Mexico Must Boost Oil Exploration to Halt Output Fall -Pemex
Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state…
Mexico Expects to Hold a Third O&G Auction in 2018
Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior official said on Thursday, potentially teeing up a third tender in an election year. The bid terms…
Mexico Awaits Next Oil Round with Cautious Optimism
Mexico is looking forward to its next round of offshore oil auctions on Monday with guarded optimism thanks to robust interest from oil majors for the shallow-water tenders. On Monday, Mexico auctions 15 oil and gas blocks…
Latin America Struggles to Stem Pricey Fuel Imports
Analysts expect consumption to keep growing in coming years; Mexico was the largest fuel importer from the U.S. in 2016. Latin American countries are becoming more reliant on costly fuel imports amid floundering efforts to…
Mexico Deep Water Push Leverages Geophysical Data
The data rush of the past two years by many top geophysical companies has sparked some of the biggest imaging projects ever for technology also used to hunt for the ruins of ancient civilizations and explain the fate of the dinosaurs.
Mexico Certifies Bidders for December Deep Water Auctions
Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for Dec. The highly anticipated…
Mexico Eases Consortium Rules for Deep-water Trion JV with Pemex
Mexico's oil regulator on Friday approved a more flexible bidding scheme for a highly anticipated upcoming auction that will pick a partner for national oil company Pemex to jointly develop its deep-water Trion block in the Gulf of Mexico.
Mexico's Oil Auction beats Expectations Despite Price Plunge
Mexico's oil regulator awarded all 25 contracts on offer on Tuesday, beating expectations despite a dramatic plunge in crude prices, in an auction aimed at boosting new Mexican oil companies after a historic sector reform finalized last year.
Talos Energy to Operate Contracts in Mexico
U.S. company Talos Energy LLC, part of a group that won two contracts in an historic Mexican oil auction this week, will carry out production and exploration in the shallow water fields awarded, Mexico's oil and gas regulator said on Friday.
First Mexico Offshore Auction Disappoints
Mexico auctioned only two of 14 blocks in a pivotal oil and gas tender on Wednesday, falling far short of the government's modest expectations as it begins to open up the long-nationalized industry to private investment.
First Phase of Historic Mexico Oil Auction Misses Expectations
Mexico auctioned only two of 14 blocks in a pivotal oil and gas tender on Wednesday, falling far short of the government's modest expectations as it begins to open up the long-nationalized industry to private investment.
Mexico Lifts Bidding Limits for First Batch of Oil Tenders
Mexico's oil regulator voted on Friday to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer with the public auction of 14 shallow water fields. The…
Mexico Removes Bid Limit on Shallow Water Oil Tenders
Mexico's oil regulator voted on Friday to relax previously established rules on bidding terms and contracts that form the first step in an historic sector opening that kicks off this summer with the public auction of 14 shallow water fields.
Mexico to Tender Batch of Onshore Oil Fields in Energy Opening
Mexico's oil sector regulator approved on Monday the call for bids for its next package of contracts covering 26 onshore areas, part of the country's historic energy industry opening after decades of state control. The onshore…
Mexico OKs 5 Shallow Water Areas in Round One Oil Tender
Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday.
Round Zero Makes Pemex Major Player
Mexican regulators on Wednesday granted Pemex the bulk of its acreage request as the nation's oil industry opens to private participation, consolidating the state-led company's status as a major force despite losing its monopoly status.
