Mexico’s Oil Output Hits Record Low in July

• Wednesday, 2nd September 2020
• by Editorial Team

Mexico’s oil output hit a record low in July at 1.605 million barrels per day (mmbbl/d), with both national oil company Pemex and private oil producer’s production down from June’s figures, according to Reuters. Where...

Gasoline, Diesel Demand Shows Signs of Recovery in Mexico

• Sunday, 9th August 2020
• by Fatma Ahmed

According to data issued by the Energy Secretariat (SENER), diesel and gasoline demand in Mexico continue to recover as business and industrial operations are coming back gradually despite the increase of number of co...

Pemex, Talos Instructed to Find Resolution Over Zama Discovery

• Thursday, 9th July 2020
• by Editorial Team

Mexican state-run oil company Pemex and America’s Talos Energy Inc have been ordered by the energy ministry to find a resolution over how they will jointly develop the large Zama offshore oil discovery, according to R...

Mexico Refuses to Join July’s OPEC Cuts

• Sunday, 7th June 2020
• by Editorial Team

OPEC member Mexico has stated that it will not join other top oil producing countries in supporting further oil cuts in July, according to Reuters.   Energy minister Rocio Nahle, confirmed that Mexico would not partic...

Wintershall Dea Makes Significant Oil Discoveries in Mexico

• Thursday, 7th May 2020
• by Editorial Team

Wintershall Dea and its license partners have made two significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico, according to a press release. The Polok-1 exploration well was dri...

Qatar Petroleum Acquires 35% Stake in Eni’s Mexican Offshore Oil Fields

• Monday, 17th December 2018
• by Editorial Team

Qatar Petroleum has signed a deal with Eni to acquire a 35% stake in three of the Italian company’s Mexican offshore oilfields, the company announced in a press release. The agreement covers the Amoca, Mitzon, a...

Mexico Finances 90% of Zohr Pipeline Costs

• Thursday, 10th May 2018
• by Sarah Samir

Mexican investment has financed 90% of the costs of the pipelines installed in the Zohr natural gas field, the Mexican ambassador to Cairo, Jose Octavio Tripp, has said, according to Al Ahram Newspaper. The ambassador...

Egypt, Ukraine Discuss Boosting E&P Investments

• Sunday, 11th February 2018
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Ukrainian Ambassador in Cairo, Hennadii Latii, and Deputy Chairman of Naftogaz of Ukraine, Sergiy Konovets, to discuss boosting cooper...

Cheiron to Partner in the Development of Mexican Oil Field

• Sunday, 8th October 2017
• by Sarah Samir

Egypt’s Cheiron Holding Company won the right to partner with PEMEX, a Mexican company, to develop the Cardenas-Mora project in Mexico, Reuters reports. The Cardenas-Mora field is located in the Mexican state of...

OPEC Might Extend Output Cut Deal

• Sunday, 15th January 2017
• by Egypt Oil & Gas

The Organization for Petroleum Exporting Countries (OPEC) could extend its oil output cuts to the end of 2017, provided other producers continue to cooperate on the deal, CNN Money reported. Kuwait’s Oil Ministe...