Ronald Buchanan

Mexico’s upstream regulator has urged the government to spin off a separate natural gas company from state oil company Petroleos Mexicanos (Pemex), along the lines of Russia’s Gazprom, or BP Gas that emerged from the umbrella of the UK-based oil major.

Mexico’s upstream regulator has urged the government to spin off a separate natural gas company from state oil company Petroleos Mexicanos (Pemex), along the lines of Russia’s Gazprom, or BP Gas that emerged from the umbrella of the UK-based oil major.

Following a hearing in Singapore, Mexican-based oilfield services company Servicios Petroleros Oro Negro SAPI de CV has been cleared to negotiate with creditors a year after it sought the protection of the law under a bankruptcy procedure, known as concurso mercantil, similar to Chapter 11 in the United States.

Following a hearing in Singapore, Mexican-based oilfield services (OFS) company Servicios Petroleros Oro Negro SAPI de CV has been cleared to negotiate with creditors a year after it sought the protection of the law under a bankruptcy procedure, known as concurso mercantil, similar to Chapter 11 in the United States.

Don’t call it a comeback, but natural gas futures bulls reasserted themselves Tuesday, seizing on strong cash prices and signs of continued weather-driven demand to rally a market in need of a mild shoulder season to refill depleted stockpiles. Spot prices surged in the Mid-Atlantic as West Texas cash basis weakened; the NGI National Spot Gas Average added 3 cents to $2.75/MMBtu.

Business leaders in Mexico’s northern Gulf state of Tamaulipas fear that a potential ban on hydraulic fracturing (fracking) used in unconventional oil and natural gas drilling could doom their economically depressed region to a future of more poverty and crime.

It was déjà vu all over again for the Mexican oil industry, when President-Elect Andrés Manuel Lopez Obradór visited his home state Tabasco last weekend to meet with Mexican service companies.

Business leaders in Mexico’s northern Gulf state of Tamaulipas fear that a potential ban on hydraulic fracturing (fracking) used in unconventional oil and natural gas drilling could doom their economically depressed region to a future of more poverty and crime.

Seventy-three companies from 20 nations are exploring for oil and natural gas in Mexico, where every aspect of the hydrocarbons business, from upstream to retail, was a state monopoly until the 2013-14 nation’s energy reform, President Enrique Peña Nieto said this week in his sixth and last annual state of the nation address, known as the Informe.