Mexico ///

Scottish universities to partner in major energy sector education program in Mexico

The North-east of Scotland is set for an international boost, as its universities have been named as two of only four European institutions to be chosen by the Mexican Government to work in collaboration with Mexican universities to address the future needs of the country’s energy sector.

Talos Energy gets approval for Zama appraisal plan

Talos Energy Inc. has announced the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery.

Mexico oil auction winners stay positive as industry slows down

Mexico’s oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a feature of the country’s political transition and won’t be permanent.

Pemex, Block 7 consortium sign Mexico's first pre-unitization agreement

Petróleos Mexicanos (Pemex) and Talos Energy, as operator of the Block 7 Consortium, have announced that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and Premier Oil) have signed a pre-unitization agreement (PUA) related to certain tracts within the Amoca-Yaxche-03 allocation and the contiguous Block 7 production sharing contract.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.

AMLO targets $3.9 billion in new oil investment

Mexico’s next president Andres Manuel Lopez Obrador will allocate 75 billion pesos ($3.9 billion) in the budget next year to oil extraction in a bid to resuscitate flagging output.

Mexico's next president says historic oil auctions will continue

Mexico’s next president said he will continue with oil auctions in the first signs that he is backtracking on plans to scale back the country’s historic 2014 energy reforms.

Ikon Science donates geoscience software to Mexico's ITPE

Ikon Science, the leader in geoprediction technology, has donated 12 of its RokDoc geoscience software licenses to the ITPE - Instituto Tecnológico del Petróleo y Energía in Merida, Mexico.

Sources say AMLO plans to name Ruiz Alarcon as the next Pemex E&P chief

Mexico President-elect Andres Manuel Lopez Obrador will name Fluvio Ruiz Alarcon as Petroleos Mexicanos’s next exploration and production chief, according to two people with knowledge of the plans.

Mexican economy stalls with declines in oil and industry output

Mexico’s economy stalled in the second quarter amid a drop in oil and industrial output and a slowdown in services activity.

AMLO is said to favor cutting red tape on Pemex partnerships

Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way.

Mexico’s president-elect oil stance complicates Nafta talks

As Mexico pushes to wrap up a Nafta deal with the U.S., negotiators are facing a new challenge.

OPEC plus or OPEC minus? Rosneft points to oil cartel in flux

Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.

McDermott awarded EPCI subsea tie-back contract for Pemex's Ayatsil field

McDermott International, Inc. has announced a sizeable contract award by Pemex Exploración y Producción for subsea pipeline flowline installation in support of Ayatsil field, located 50 mi northwest of Ciudad del Carmen, in the Bay of Campeche, offshore Mexico.

Petrofac sells interest in Mexico for $200 million

Petrofac Limited has announced that it has signed an agreement to sell 49% of the Company’s operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited.

Eni gets approval for development of discoveries in Mexico's offshore Area 1

Eni announces that Mexico’s National Hydrocarbon Commission (Comisión Nacional de Hidrocarburos, CNH) has approved the development plan for the discoveries of Amoca, Miztón and Tecoalli, located in Area 1 (Eni 100%), in the shallow waters of the Campeche Bay.

Mexico's next president promises Pemex investment, names new CEO

Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 billion) in the oil sector, in a bid to revive the state-owned oil company.

‘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.

Steel tariffs: A campaign promise the oil industry hoped Trump would not keep

David Blackmon, Contributing Editor

On March 1, U.S. President Donald Trump announced 25% tariffs on imported steel and aluminum. The E&P industry is telling Congress and the administration that this is a bad idea. The real question is “Why Was Anyone Surprised?”

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.