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Mexican oil extraction falls

The latest extraction data for May, published by Pemex, is not very positive because production stood at 2.17 mmbbl, which shows a drop of 2.3% compared to the same period last year; production at that time was 2.22 mmbbl.

Thursday, June 9th, 2016
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SENER emits guidelines and model contracts

As part of the Energy Reform, the Secretary of Energy (SENER) issued guidelines and model contracts for the use, involvement or, where appropriate, acquisition of land, assets or rights for the exploration and extraction oil and transportation through pipelines.

Wednesday, June 8th, 2016
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Energy Reform and its first scandal?

Mexican Energy Reform so far is taking its first steps and is already beginning to generate controversial news. It has created the Mexican Oil Fund (FMP), which will be central to the new energy era in the country.

Tuesday, June 7th, 2016
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Crude reserves fall from excluding Mexico’s largest field

According to an article in El Financiero, the National Hydrocarbons Commission (CNH) decided to exclude the Akal field, which is part of Cantarell complex, the largest discovered in Mexico so far, in the counting of petroleum reserves.

Friday, June 3rd, 2016
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Main corruption risks in Mexican oil sector

In search for new investments to strengthen the oil sector in Mexico and with energy reform under way, some concerns are emerging about corruption risks facing the industry.

Thursday, June 2nd, 2016
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Pemex growing exports to Europe and Asia

Noticing the threat posed by dependence on oil exports to one country (USA), Pemex has been implementing a strategy of market diversification since 2011. Crude sales to its main buyer, the US, have fallen 37% (2011-2015), from 1.24 mmbbl to 691 mbbl, mostly because USA has gone from being an importer to producer.

Wednesday, June 1st, 2016
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