Eni SpA has raised the estimated oil in place for an offshore block in southern Mexico to 2 billion boe.
Articles from Mexico
The Mexican upstream regulator has called off what would have been the second deepwater farmoutby Petroleos Mexicanos (Pemex) because of a lack of interest, while also authorizing the state-owned producer to carry out additional exploration work on the project.
Since its founding in 1938, the Mexican state oil and natural gas company Petroleos Mexicanos (Pemex) has been regarded with reverence as a symbol of national sovereignty. Yet amid the enthusiasm and the controversy generated by the 2013-14 energy reform, the company has often appeared to be an afterthought.
Mexico’s upstream regulator has signed a cooperation agreement with the country’s Naval Secretariat to monitor offshore exploration and production (E&P) activities using satellite technology.
Mexico plans to announce by mid-December two tenders for liquefied natural gas (LNG) supply to ease potential shortages of natural gas, a senior official has told NGI.
The Mexican government has set the final fiscal terms for next year’s auctions of deepwater oil and natural gas assets in the Gulf of Mexico (GOM).
Carlos Trevino on Monday was appointed director-general of Mexico’s state-owned oil and natural gas company Petroleos Mexicanos (Pemex) by President Enrique Pena Nieto.
CFEnergia, the fuels marketing arm of Mexico’s state power utility, the Comision Federal de Electricidad (CFE), has secured a $100 million, 10-year contract to supply 22 MMcf/d of natural gas for a power plant to be built by a consortium of Emerging America and The Abraaj Group, a CFE spokesman told NGI.
Mexico’s state-owned oil and natural gas company Petroleos Mexicanos (Pemex) earlier this month all but sealed its financial plans for next year with a bond issue of 450 pounds sterling (US$650 million) just before the Mexican Lower House completed a marathon sitting that submitted the complete 2018 federal budget for final approval by President Enrique Pena Nieto.