Mexico

In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy’s Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt.

Mexico’s sovereign oil fund is looking to contract marketers for the hydrocarbons it receives from operators with production-sharing agreements (PSA).

Three companies are bidding for a pipeline project to supply natural gas to power plants in northwestern Mexico.

Two of three oil and natural gas exploration and production (E&P) farmouts on offer with Mexico’s Petroleos Mexicanos (Pemex) were snapped up Wednesday in an auction organized by upstream regulator, the National Hydrocarbons Commission (CNH).

Natural gas trading volumes reported to the Mexican energy regulator in August more than doubled over the previous month.

Mexico’s upstream hydrocarbons regulator on Thursday authorized a new auction for shallow water natural gas and oil exploration and production (E&P) leases, while also dropping a block from its ongoing deepwater round.

Mexico’s National Hydrocarbons Commission (CNH) has approved the final list of participants in three farmout auctions scheduled for next week.

Mexican officials will push for President Enrique Peña Nieto’s energy reform to the very last day of his administration in 2018, Energy Secretary Pedro Joaquin Coldwell said Monday.

In a pair of meetings held in recent days officials from Texas, Mexico and representatives of several energy companies discussed oil and natural gas trade across the international border.