May 19th, 20180Mexico’s energy reform policy is being hampered by complicated regulatory requirements, according to Reuters which cites company bosses and government data to back up the claim.
Energy reform began in 2013 when President Enrique Pena Nieto started opening up the nation’s oil fields to foreign investors and reducing the monopoly...
April 21st, 20180Mexican authorities have banned all state entities – especially the oil firm Pemex - from having business dealings with the Brazilian engineering firm Odebrecht for two-and-a-half years, according to Reuters.
The reason is Odebrecht’s suspected involvement in corrupt dealings with Pemex, the former monopoly holder of domestic oil...
April 6th, 20180An advisor to the leftist candidate leading the polls ahead of Mexico’s presidential election has said that Andres Manuel Lopez Obrador would not overturn the energy reforms that have opened up much offshore oil and gas drilling to foreign and private competition, according to Reuters.
Just two weeks ago Lopez Obrador told an...
March 30th, 20180Irving, Texas-based ExxonMobil won eight blocks offshore Brazil in the latest round of bidding for the country’s oil reserves on Thursday, according to Reuters.
It will operate six of the eight blocks, all of which it won in partnership with other firms.
The winning bids include one of $844 million that Exxon will share with...
March 29th, 20180Mexico’s latest round of hydrocarbons bidding, this one for offshore blocks in shallow waters of the Gulf of Mexico, saw 16 contracts offered to 12 bidders on Tuesday.
The tendered contracts represent investments of $8.6 billion over the life of the contracts but the estimated resources in those areas are about 513 million barrels...
March 26th, 20180Mexico’s energy industry regulator the National Hydrocarbons Commission (CNH) has announced that its next round of tenders for offshore oil and gas development rights has attracted 36 companies from 14 countries.
Bids will open on March 27 and the bidders will be competing for rights in 35 shallow-water contractual areas which will...
March 24th, 20180French supermajor oil company Total has got the go ahead to start drilling deep-water exploration wells in the Gulf of Mexico in October, according to Reuters.
Approval came from Mexico’s energy industry regulator the National Hydrocarbons Commission (CNH) on Friday.
Under the four-year plan Total will drill Block 2 in the Perdido...
March 20th, 20180A leading contender to win July’s presidential election in Mexico has confirmed energy industry fears about his intentions to rein in the reforms of the hydrocarbons sector, including substantial offshore E&P activity, according to Reuters.
Leftist Andres Manuel Lopez Obrador has made no secret of his desire to put a stop to the...
March 7th, 20180Pemex, Mexico’s state oil firm, is considering inviting partners to help develop some of its solo offshore projects in the Gulf of Mexico, according to Reuters.
Two are the deep-water Nobilis-Maximino and Ayin-Batsil projects.
And the Ayatsil and Tekel heavy crude fields in shallow waters could also be offered up for...
February 22nd, 20180Australian energy company BHP Billiton should begin exploratory drilling at the Trion discovery in the Mexican Gulf of Mexico in the fourth quarter of this year, probably October, according to Reuters.
BHP Billiton earned the joint venture rights in December 2016 to team up with Mexico’s state oil firm Pemex in the Trion joint...
