Mexico’s federal government is taking measures to strengthen Petroleos Mexicanos’s (Pemex) financial position by providing a total liquidity of some US$4.2 billion (73.5 billion MXN), Mexico’s Secretariat of Finance and Public Credit (SHCP) announced today…
All eyes will be on the current and future potential of Mexico’s oil and gas industry at the 22nd annual Petroleum Exhibition & Conference of Mexico (PECOM),taking place 5-7 April in Villahermosa, Tabasco. PECOM 2015 exhibit floor…
Mexico’s Ministry of Economy has opted to set a low local content requirement for the upcoming deepwater bid round in December. The new rule, announced in Mexico’s official journal of the federation (DOF), says oil and gas companies must…
In early February, Mexican President Enrique Peña Nieto shook things up at the country’s oil company, Petróleos Mexicanos (Pemex), immediately replacing then-CEO Emilio Lozoya Austin with Mexico’s director of the Social Security Institute (IMSS) José Antonio González Anaya…
OE’s Audrey Leon spoke with Cyril Petit, Serimax’s regional manager, Central and North America, about the opening of Mexico’s oil and gas industry and what effects it will have on the company and region at large. Serimax’s…
Mexican President Enrique Peña Nieto told delegates at this year’s IHS CERAWeek forum in Houston that the fourth phase of Mexico’s historic Round One, will go forward in early December. The long-anticipated fourth phase of Round One will auction off 10 deepwater blocks…
Mexican President Enrique Peña Nieto has fired Emilio Lozoya Austin as CEO at the country's state-owned oil company, Pemex. Lozoya will be replaced by José Antonio González Anaya (pictured), the country’s current director of the Social Security Institute (IMSS)…
Mexico’s federal government has entered into an exclusive agreement with Platts to utilize its oil and natural gas price data in the nation’s pricing formulas as part of its energy reform policy. Image…
Mexican Secretary of Energy Pedro Joaquín Coldwell presented International Energy Agency (IEA) executive director Fatih Birol with an official letter declaring Mexico’s interest in becoming an IEA member. Image of Birol…
Italy’s Eni won, with a 100% share a production sharing contract, to appraise, develop, and exploit the oil fields of Amoca, Miztón e Tecoalli, located in the Area 1 in the Campeche Bay, offshore Mexico, following an international auction held on 30 September in Mexico City…
After Mexico’s historic energy reform, many have high hopes for the country’s oil and gas sector. But, the first offshore bid round was a disappointment with only two of 14 areas being awarded. Audrey Leon examines what the country has learned…
Mexico’s National Hydrocarbons Commission (CNH) opened the first public tender process early this morning (15 July) in the country's historic and disappointing Round One that offered Mexico's upstream opportunities to international companies for the first time in decades…
Following Mexico’s historic energy reforms, Fernando C. Hernandez of Reaching Ultra, discusses what is still needed in order to make Mexico a major deepwater player. Fig. 2: The Perdido Hub as seen from a crew boat…
For the first time in decades, Mexico’s upstream business is accessible to foreign companies. A panel of experts discussed the implications at this week's CERAWeek conference in Houston and found that, with three bidding rounds planned and data rooms open for scrutinizing…
Eckhard Hinrichsen analyses the race for oil and gas reserves as the market liberalizes. The Mexican energy industry is at last open to foreign companies. Investment opportunities abound as the important first licensing rounds loom. The…
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