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Mexican oil extraction falls

The latest extraction data for May, published by Pemex, is not very positive because production stood at 2.17 mmbbl, which shows a drop of 2.3% compared to the same period last year; production at that time was 2.22 mmbbl.

Thursday, June 9th, 2016
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SENER emits guidelines and model contracts

As part of the Energy Reform, the Secretary of Energy (SENER) issued guidelines and model contracts for the use, involvement or, where appropriate, acquisition of land, assets or rights for the exploration and extraction oil and transportation through pipelines.

Wednesday, June 8th, 2016
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Energy Reform and its first scandal?

Mexican Energy Reform so far is taking its first steps and is already beginning to generate controversial news. It has created the Mexican Oil Fund (FMP), which will be central to the new energy era in the country.

Tuesday, June 7th, 2016
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Crude reserves fall from excluding Mexico’s largest field

According to an article in El Financiero, the National Hydrocarbons Commission (CNH) decided to exclude the Akal field, which is part of Cantarell complex, the largest discovered in Mexico so far, in the counting of petroleum reserves.

Friday, June 3rd, 2016
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Main corruption risks in Mexican oil sector

In search for new investments to strengthen the oil sector in Mexico and with energy reform under way, some concerns are emerging about corruption risks facing the industry.

Thursday, June 2nd, 2016
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Pemex growing exports to Europe and Asia

Noticing the threat posed by dependence on oil exports to one country (USA), Pemex has been implementing a strategy of market diversification since 2011. Crude sales to its main buyer, the US, have fallen 37% (2011-2015), from 1.24 mmbbl to 691 mbbl, mostly because USA has gone from being an importer to producer.

Wednesday, June 1st, 2016
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Jalisco offers land to improve infrastructure

The liberalization of gasoline price attracts large companies and investors, but it also shows some industry’s deficiencies. One of them is the lack of infrastructure.

Monday, January 18th, 2016
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Mexico auction a 100% success UPDATED

After a necessary change in the rules, which allowed individuals access to the recently-opened Mexican oil market, and after two disappointing Round One auctions, the third phase was held yesterday (December 15, 2015). All 25 available contracts were awarded, making it is the most successful round so far.

Tuesday, December 15th, 2015
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More lessons from Mexico’s Round

Colombian authorities should be paying close attention to not just the results of the first Mexico Round, but how the rest of the process plays out. It clearly demonstrates that contract conditions and geology weigh just as heavily as state take when deciding whether to bid or not, says a business publication.

Wednesday, August 12th, 2015
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Bad week in Mexico and it is only Wednesday

Bad week in Mexico and it is only Wednesday

The map comes from the National Hydrocarbons Commission (CNH) webpage. The details for each block can be found on the same page but we provide a summary below.

Wednesday, July 15th, 2015
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