mexico | Egypt Oil & Gas - Part 3
Oil Supermajors Apply to Bid for Mexican Oil Blocks
US energy giants Exxon Mobil and Chevron are among the 21 companies that have registered to bid for Mexico’s fourth phase of maiden offshore oil blocks auction –estimated to contain 4b boe in reserves– alongside... Mexico to Support National Oil Company Pemex With $4.2b
Mexico’s finance ministry announced a series of measures to improve national oil company Pemex’s ailing finances, giving $4.2b liquidity boost. As Reuters reported, that includes a capital injection and a ...
Mexico’s Proven Oil and Gas Reserves Fell 21% in 2015
The Mexican oil regulator informed that a new estimate of country’s proven oil and gas reserves that have an over 90% chance of being extracted with the existing technology have dropped in 2015, with crude oil r...
Ecuador Calls on Colombia, Mexico to Freeze Oil Output
Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC pr...
US Gulf Oil, First Foreign Co. to Enter Mexico’s Gasoline Market
US based Gulf Oil LP is entering Mexico’s gasoline retail market and becoming the first foreign company to do so after the energy reform ended more than seven decades of government monopoly in the sector. Gulf O...
LatAm Oil Producers Meeting Postponed
A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties, Ecuador&... Mexican Pemex Seeking New Investors Amid Liquidity Crunch
Pemex, Mexico’s state oil company, is hoping that an infusion of capital from private equity firms and other foreign investors will help it stave off a pressing liquidity crunch, Platts reported. Pemex, which is going...
Mexico Slowing Deepwater Oil Auctions
Mexican regulators announced that they would continue easing the pace of oil auctions on deepwater and shale production for private investors – in line with the country’s controversial energy reform –...
