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Mexico will not be heaven

After a week in Mexico City and another week at the Global Petroleum Show in Calgary, Mexico’s ‘belle of the ball’ status is clear. But the government’s strong desire to see increased production through foreign investment does not mean social, or indeed environmental, conditions will be any easier.

Monday, June 20th, 2016

Pemex suspends 38% of contracts for platforms

According to the Mexican Association of Petroleum Industry (Amipe), Pemex in platforms contract renewal, has made the determination to temporarily suspend 20, renew another 20 and cancel the remaining (13).

Friday, June 17th, 2016

Pemex seeks foreign investors for farm-outs partnership

Currently José Antonio González Anaya, CEO of Petróleos Mexicanos (Pemex), is in London, seeking agreements with European investors for the first farm-out in the Gulf of Mexico.

Thursday, June 16th, 2016

Mexican companies cut more than 9,000 jobs during 2015

When the price of WTI (West Texas Intermediate) surpassed the US$100 per barrel in 2014, it was all happiness in the sector with large projections and expectations; just two years later with the barrel closer to US$50, things have changed substantially.

Wednesday, June 15th, 2016

Tabasco against Pemex

A report in Cronica says that former congressional deputy and now leader of the front for the indigenous and rural communities’ defense with oil activity in Tabasco, Verónica Pérez Rojas has been leading a struggle against Pemex since the end of 2013. Mrs. Pérez is looking for the company to accept and start immediately to repair damage caused by oil exploitation activities in the region carried out by the corporation.

Tuesday, June 14th, 2016
Mexico, world´s largest production fall

Mexico, world´s largest production fall

Mexico was the country with the worst performance in terms of production during 2015, falling back -7%, according to the annual BP statistical report.

Monday, June 13th, 2016