Mexico ///

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.

Genoil, Grupo Roales partner to develop oil projects in Mexico

Genoil, the publicly traded clean technology engineering company for the petroleum industry, and Grupo Roales Mexico, today announced that that they have formed a ten-year alliance and partnership agreement to jointly engage in bids and develop projects in Mexico.

Mexican protesters disable $400-million natural gas pipeline

A chunk of Sempra Energy’s natural gas pipeline sits in the dirt behind a community center in the village of Loma de Bacum in northwest Mexico.

Simmons Edeco to carry out onshore drilling campaign in Mexico

Simmons Edeco, a leading global oilfield service provider, announced that it has been awarded a contract by Weatherford de Mexico S. de R.L. de C.V., a subsidiary of Weatherford International, to provide drilling services to Canadian-based Renaissance Oil Corp. and its partner Lukoil, which are developing a diversified shale and mature fields portfolio in oil-rich Mexico.

Eni completes 2017 drilling campaign in Mexico's Area 1, increases estimate to 2 Bboe

Eni successfully drilled the Tecoalli 2 well, in the shallow waters of the Campeche Bay, offshore Mexico. Thanks to the results of this well and the revision of the reservoir models of Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 Bboe, of which approximately 90% oil and the remaining associated gas.

CGG releases multi-client airborne gravity, magnetic survey over Perdido Fold Belt, Mexico

CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38,000 line km over the Perdido Fold Belt.

U.S. oil owes Mexico crude for success as tankers ferry both

U.S. crude may owe supply from Mexico for helping it capture a share of the world’s biggest oil market this year.

Pemex revolving door turns as CEO becomes finance minister

Like his predecessors, Jose Antonio Gonzalez Anaya didn’t last long as chief executive officer of Petroleos Mexicanos.

As oil prices rise, global majors eye Mexico's deep waters

As the price of oil rises, an international rush is on for Mexico’s untapped deepwater riches.

Mexico announces biggest onshore oil discovery in 15 years

Petroleos Mexicanos announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies, bolstering the nation’s efforts to revive its oil industry.

Mexico outlay jumps 21% to $1.25 billion for biggest oil hedge

Mexico spent about 24 billion pesos ($1.25 billion) to lock in prices of oil exports for next year, or more than 21% what it paid to hedge crude a year ago, according to Finance Ministry data.

Could Mexico be the next Panama Canal for gas? Drillers think so

Since the first shale gas export terminal opened in Louisiana last year, America’s drillers have seen at least 75 cargoes of their fuel sail through the Panama Canal bound for markets in Asia.

Fugro awarded contract with Pemex for marine site investigation in Mexico

Fugro, in conjunction with long-time associates, Constructora Subacuática Diavaz, S.A. de C.V., has been awarded a large survey contract by Mexico's national oil company, Pemex.

Mexico says world's largest oil hedge has been completed

Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an interview.