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Southern Mexico Offshore Project Reserves Estimate Increased to 2 Billion Boe, Eni Says

Southern Mexico Offshore Project Reserves Estimate Increased to 2 Billion Boe, Eni Says

Eni SpA has raised the estimated oil in place for an offshore block in southern Mexico to 2 billion boe.

December 15, 2017
Second Pemex Deepwater Farmout Canceled by Mexican Upstream Regulator

Second Pemex Deepwater Farmout Canceled by Mexican Upstream Regulator

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.

December 12, 2017
‘Short-Termism,’ Lack of Expertise Said to Diminish Role of Pemex CEO

‘Short-Termism,’ Lack of Expertise Said to Diminish Role of Pemex CEO

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.

December 11, 2017
Mexico’s CNH Brings in Navy to Help Oversee Offshore E&Ps

Mexico’s CNH Brings in Navy to Help Oversee Offshore E&Ps

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.

December 7, 2017
To Reduce NatGas Shortages, Mexico Wants to Amp Up LNG Supply

To Reduce NatGas Shortages, Mexico Wants to Amp Up LNG Supply

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.

December 5, 2017
Mexico Sets Bidder Royalty Caps for January’s Round 2.4 Deepwater Auctions

Mexico Sets Bidder Royalty Caps for January’s Round 2.4 Deepwater Auctions

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).

December 4, 2017

New Pemex Chief Appointed as Gonzalez Anaya Promoted to Mexico’s Finance Minister

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.

November 28, 2017
CRE Begins Overhaul of Mexico’s LDC Regulations

CRE Begins Overhaul of Mexico’s LDC Regulations

The Mexican energy regulator plans to create a single natural gas distribution zone spanning the national territory, one of several upcoming changes to how local distribution companies (LDC) operate in the country.

November 27, 2017
CFEnergia Secures 10-Year, 22 MMcf/d Supply Contract for Mexico Power Plant

CFEnergia Secures 10-Year, 22 MMcf/d Supply Contract for Mexico Power Plant

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.

November 20, 2017

Pemex Locks In 2018 Funding Ahead of Election Year Uncertainty

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.

November 17, 2017