Natural gas continued to gain in PJM Interconnection’s annual capacity auction held this month.
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Pemex Readies Oil & Gas Farmout Offensive; Posts Positive 1Q2018 Earnings
In what will be the largest auction of its type, Mexico’s state-owned oil company Petroleos Mexicanos (Pemex) is to offer seven farm-out license contracts in southeastern Mexico, the industry regulator, the National Hydrocarbons Commission (CNH) agreed Thursday.
Current Mexican Government’s Last Auctions Face More than Technical Challenges
What are almost certainly to be the last two upstream auctions of the current Mexican administration, which ends Dec. 1, will face a special challenge to potential investors.
Mexico’s Round 3.1 Auction Expected to Attract $3.8B in Big Oil Investment
The first of three upstream auctions so far announced in Round Three of Mexico’s 2013-14 energy reform is to be held on Tuesday, featuring areas believed to have a high proportion of natural gas.
Industry Delivers Robust Response to Political Jitters in Mexico
Amid political wrangling over the July 1 presidential elections in Mexico, the government and the energy industry issued a robust response by keeping up the pace of upstream auctions with Round 3, as well as “migrations” and farm-outs to private-sector control of areas overseen by state-owned Petroleos Mexicanos (Pemex).
Mexico Ramps Up for Historic Round 3.3 Unconventionals Auction
Mexico’s energy authorities have taken a bold initiative by inviting tenders for the nation’s first auction of unconventional resources of massive but thus far unrealized potential and fraught with potential problems.
Successful Mexico Round 2.4 Offshore Auction Brings International Crowd
Royal Dutch Shell plc was the clear winner Wednesday in the fourth auction of Round Two of Mexico’s 2013-14 energy reform, where it snapped up nine of the 29 mostly oil-focused offshore blocks on offer.
Natural Gas to Feature Prominently in Mexico’s 10th Bidding Round
The Mexican government plans to offer 37 blocks of mostly natural gas-rich prospects in the country’s 10th auction of exploration and production (E&P) contracts, scheduled for late July.
BLM Nets $1M-Plus in Ohio, Louisiana Lease Sales
The U.S. Bureau of Land Management (BLM) auctioned more than 1,184 acres last week for oil and natural gas development in Ohio’s Wayne National Forest (WNF) and Louisiana’s Kisatchie National Forest (KNF), bringing in more than $1 million that is to be split between the federal and state governments.
Mexico Unconventional Development Continues to Stall; Auction Round 2.5 Shelved
Mexico’s first auction for shale and other non-conventional sources has been postponed for a second time, reliable sources have told NGI’s Shale Daily.