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Concessions

Important oil companies secure their quota in Round 2.1

There are 23 firms that have already paid the US$440,000 cost of accessing seismic data from the 15 fields of the Quetzalcoatl Belt and the Salto Isthmus off the coasts of Veracruz, Tabasco, and Campeche.

Tuesday, February 28th, 2017
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CNH rejects Renaissance Oil’s complaint

The National Hydrocarbons Commission (CNH) denied Canada’s Renaissance Oil ‘force majeure’ request for the Pontón field on the grounds of environmental damage. The agency said the company lacked a base-line study that proved the damage was caused by Pemex.

Wednesday, February 22nd, 2017
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First gas pipeline auction only awarded 29% of the offered capacity

The National Center for Natural Gas Control (Cenagas) awarded only 29% of the pipeline capacity for natural gas transportation on offer.

Monday, February 20th, 2017
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SENER would increase number of blocks in upcoming tenders

SENER would increase number of blocks in upcoming tenders

Mexico is looking for large investments and wants to increase its oil production as soon as possible. To achieve this, the Secretary of Energy (SENER) is considering increasing the number of blocks in subsequentrounds, according to a report in El Financiero.

As well, SENER would redesign the auctions based on the Bureau Ocean Energy Management (BOEM) model.

Monday, February 13th, 2017
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Renaissance acquires 25% WI of a block in Veracruz

Renaissance Oil Corp. (TSX-V: ROE) announced the acquisition of the 25% working interest (WI) in the integrated E&P contract for the Amatitlán Block in Veracruz, according to a press release. The corporation joins Lukoil (50% WI) and Marak Capital (25% WI).

Craig Steinke, CEO of Renaissance, said that this agreement is a great opportunity for the companies involved due to their huge expertise.

Monday, February 13th, 2017
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Tenders for gas pipelines

The National Center for Natural Gas Control (Cenegas) will tender two gas pipelines projects. This is the first time that this agency will go to an auction.. Cenegas wants to increase the national network with this action.

Friday, January 27th, 2017
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Offshore exploration projects begin

This year begins with good news for the states of Veracruz and Tabasco. Oil and gas exploration projects will begin in February in these areas of Mexico as international firms start work offshore.

Thursday, January 26th, 2017
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Mexico could increase its shale production

The new US administration wants to encourage shale oil production. Mexico has one of the largest reserves of shale oil worldwide.

Wednesday, January 25th, 2017
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Interested companies in Round 2.1

Interested companies in Round 2.1

The National Hydrocarbons Commission (CNH) said that many companies have started the process to take part in the first tender of Round 2. Mexico will auction 15 offshore blocks in the Gulf of Mexico.

Tuesday, January 24th, 2017
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The bids for Pemex’s Open Season started

Companies interested in acquiring transportation and storage capacity in Pemex’s system in Baja California and Sonora will be able to send their economic and technical proposals to the NOC in the first open season that will take place in Mexico.

Tuesday, January 17th, 2017
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