TGS says it has signed a letter of intent (LOI) with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months. The LOI gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the offshore waters of Mexico…
Down Mexico way. With reform underway, OE asked: What are the supply chain opportunities in Mexico? Manufacturing in Mexico has a 40% foreign component. This indicates in part that Mexico has not been able to deepen its own supply chain…
Vagit Alekperov, OAO LUKOIL President, and Emilio Lozoya, General Director of Mexico’s Pemex, signed a cooperation agreement today at the World Economic Forum Annual Meeting in Davos, Switzerland. The document was signed in the presence of Enrique Peña Nieto…
Mexico’s senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…
Mexico’s Federal Congress has certified that 24 of the country’s 31 state legislatures have approved energy reforms that allow private companies to explore for and produce oil and gas. All state legislatures are unicameral, and in some, the decision was unanimous…
Mexico’s Senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…
Mexico's leftist Party of the Democratic Revolution (PRD) announced this week that it will hold a Conference on the Defense of Energy Sovereignty from October 24 to 27. The PRD will disseminate information explaining its opposition to President Enrique Peña Nieto’s plans for energy reform…
High-quality technology and proper backing investments are keys to “[allowing] Mexico to continue as one of the main hydrocarbon producers of the world,” said Jose Antonio Escalera-Alcocer, deputy director of exploration for Pemex Exploration…
A key differentiator in the proposed energy reform introduced by Mexico’s ruling party, the PRI, is its populist slant, according to a panel of speakers at a seminar hosted by law firm Mayer Brown, which explored the details of the reform…
UK Trade & Investment offered a session on petroleum investment opportunities in Mexico on Wednesday, presented by Enrique Cornejo, head of energy & environment for UKTI in Mexico City. Mexico’s national oil company, Petroleos Mexicanos (PEMEX)…
Mexican President Enrique Peña Nieto proposed his plans to reform Mexico’s energy industry in an effort to ease restrictions on foreign investment. The plan calls for amendments to articles 27 and 28 of the Mexican Constitution, which…
Analysis: Perspectives President Enrique Peña Nieto recently announced that he will send a “transformational” energy reform bill to Mexico’s Congress in the coming months in an effort to attract the private capital and expertise required to develop Mexico’s deepwater and shale deposits…
President-elect Enrique Pena NietoPena-Nieto wants private investment in energyOilPrice.com - Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation's energy industry…
Mexicans go to the polls 1 July to elect a new president and congress. Polls suggest big gains for the institutional Revolutionary Party which dominated post-revolutionary Mexican politics for seven decades. Will a new administration have the…
Mexico's Pemex is preparing this month to issue the first incentive-based contracts allowed under the country's 2008 oil reforms. Most observers agree that the reforms didn't go far enough, but will a new president in 2012 pick up the pace? Russell McCulley reports…
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