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Exploration

Oil firms announce investments in Mexico

Oil firms announce investments in Mexico

Energy Reform continues to produce results. Oil firms, which won contracts in round 1.3, announced investments for the next two years. The National Hydrocarbons Commission (CNH) approved their initial evaluation and development plans.

Tuesday, April 11th, 2017
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ENI finds oil in the Gulf of Mexico

Italia’s Ente Nazionale Idrocarburi (ENI) announced that it found a significant amount of crude oil in the Gulf of Mexico.

Monday, March 27th, 2017
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Mexico needs to speed up exploration

The Mexican authorities created Energy Reform to counteract the fall in oil production. This represented a major change for the Mexican industry but the country must accelerate this to improve prospects.

Monday, March 27th, 2017
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ASEA reveals standards for fracking

ASEA reveals standards for fracking

The environmental regulator entity issued guidelines for the use of fracking technology in Mexico, and promised strict controls to avoid contamination and tremors.

Monday, March 20th, 2017
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Everything is set to develop Trion

Pemex signed its first farm-out contract with Australia’s BHP Billiton to develop the Trion field.

Monday, March 6th, 2017
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Techint might develop oil fields in Mexico

Grupo Techint’s president, Paolo Rocca said that the company is studying the possibility of venturing in the extraction and production of oil in Mexico’s mature fields, through its Tecpetrol oil company.

Monday, March 6th, 2017
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Number of wells drilled recovers slightly

Number of wells drilled recovers slightly

Wells drilled in Mexico reported an increase in 4Q16 compared to the quarter. But, comparing current data with previous years the figure is historically low, according to the Energy Information System of the Energy Secretary (Sener).

Monday, February 27th, 2017
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Mexico-based oil companies interested in Cuba

The Mexican hydrocarbon industry wants to grow but there is much competition. Some oil firms are interested in investing in Cuba as the country unveils its offshore and onshore hydrocarbons investment projects.

About 280 oil-company executives from around the world attended a meeting in Havana to know Cuba´s investment projects. The country has doubled its crude reserves according to recent studies.

Friday, February 10th, 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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“Eastern gap” agreements

Negotiations to delimit the Eastern Gap are over. Cuba, Mexico and the United States signed agreements to delimit this area of the Gulf of Mexico. The negotiations ended with a mutual treaty.

Tuesday, January 24th, 2017
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