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New website for investment projects

New website for investment projects

Mexico wants to take advantage Energy Reform opportunities. Mexican authorities created a web page to display infrastructure investment projects.

Wednesday, March 15th, 2017
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CNH signs last Round One contracts

CNH signs last Round One contracts

The National Hydrocarbons Commission (CNH) announced the signature of the last of the Round One contracts . These agreements are the product of the fourth tender and are the most profitable signed so far.

Tuesday, March 14th, 2017
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CNH approved tender for second farm-out

Alliances are Pemex’s hope to get out of its difficult situation. The NOC expects to produce large quantities of oil through farm-outs in the Gulf of Mexico.

Monday, March 13th, 2017
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Pemex pipeline monopoly comes to an end

Pemex’s monopoly is definitely over. Britain’s BP (LON: BP) was the big winner of the first auction tendering the NOC’s pipeline capacity.

Monday, March 13th, 2017
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Pemex will reactivate a project

The reduction in oil prices led to the cancellation of several Pemex´s projects. The crisis is slowly passing and with a more stable price, prospects are better. At least one major project is being revived.

Thursday, March 9th, 2017
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Mexico will launch an additional tender

Mexico announced it plans to launch two tenders in 2018, in additionto the three tenders planned for this year as part of the energy sector’s opening, and in hopes of boosting Mexico’s declining oil production.

Tuesday, March 7th, 2017
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Sener presents the five-year plan

Sener presents the five-year plan

The Secretariat of Energy (Sener) presented an update to its five-year E&P plan for 2015-2019. In a press release, the Sener highlighted that it would bring certainty to the national and international industry.

Monday, March 6th, 2017
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Private companies oil production

Private companies oil production

Four private companies reported crude production in Mexico. Canamex Energy Holdings, Diavaz Offshore, Renaissance Oil Corp. (CVE: ROE)and Lifting de México are the first private companies to extract Mexican oil since 1938.

Thursday, March 2nd, 2017
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Pemex, Chevron and Inpex signed contract

Pemex, Chevron (NYSE: CVX) and Inpex (TYO: 1605) formed a consortium to bid in round 1.4. This was the first time the NOC formed a consortium to bid for a block in Mexico. The three companies signed an E&P contract, according to a press release.

Thursday, March 2nd, 2017
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CNH approved contracts with Round 1.4 winners

The National Hydrocarbons Commission (CNH) approved the signing of one of the contract licenses awarded in Round 1.4, as well as for the Pemex farm-out to develop Trion.

Wednesday, March 1st, 2017
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