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Exploration

Important find in the Gulf of Mexico

The consortium formed by America’s Premier Oil (LON: PMO) and Talon Energy, and Mexico’s Sierra Oil & Gas, announced a relevant discovery that could represent between 1.4Bbl and 2Bbl.

Thursday, July 13th, 2017
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Ciudad del Carmen is optimistic about coming oil projects

Ciudad del Carmen is an important place for the Mexican oil industry. The industry will develop several projects and the city is optimistic about the results. Shell (LON: RDSB) and Total E&P (NYSE: TOT) are preparing to start working there.

Tuesday, July 4th, 2017
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Pemex poor safety record puts offshore risks in the spotlight

Authorities showed their concern because as a result of lack of safety measures, accidents in oil plants have increased.

 

Wednesday, June 21st, 2017
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Reserves Life Index life is 9 years in Mexico

Reserves Life Index life is 9 years in Mexico

Mexico’s oil industry is facing a challenging moment at present. The Federal Government created many structural reforms to boost the sector, but the country needs positive exploration news to reduce concern about sustainability.

Monday, June 12th, 2017
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Exploration wells drilled during 2017

Exploration wells drilled during 2017

Pemex is facing a difficult situation in many metrics and exploration is one. It is fundamental to guarantee production and increase oil reserves, but for many years, the NOC has shown poor results.

Monday, June 5th, 2017
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CNH criticizes Pemex’s method to calculate reserves

Members of the National Hydrocarbons Commission (CNH) spoke about Pemex’s method to calculate oil reserves during 2016; the conclusions are negative for the NOC.

Friday, June 2nd, 2017
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Mexican reserves decrease again

Mexican reserves decrease again

The National Hydrocarbons Commission (CNH) reported Mexico reserves for 2016. As everybody expected, total reserves were less than 2015 figures.

 

Wednesday, May 31st, 2017
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Participants in Round 2.1

The National Hydrocarbons Commission (CNH) published the list of companies prequalified for the first auction in Round 2. It will take place next July 12 and Mexico will offer 15 offshore blocks.

Tuesday, May 30th, 2017
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Companies announce their first oil sales in Mexico

The National Hydrocarbons Commission (CNH) issued an invoice to Argentina’s Hokchi consortium for the value of US$183,084, corresponding to a test production of 4.2mbbl of medium oil in a block the companies won in Round 1.2.

Tuesday, May 30th, 2017
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BP drills first offshore well since Energy Reform

BP (LON: BP) announced that it was the first company to drill a well in Mexico since Energy Reform was enacted by the government.

Thursday, May 25th, 2017
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