Oil And Gas Is Under Attack In Latin America
“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we Continue Reading
Mexico rushes to add heavy oil auction to 2018 calendar: official
Mexico wants to squeeze in a fifth oil auction this year, racing to put together a new package of shallow water heavy crude blocks for bidders before the current administration Continue Reading
Mexico’s Pemex eyeing partners for heavy oil projects: CEO
Mexico’s state-run Pemex [PEMX.UL] might bring partners into two heavy crude oilfields in the Gulf’s shallow waters, the company’s chief said on Tuesday, a move that could help ease a Continue Reading
CERAWEEK: Pemex Seeking Allies For Deepwater Blocks Won In Auction – CEO
Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction. HOUSTON, March 5 (Reuters) – Continue Reading
PEMEX Suffers $18 Billion Loss
The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, PEMEX. Continue Reading
Mexico To Offer First-Ever Shale Blocks In September Auction
Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, which has been Continue Reading
Brazil and Mexico, 2017 Summaries
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
How Shell hid a Whale before placing Mexican oil bet
The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The Continue Reading
Should Energy Investors Fear Mexico’s 2018 Elections?
Within a few months, Mexico will have a new President. With the incumbent Enrique Peña Nieto barred from running, the most likely winner is Andrés Manuel López Obrador, leading his Continue Reading
Presidential Front-Runner Wants to Reassess Mexico’s Energy Overhaul
The front-runner in Mexico’s presidential race would hit the brakes on the rapid pace of private investment in the country’s newly opened oil-and-gas sector if he wins the July election, Continue Reading