Mexico
News
March 11, 2015
New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 MMboe of 2P reserves. These fields, which have not yet been put into production, are organized in five different contractual areas within the Salinas Sureste basin.
News
March 04, 2015
Because of the long timelines associated with Gulf of Mexico (GoM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GoM crude oil production through 2016, according to the U.S. Energy Information Administration's Today in Energy report..
News
March 03, 2015
BOEM Director Abigail Ross Hopper has announced that the bureau will offer more than 21 million acres offshore Texas for exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.
News
March 02, 2015
Mexico’s hopes of replicating the U.S. offshore oil boom rest on authorities sweetening contract terms after prices collapsed, according to prospective drillers, as preliminary terms being offered by Mexico “need to be a little more competitive,” according to the CEO of BP.
News
March 02, 2015
OMEGA Engineering has inaugurated its new office in Mexico. This is in line with OMEGA's strategy to expand its business and leadership globally.
News
March 01, 2015
MEXICO CITY -- Petroleos Mexicanos is negotiating reduced rig rates with all of its providers after the state-owned oil producer posted a ninth straight quarterly loss on slumping crude prices.
News
February 27, 2015
Ships carrying oil from Mexico are sailing to South Korea for the first time in more than two decades as the U.S. shale boom brings bargains from around the globe.
News
February 26, 2015
Seadrill, the offshore driller controlled by billionaire John Fredriksen, said fourth-quarter profit fell by a third as low oil prices weaken demand for rigs, forcing it to delay the delivery of new units and consider lowering rates on existing contracts.
News
February 25, 2015
McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
News
February 25, 2015
Elsevier has launched Geofacets Mexico, a special edition of Geofacets, designed to give oil and gas companies a competitive advantage in completing Mexico’s oil and gas block bidding.
News
February 20, 2015
Sempra Energy announced Thursday that its IEnova and Sempra LNG units have signed a Memorandum of Understanding with a subsidiary of Pemex for cooperation and coordination in developing a natural gas liquefaction project at the site of the Energía Costa Azul receipt terminal in Ensenada, Mexico.
News
February 19, 2015
MEXICO CITY (Bloomberg) -- Sempra Energy agreed to join state-run Petroleos Mexicanos’s plan to build the first export facility for liquefied natural gas in Mexico at an under-utilized import terminal on the Pacific Coast.
News
January 22, 2015
With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData.
News
January 19, 2015
MEXICO CITY (Bloomberg) -- Petroleos Mexicanos is joining oil producers worldwide in the race to lower costs as prices plunge, with one difference - no staff cuts.
News
January 09, 2015
CIUDAD DEL CARMEN, Mexico (Bloomberg) -- More than 10,000 people working at Mexican oil service companies were laid off this week as state-owned Petroleos Mexicanos cut contracts in the face of the global slump in crude prices. More job losses are expected. Most of the companies are based in Ciudad del Carmen, on the Campeche Bay in the Gulf of Mexico, and were told this week that contracts wouldn’t be renewed with Pemex, as the world’s ninth largest oil producer is known. Job losses could rise to 50,000, Gonzalo Hernandez, secretary at the Ciudad del Carmen Economic Development Chamber, said in a phone interview.
News
January 09, 2015
MEXICO CITY and HOUSTON (Bloomberg) -- The 40-year old ban on most U.S. crude exports is set to be loosened after Mexico’s state-owned oil company asked for an exception.
News
December 31, 2014
MEXICO CITY (Bloomberg) -- Mexico is headed for its lowest annual oil production on record as state-owned Petroleos Mexicanos prepares for an influx of foreign investment.
