mexico | Egypt Oil & Gas - Part 4

Mexico Offers its First Deep-Water Exploration Blocks to Bidders

Mexico is offering its first deep-water oil and gas exploration blocks to bidders as part of the historic energy industry overhaul that will open the sector to private investment, FoxNews Latino reported. The Secretar...

Mexico Expands Offshore, Onshore Production via International Companies

Italian ENI has signed its first 25-year long production-sharing contract with the Mexican Comisión Nacional de Hidrocarburos (CNH) for oil and gas production in three fields in the Bay of Campeche offshore Mexico, Oi...

Mexico to Receive $6b from Oil Hedge Deals

Mexico will receive at least $6b from its oil hedge deals in 2015, Bloomberg reports. The country locks in its oil price each year through deals with banks to protect against price declines. For 2015, the government o...

Mexico’s Crude Exports to US Drop to 25-year Low

Mexico’s crude exports to the US dropped to their lowest level in 25 years in September, as the Latin American nation seeks other buyers in response to reduced demand from US refiners, reports Bloomberg. Mexico&...

Mexico Changes Bid Round Approach

After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast, said the Financial Times. The Mexican oil sector was ope...

Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves

Mexico is willing to work with OPEC if the group tries to stabilize crude markets and level out oil prices, Iran’s Oil Minister Bijan Namdar Zanganeh said after talks with Mexico’s labor secretary Alfonso Navarrete Pr...

Mexico’s Pemex Unlikely to Meet Production Targets

Petróleos Mexicanos, commonly known as Pemex, is unlikely to meet production goals for this year, The Wall Street Journal reported. The company has faced major obstacles over the past year as the Mexican government op...

Mexican Oil and Gas Plays Struggle to Attract Investment

A full two years after Mexico was opened up to competition with Pemex, the state is struggling to attract investment, said Offshore Engineer in a recent report. In 2013 the Mexican government dismantled the structures...

New Rules Spur Exports of Natural Gas to Mexico

Recent laws opening up Mexico to natural gas imports have the US industry scrambling for a piece of the pie, said a recent report by the Chicago Tribune. The report detailed more than $10b in planned or current invest...

Mexico’s PEMEX Missing Nearly 3m Barrels of Oil

Petroleos Mexicanos seems to have misplaced 2.7 million barrels of oil. Since a deadly blast on April 1 tore through one of its offshore platforms, the state oil giant has baffled industry analysts with its assessment...

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