EIA Says Mexico's Burgos Basin Has Vast Potential

The natural gas-heavy Burgos Basin in northern Mexico accounted for 15% of the country’s total gas production in 2016, and foreign investment in the play could put it on par with the Eagle Ford Shale in South Texas, according to the U.S. Energy Information Administration (EIA). Read More

Pemex Eyeing International Collaboration for Mexico E&P Farm-Outs

When Brazil’s energy industry was reformed more than a decade ago, state oil company Petroleo Brasileiro SA, aka Petrobras, raised $70 billion through an initial public offering amid a buying frenzy in the Sao Paulo stock exchange. Mexico’s state-owned Petroleos Mexicano had no such luck in the country’s oil and gas reform, but the company has no plans to go it alone. Read More