Mexico

The Mexican energy ministry (Sener) on Thursday put out for public comment its long-awaited natural gas storage policy.

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

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.

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.