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Concessions

More areas for fracking?

The possible development of unconventional projects has generated controversy in the country due to the concerns about these techniques. Andrés Manuel López Obrador (AMLO) has ruled out the implementation of fracking in Mexico. However, the Secretary of Energy (Sener) published its five-year plan, increasing the areas available for these projects.

Saturday, March 23rd, 2019
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Pemex auctions

Andres Manuel Lopez Obrador (AMLO), President of Mexico, continues to announce measures to solve the financial and operational crisis of Pemex. Octavio Romero Oropeza, CEO of Pemex, spoke about the awarding of new oil contracts.

Wednesday, February 27th, 2019
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First oil contracts in AMLO’s administration

Andrés Manuel López Obrador (AMLO) began its strategy to recover the oil sector metrics with a closed auction of oil services. Authorities announced the first winners in this process.

 

Thursday, February 7th, 2019
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New agreement on offshore block

New agreement on offshore block

The National Hydrocarbons Commission (CNH) approved an agreement between PC Carigali (subsidiary of Petronas) and China Offshore Oil Corporation (NYSE: CEO) on a block awarded in Round 1.4.

Tuesday, February 5th, 2019
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Oil contracts

Enrique Peña Nieto (EPN), former President of Mexico, promoted Energy Reform with the promise of reactivating oil production in a short time. His government made three Rounds signing several contracts, but few agreements have given results so far.

Thursday, January 17th, 2019
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AMLO: “Everyone behave well”

Andrés Manuel López Obrador (AMLO) gave a major oil and gas policy speech (in Campeche of course) where he set the goals for his presidency and suggested private investment might have a role, but only if it ‘behaved well’.

Tuesday, December 18th, 2018
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CNH approves changes in oil block

The National Hydrocarbons Commission (CNH) announced decisions on the requested changes of Talos Energy in one of its oil blocks. The entity announced more approvals to other oil contracts.

Thursday, November 1st, 2018
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Sener on oil rounds benefits

Sener on oil rounds benefits

Pedro Joaquín Coldwell, Secretary of Energy (Sener), spoke about the oil rounds benefits in terms of production and reserves in the medium and long. Mexican authorities are optimistic about the oil sector, thanks to the new market players.

Tuesday, October 2nd, 2018
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Round Zero fields

Pemex received the most attractive oil fields in the country in Round Zero, with the commitment to make several investments in these areas and take advantage of their potential. However, the NOC has not fulfilled the commitments and the firm will need a huge budget to invest in these blocks.

Thursday, September 27th, 2018
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Pemex and Talos Energy agreement

Pemex and Talos Energy agreement

Pemex and Talos Energy announced a preliminary agreement on the unification of two important oil blocks in the Gulf of Mexico.

Tuesday, September 25th, 2018
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