Petroleos

Mexico’s state-owned petroleum company, Petroleos Mexicanos (Pemex), announced Wednesday that it has started producing its first shale gas from a test well in Mexico’s portion of the Eagle Ford Shale play.

Halliburton on Tuesday reported a “major reduction in activity” by Mexico’s Petroleos Mexicanos (Pemex) in 4Q2009, which it said was caused by “low natural gas prices and other constraints.”

Halliburton last week reported a “major reduction in activity” by Mexico’s Petroleos Mexicanos (Pemex) in 4Q2009, which it said was caused by “low natural gas prices and other constraints.”

Petroleos Mexicanos (Pemex) in July plans to offer private companies the opportunity to bid for rights to develop three small natural gas exploration blocks that could produce up to 100 MMcf/d, the company’s exploration and production (E&P) chief said Friday.

Mexico’s national oil company Petroleos Mexicanos (Pemex) has reported that a recent natural gas discovery at its deepwater Lakach field in the Gulf of Mexico (GOM) may hold 308 Bcf in gas reserves, with estimated total possible, probable and proven reserves of up to 1.3 Tcf.

Mexico’s national oil company Petroleos Mexicanos (Pemex) has reported that a recent natural gas discovery at its deepwater Lakach field in the Gulf of Mexico (GOM) may hold 308 Bcf in gas reserves, with estimated total possible, probable and proven reserves of up to 1.3 Tcf.

Mexico’s state-run oil and gas company Petroleos Mexicanos (Pemex) and Calgary-based Nexen Inc. plan to collaborate on research, training and oil and natural gas exploration and production — with an emphasis on offshore deepwater and coalbed methane (CBM) projects.

Mexico’s state-run oil and gas company Petroleos Mexicanos (Pemex) and Calgary-based Nexen Inc. plan to collaborate on research, training and oil and natural gas exploration and production — with an emphasis on offshore deepwater and coalbed methane (CBM) projects.

While the Mexican national oil company, Petroleos Mexicanos (PEMEX) worked to bring its major natural gas supply pipelines back into operation last week following major explosions carried out by terrorists on its natural gas and oil pipelines, analysts in the United State said that despite the limited connections to the affected region in Mexico, the blasts early last Monday initially had a psychological impact on the U.S. natural gas market.