Chicontepec

OFS Company’s Bankruptcy a Cautionary Tale for Mexico E&P

OFS Company’s Bankruptcy a Cautionary Tale for Mexico E&P

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.

September 20, 2018
Renaissance Oil, Mexico’s No. 2 Producer, Working to Tap Tampico-Mislanta Basin

Renaissance Oil, Mexico’s No. 2 Producer, Working to Tap Tampico-Mislanta Basin

Renaissance Oil Corp., a relative newcomer to the industry, is facing a tough nut to crack in Mexico, but the Canadian-based producer is setting up to hit what it is eyeing as a home run in the Tampico-Misantla Basin.

January 10, 2018