Mexico ///

Reeling from job cuts, Mexican oil country pins hopes on a rebel

In the wetlands of Tabasco in southeast Mexico, indigenous farmers stand guard outside oil wells. They have no official status -– but anyone who wants to do business there has to pay to get past.

Wood, Roue and Cisco open oil and gas center in Mexico

Wood, Cisco and Roue Consultores have opened a new Oil and Gas Advanced Technology Centre (ATC) in Naucalpan, Estado de Mexico.

For Pemex, an $84.5 billion question in leftist Lopez Obrador

Five years after a landmark overhaul of energy laws stripped Mexico’s state oil-and-gas producer of its monopoly, few investors are eager for it to be restored.

Eni, Qatar said to hold talks for deal on giant Mexico field

Eni SpA is in talks to sell a stake in its giant oil discovery in Mexico to Qatar Petroleum International, according to people with knowledge of the plans.

European majors join race for Mexico oil bonanza in Gulf waters

European oil majors are swarming the shallow-waters of the Gulf of Mexico as the country races to attract investment before an election.

Eni awarded new E&P license in the Cuenca Salina basin, offshore Mexico

Eni and its partner Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina basin, offshore Mexico. This allows Eni to build up and consolidate a new core area with significant operational synergies in the Country.

Pemex, Lewis Energy sign contract for assessment and development of Olmos field

Petróleos Mexicanos and Lewis Energy México signed the first Integrated Exploration and Extraction Contract (CSIEE) for Olmos field, which is located in the state of Coahuila. The purpose is to assess and develop the Eagle Ford field in Mexico.

Texas Alliance contacts Trump regarding NAFTA negotiations, steel tariffs

The Texas Alliance of Energy Producers continues to monitor NAFTA trade negotiations and steel tariffs. It was just last month the TAEP Board passed a resolution asking the U.S. government to recognize the importance of oil and gas exports under NAFTA.

Clyde & Co secures landmark oil and gas floating pledge agreement in Mexico

Global law firm Clyde & Co has advised Petrolera Perseus, a Mexican oil company, on the first ever floating pledge agreement over the interest of oil & gas license contracts in Mexico.

CERAWeek '18: Pemex CEO stresses the importance of partnerships in Mexico

On Tuesday, during CERAWeek, IHS Markit’s senior V.P., Carlos Pascual, sat down with Pemex CEO Carlos Treviño and Petronas President & Group CEO Wan Zulkiflee, to discuss the increasingly critical future of upstream partnerships. Treviño said that “the new name of the game, for Pemex, is ‘partnerships.’”

AMLO wants public's view on Mexico oil law, state candidate says

Mexico’s leftist front-runner Andres Manuel Lopez Obrador intends to seek a public consultation on the nation’s landmark energy reform, raising the possibility that the opening of the oil industry could be overturned, according to his Veracruz gubernatorial candidate.

Mexican candidate's plan to build refineries raises eyebrows

Industry observers have serious doubts about the Mexican presidential front-runner’s plan to build new refineries that could cost $6 billion to $10 billion.

Baker Institute expert: Mexico must address decline in its natural gas production

Private and state-owned companies, from producers to pipeline operators, and a solid governmental regulatory apparatus must now help guarantee the consistent supply of natural gas, said Adrian Duhalt, postdoctoral fellow in Mexico energy studies in the institute’s Mexico Center and Center for Energy Studies.

Mexico officially joins IEA as 30th member country

Mexico officially became the International Energy Agency's 30th member country on Feb. 17, 2018, and its first member in Latin America.

Pemex focuses on infrastructure improvements to bolster oil output

With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos.

Eni wins rights to Block 24 in deepwater Mexico

Eni and its partner Qatar Petroleum have been awarded rights to Block 24 located in the deep waters of the Cuenca Salina basin in Mexico.

Shell wins nine key blocks in Mexico deepwater bid round

In the deepwater bid round for the Mexican Gulf of Mexico, Shell Exploración y Extracción de México, S.A. de C.V., (Shell) won four exploration blocks on its own, one with its partner Pemex Exploración y Producción and four with its partner Qatar Petroleum International Limited.

Mexico to hold bid rounds as presidential election nears

Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) recently launched the Rolligon dry additive mix unit, which uses a custom-designed mixer to pre-mix the gel powder with water on the fly, giving optimum gel quaity even at high rates.

Mexico light oil vanishes from markets, leaving U.S. to plug gap

Pemex’s crude menu has just gotten simpler.