Petróleos Mexicanos (Pemex) did not receive any offers to partner up for its shallow water Ayin-Batsil area in the Gulf of Mexico in a live auction held by the country’s National Hydrocarbon Commission (CNH) this morning (4 October). Ayin-Batsil…
Mexico has signed 10 exploration and extraction contracts with bid round winners from this June's shallow water Round 2.1. Companies signing contracts on Monday (25 September) included Mexico's state owned firm Pemex and its partners Germany's DEA and Colombian operator Ecopetrol…
Mexico's Petróleos Mexicanos (Pemex) is seeking a partner for its Nobilis-Maximino deepwater area in the Gulf of Mexico, following the company's strategy to take advantage of the Energy Reform. Map of Nobilis-Maximino…
Mexico is delaying the bid process for companies to partner with Petróleos Mexicanos (Pemex) for its shallow water areas Ayín-Batsil, by three months. Image from Pemex. The country’s regulator…
Mexico’s state owned oil company Pemex and Australia’s BHP Billiton have made their partnership official, signing an agreement to jointly develop the deepwater Trión discovery, offshore Mexico, both firms announced today (3 March). In December…
Mexico’s Petróleos Mexicanos (Pemex) expects to carry out exploration activities at Trión this year, with initial production slated to start in 2023. Image of José Antonio González Anaya, from Pemex Flickr…
Mexico’s national oil company Petróleos Mexicanos (Pemex) unveiled its 2016-2021 business plan that will see the company take advantage of the Energy Reform with an aggressive farmout program, expecting to increase production by 15%. Image from Pemex…
Mexican state owned oil company Petróleos Mexicanos (Pemex) has applied to Mexico's Energy Ministry, SENER, for a joint venture for two shallow water fields in the Gulf of Mexico on 18 October, according to news reports. Image from Pemex…
Mexican national oil company Petróleos Mexicanos (Pemex) has made six oil discoveries offshore Mexico, with one particular find holding 140-160 MMboe of potential reserves. The company also revealed its plans to drill more than a dozen offshore exploration wells next year…
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…
Due to the low oil prices heard around the world, Mexico’s Pemex is cutting its budget by a massive US$5.52 billion ($100 billion pesos) to help meets its financial goal by deferring and dropping less-urgent projects. Undersecretary…
Another deadly accident has struck the Abkatún complex in the Bay of Campeche, offshore Mexico. Three workers have died and six more have been injured following a new fire yesterday at the Abkatún complex, Mexico’s state oil company, Pemex…
Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) has found that Petróleos Mexicanos' (Pemex) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, was caused by a leak in a rarely used gas fuel line that had corroded…
Mexico’s national oil company Petróleos Mexicanos (PEMEX) suffered a 62% loss in its net income in 2Q 2015 of nearly US$52 billion ($84.6 billion MXN), a significant difference when compared to last year’s net income loss of $32.1 billion ($52…
A fire aboard Petróleos Mexicanos’ (Pemex) unmanned Akal-H platform was quickly put out on Monday (22 June) in the Bay of Campeche. The Akal-H platform. From Pemex Flickr. Four…
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