios MĂşltiples de Burgos
(Energy Analytics Institute, Jared Yamin, 20.Mar.2020) — Mexico’s National Hydrocarbons Commission (CNH) announced updates on three resolutions affecting Total E&P MĂ©xico, S.A. de C.V., Servicios MĂşltiples de Burgos, S.A. de […]
Talos Says Zama Reservoir Shared With Pemex
(Argus, 7.Jan.2020) — Third-party evaluation showed that 60pc of Mexico’s major Zama crude discovery lies within Talos Energy’s shallow-water block 7, with the remainder on state-owned Pemex’s acreage, the private […]
Pemex To Invest Combined $283 Million In Uchbal Field
(Energy Analytics Institute, Jared Yamin, 29.Jun.2019) — Mexico’s state oil company PetrĂłleos Mexicanos (Pemex) plans to invest $266 million in development activities related at the Uchbal field, corresponding to its […]
Mexico’s CNH Approves BP’s Offshore Drilling Plan
(Reuters, Rebekah Ward, 25.Jun.2019) — Mexico’s oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf […]
Shell To Invest At Least $397 Million In Deepwater Oil Projects In Mexico
(Reuters, 11.Jun.2019) — Mexico’s independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the maritime border […]
Mexico’s 1P Reserves Down Substantially Versus 20 Years Ago
(Energy Analytics Institute, Jared Yamin, 23.Apr.2019) — Mexico’s combined proved crude oil and natural gas reserves (1P) have dwindled down to 7.9 billion barrels of oil equivalent (BOE) as of […]
CNH Reports 6.9% Drop In Mexico’s Combined 1P Reserves
(Energy Analytics Institute, Jared Yamin, 12.Apr.2019) — Mexico’s National Hydrocarbons Commission (CNH by its Spanish acronym) announced the country’s combined proved (1P) natural gas and crude oil reserves fell 6.9% […]
Q&A: Mexico Oil Regulator Says Slow Wins The Race
(Argus, 4.Apr.2019) — Mexico’s oil regulator CNH administers more than 100 contracts for oil and natural gas exploration and production (E&P) that will attract $161bn in investment if all licenses […]
Mexico’s New President Throws Down Gauntlet To Oil Majors
(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 […]
Bright Star of Mexico’s Energy Reform Bowing Out Of Spotlight
(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 ComisiĂłn Nacional de Hidrocarburos […]
Officials At Mexico’s Central Bank, Oil Regulator Resign
(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 […]
Talos Energy, Pan American Ink Deal To Cross-Assign Interests In Mexico
(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) […]
AMLO Sees EOR, Pemex Farm-Outs As Key To Boosting Mexican Oil, Gas Output
(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 […]
Mexico’s Oil Regulator Backs Pemex Picking Its Own Partners
(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 […]
Mexico Must Double Oil Exploration Spending to Halt Output Fall: Pemex
(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 […]
Interview: Pemex’s CEO Expects FID for Four New Fields in 2019
(S&P Global Platts, Daniel Rodriguez, 27.Sep.2018) — Mexico’s state oil company Pemex expects to make a final investment decision (FID) and begin development of its Ixachi, Pokche, Xikin, and Suuk […]
Talos Energy Announces Approval Of Zama Appraisal Plan
(Talos Energy, 27.Sep.2018) — Talos Energy Inc. announced the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery. The approval […]
Pemex Plans up to 100,000 b/d of Light Crude Imports, Says CEO
(Reuters, David Alire Garcia, Marianna Parraga, 26.Sep.2018) — Mexican state-run oil company Pemex expects to begin importing up to 100,000 barrels per day of light crude oil, likely from the […]
Mexico’s New President Should Postpone Oil Auctions: Former Pemex Official
(Reuters, Collin Eaton, 19.Sep.2018) — A former Petroleos Mexicanos board member said on Wednesday Mexican President-elect Andres Manuel Lopez Obrador has enough political support to change the nation’s energy law […]
Mexico’s CNH to Speak at EnerCom Conference
(Energy Analytics Institute, Jared Yamin, 9.Aug2018) – The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018. Companies with exposure to Latin […]
Pemex, Energy Offices to be Moved
(Natural Gas Intelligence, Ronald Buchanan, 13.Jul.2018) – Mexico President-Elect Andres Manuel Lopez Obrador aims to decentralize the government in a sweeping plan to ease the congestion of population, buildings, vehicles […]
CNH Says Mexico Must Reduce Oil Dependence
(Energy Analytics Institute, Ian Silverman, 13.Jul.2018) – Mexico must reduce its dependence on the United States in regards energy issues. The country can achieve this goal by increasing its refining […]
Mexico’s Vista Oil & Gas Signs Onshore JV With Jaguar
(Reuters, 23.May.2018) – Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said on Tuesday, acquiring 50 […]
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 […]
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 […]