pemex

Mexico national oil company Petróleos Mexicanos (Pemex) on Tuesday reported it has discovered two shallow water oilfields off the coast of Tabasco state in the Gulf of Mexico.

The price of the international Mexican export mix of crude, as reported by the state oil company Petroleos Mexicanos (Pemex), was $76.34/bbl on Monday (Oct. 1), compared with a year ago when the price was $47.60. Is that a good omen for President-Elect Andrés Manuel López Obrador?

Mexican President-Elect Andrés Manuel López Obrador signaled late last week that his administration will honor the 107 contracts awarded so far through oil and gas bid rounds conducted under the current administration led by President Enrique Peña Nieto.

Mexico must unlock its deepwater and unconventional hydrocarbon resources to reverse a decade-and-a-half trend of declining output, according to hydrocarbons undersecretary Aldo Flores.

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.

Mexico’s next government will prioritize natural gas production, transportation and storage projects, according to a top energy adviser of President-elect Andrés Manuel López Obrador.

The suspension of oil and gas bid rounds by Mexico’s next government will hopefully only last a few months, according to one of President-Elect Andrés Manuel López Obrador’s (AMLO) top energy advisers.

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.