Mexico ///

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.

Mexico oil hedge expected to continue with president-elect, adviser says

Mexico’s new government will probably continue hedging the country’s oil output in what is the world’s largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador.

Mexico's oil reforms expected to slow down with new government

The election of Mexico’s first left-wing president in recent decades is expected to slow the country’s march toward the creation of a private oil market, though not derail it.

Pemex races ahead in hunt for partners as election approaches

Petroleos Mexicanos is accelerating efforts to bring on partners before an election that could slow foreign investment in Mexico’s oil industry.

The natural gas market in 2017

Armelle Lecarpentier, CEDIGAZ

In 2017, global natural gas demand’s above-average growth reshaped market fundamentals and  prevented the development of a global natural gas bubble. Meanwhile, global natural gas consumption doubled its 2016 growth rate, and it was well ahead of the previous five-year trend.

Mexico drillers sign first farm-out deal without state oil giant

Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company PEMEX.

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.