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Pemex reduces investment

Pemex reduces investment

Pemex continues reporting poor financial and operational metrics. Oil prices have improved in recent months, but the company continues to report low performance in investment in Exploration and Production (E&P).

Tuesday, May 22nd, 2018
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Round 1.4 benefits

The National Hydrocarbons Commission (CNH) has made several auctions with great success and one of the most attractive was Round 1.4. The CNH approved several exploration programs for the winning companies of this auction, committing large investments for the coming years.

Tuesday, May 22nd, 2018
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Energy associations send needs to candidates

Some proposals on the sector by presidential candidates have generated many concerns among investors and companies. Associations of the Mexican energy sector sent a letter to the presidential candidates.

Thursday, May 17th, 2018
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Shale projects in Coahuila?

The Federal Government wants to promote the development of several oil projects around the country and unconventional ones are some of the most attractive onshore, but these projects also generate a lot of controversy. Alberto de la Fuente, President of Shell in Mexico, spoke about this possibility and the company’s plans for the country.

Wednesday, May 16th, 2018
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Murphy Oil starts activities in Mexico

Murphy Oil will begin exploration activities later this year in the Gulf of Mexico, in an area that won in Round 1.4. The firm says it expects to have the first results by the end of the 1Q19.

Wednesday, May 16th, 2018
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Lewis Energy association with Pemex

Texas-based Lewis Energy announced that together with Pemex, will start an exploration project for the development of the ‘Olmos’ shale gas field in the municipality of Hidalgo, northern Coahuila.

Tuesday, May 15th, 2018
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Noble Corporation is interested in Mexico

The English company has plans for Mexico. CEO Robert Eifle spoke about how Noble’s experience can catalyze its entrance to the Mexican market.

Friday, May 11th, 2018
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Fuel imports effect on Pemex

Fuel imports effect on Pemex

Pemex has significantly increased its dependence on imports of refined-products due to the operational and financial problems in its refineries. Pemex Board of Directors made a report on the effects of this situation.

Thursday, May 10th, 2018
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Oil companies are hiring

The Mexican energy sector is expanding rapidly and this has generated an increase in the need for local labor. Private companies enter the competition to have the best workers.

Tuesday, May 8th, 2018
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Renaissance 2017 results

Renaissance Oil Corp. (TSX-V: ROE) announced its fourth quarter and full year 2017 results. The company reported increased in production and a record level of quarterly revenue.

Monday, May 7th, 2018
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