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Mexico’s Pemex Secures $9.8B Offshore Development Plan Approval

Mexico’s Pemex Secures $9.8B Offshore Development Plan Approval

Regulators in Mexico approved a modified development plan submitted by state oil company Petróleos Mexicanos (Pemex) for the Maloob shallow water field. Pemex expects capital expenditures (capex) to total $9.8 billion between 2023 and 2034 at Maloob, which is part of the Ku-Maloob-Zaap complex. Operating expenditures are expected to reach $4.36 billion, bringing total investment…

September 20, 2023
Next Five Years ‘Going to be Very Good’ for Mexico Natural Gas Output, Says CNH Commissioner

Next Five Years ‘Going to be Very Good’ for Mexico Natural Gas Output, Says CNH Commissioner

Mexico’s natural gas production is poised to continue growing, according to one of the nation’s top energy authorities. Speaking at the Mexico Gas Summit in San Antonio, TX, on Tuesday, Comisión Nacional de Hidrocarburos (CNH) Commissioner Hector Moreria said the “the outlook for the sector is very positive.” Moreira said that private sector investment in…

June 6, 2023
North American Natural Gas Exports Set to Rise by 46% as Mexican Projects Advance

North American Natural Gas Exports Set to Rise by 46% as Mexican Projects Advance

Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

October 10, 2022
Oil, Gas Industry Expresses Concern Over Changes at Mexico’s Upstream Regulator

Oil, Gas Industry Expresses Concern Over Changes at Mexico’s Upstream Regulator

Mexico’s Hydrocarbon Companies Association (AMEXHI) has urged the country’s Senate to expedite the appointment of a new head at upstream regulator Comisión Nacional de Hidrocarburos (CNH). Former head Rogelio Hernández’s resignation was made public last week, meaning the CNH now has three active members. By law, the CNH requires four commissioners for duties to be…

September 12, 2022
Mexico Regulator Gives OK to Burgos Exploration Projects South of Texas Border

Mexico Regulator Gives OK to Burgos Exploration Projects South of Texas Border

Mexico’s upstream oil and gas regulator, Comisión Nacional de Hidrocarburos (CNH), has approved the appraisal plan by exploration and production firm Pantera Exploración y Producción to drill two wells in the Burgos Basin south of the Texas border.  One well is the Patriota-106DEL in Tamaulipas state, part of a modification to the evaluation program approved…

June 24, 2020
Pemex Meets New Associated Gas Use Standards at 131 Oilfields, Regulator Says

Pemex Meets New Associated Gas Use Standards at 131 Oilfields, Regulator Says

Petroleos Mexicanos (Pemex) is complying with new associated gas utilization rules at 131 of its oilfields, according Mexico’s upstream regulator.

June 27, 2018