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Renaissance suggests a new royalty structure for future rounds

Renaissance Oil, which feels proud to be the first private company to extract oil in Mexico after 70 years, considers that the royalty fee structure that it will pay to the state for oil production in the three blocks acquired in the Round One, generates too much pressure on the investments required to extract oil at great depths.

Friday, July 8th, 2016

Pemex keeps looking for partners

Pemex under José Antonio González Anaya seeks to continue opening to the world and, for the first time in the state-oil company’s history, is looking to join forces with foreign partners to explore oil both deep water fields and onshore.

Tuesday, July 5th, 2016

Pemex independents directors’ salaries

Being one of the five persons who advise Petróleos Mexicanos (Pemex) is a great benefit for their pockets. According to El Universal, during the past fifteen months, Pemex’s disbursed around MXN$ 14.4 million (Approx. US$ 791.1 thousand) to the Independent Directors for their services.

Friday, July 1st, 2016

ABB Group is looking to growth in Mexico

Asea Brown Boveri (ABB) is very interested in improving its market share in the automotive and energy sectors in Mexico.

Friday, July 1st, 2016

Pemex is selling 20 gas stations

Last Monday in our article about fuel industry liberalization in Mexico, we said that in 5 years that most of the fuel distribution market (60%) expects to pass to private hands.

Wednesday, June 29th, 2016

After 78 years, a foreign private company extracts hydrocarbons in Mexico

Renaissance Oil Corp. is the first company after 78 years to compete with state -owned Pemex in hydrocarbons production and commercialization in Mexico.

Friday, June 24th, 2016

“3 de 3” law could generate problems to Pemex´s intentions

The “3 de 3” law, recently approved in Mexico, has already generated some concerns, especially to Pemex. The State-Company is currently seeking partnerships with private companies abroad.

Wednesday, June 22nd, 2016

Mexican companies cut more than 9,000 jobs during 2015

When the price of WTI (West Texas Intermediate) surpassed the US$100 per barrel in 2014, it was all happiness in the sector with large projections and expectations; just two years later with the barrel closer to US$50, things have changed substantially.

Wednesday, June 15th, 2016

Ecopetrol drops out of first Mexico bidding round

Ecopetrol (NYSE:EC) has withdrawn its participation in a consortium formed to bid on offshore blocks in the Mexico Round 1 just days ahead of the presentation of bids.

Wednesday, July 8th, 2015

ECP, PRE set their sights on Mexico

Ecopetrol (NYSE:EC) and Pacific Rubiales (TSX:PRE) are both looking north and making the upcoming concession round in Mexico one of their main targets looking forward. Both are included in the list of 39 firms pre-qualified for Round One.

Wednesday, April 1st, 2015