Recent Articles

Mexico Reveals Bid Minimums For December's Onshore Oil Auction
Tuesday, December 01, 2015 Mexico's government will require winning oil companies to bid at least 1% of pre-tax profits in next month's onshore oil auction, the country's Finance Ministry says.
Mexico's Pemex Inks Deal with Global Water Development Partners
Monday, November 30, 2015 Mexico's state-owned oil company Pemex has entered into a partnership with Global Water Development Partners that aims to invest $800 million in water treatment infrastructure projects, the Mexican company said.
Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Monday, November 23, 2015 Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.
Anti-Corruption Strategies Still Key to Navigating Mexican Energy Sector
Thursday, November 05, 2015 Anti-corruption strategies remain key to oil and gas companies in successfully navigating Mexico's energy sector.
Mexico's Pemex Loses Nearly $10B In 3Q, 12th Loss In Row
Wednesday, October 28, 2015 Pemex reports a steep 3Q loss of $9.9 billion, hurt by low oil prices and a weaker Mexican peso.
Hurricane Patricia, One Of strongest Ever Storms, Set To Hit Mexico
Friday, October 23, 2015 Pemex says it has taken measures to protect its installations at ports in Manzanillo and Lazaro Cardenas in Michoacan state.
OGCI Pledges to Further Reduce Greenhouse Gas Emissions
Friday, October 16, 2015 The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.
Pemex Extends Geophysical, Geotechnical Contract for the Fugro-Diavaz JV
Wednesday, October 07, 2015 Pemex extends contract for an ongoing offshore geophysical and geotechnical campaign off Mexico undertaken by the Fugro-Diavaz joint venture.
Pemex Workers Return to GOM Platform after Gas Leak
Wednesday, October 07, 2015 Pemex workers return to the Sihil A platform in the Gulf of Mexico to perform repairs after a gas leak.
Mexico Cuts Oil Spending to Nine-Year Low as Foreign Firms Enter
Thursday, September 10, 2015 Mexico plans to spend the least in nine years to explore for oil, relying instead on foreign companies to help reverse a decade-long decline in production.
CIMC Raffles to Deliver AGOSTO-12 to Coastal Contracts Ahead of Pemex Job
Wednesday, August 26, 2015 CIMC Raffles will deliver AGOSTO-12 jackup gas compression service unit to Malaysia's Coastal Contracts Friday ahead of a long-term charter with Pemex at the Cantarell oil field in the Gulf of Mexico.
What Should Mexico Do to Ensure Future Bidding Success?
Thursday, July 30, 2015 A recent report by the Atlantic Council discusses Mexico's inaugural bid round and what the nation should do to ensure future successful bidding rounds.
Mexico's Pemex Posts Wider 2Q Loss On Lower Prices, Output
Tuesday, July 28, 2015 Pemex reports a bigger second-quarter loss, weighed down by a nearly 10% slide in crude output.
After Deadly Blast, 2.7 Million Barrels of Pemex Oil Go Missing
Friday, July 24, 2015 Since a deadly blast on April 1 tore through one of Pemex's offshore platforms, the Mexican oil giant baffles industry analysts with its assessment of the damage.
Mexico's Pemex To Submit Rest Of Deep Water Tie-Up Requests In August
Friday, July 24, 2015 Pemex plans to submit the remaining requests for tie-ups with private companies in five deep water fields in the Gulf of Mexico in early August, a senior executive at the state-run oil company says.
Mexico's Pemex To Ship 6 Million Barrels Of Crude To Japan Refinery
Friday, July 24, 2015 Mexico's Pemex said it agrees to ship six million barrels of its light crude to Japan's largest refinery over the next six months, as the state-run oil company seeks to further develop its ties with Asia.
Mexico Battles Bad Timing in 1st Sale of Oil Fields Since 1930s
Tuesday, July 14, 2015 Mexico waited 77 years to invite foreign oil producers back into its borders. That was one year too many.
Mexico's New Oil Era Is Here and Economic Legacy Is at Stake
Monday, July 13, 2015 Mexico's government is set to hold the first in a series of petroleum auctions that will help open the energy industry, bringing in an estimated $62.5 billion by 2018.
Mexico's Proven And Probable Oil Reserves Dip 7% In 2014
Tuesday, June 30, 2015 Total Mexican oil and gas reserves fell last year as Pemex was unable to certify enough new discoveries to compensate for current production, the country's oil regulator CNH says.
Pemex Confirms Gulf Oil Platform Accident, Impact Unclear
Monday, June 22, 2015 Pemex confirms there was an accident on an oil platform at one of its major operations in the southern Gulf of Mexico, but added any impact on output remained unclear.